Real Estate Investing in Walnut Hill, Illinois (62893)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62893 (Walnut Hill, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.4% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Walnut Hill, IL (62893)?
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Market Analysis: 62893 Walnut Hill
The 62893 ZIP covers a section of Walnut Hill that demands careful diligence. Prices near $195K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 62893 can be a an appealing option for hunting ground — but the discount at $195K reflects genuine risk that outside investors often underestimate.
In the broader IL picture, 62893 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 62893 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. impressive returns are possible in 62893, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Walnut Hill:
Market Trends
Home Value History (with trend line)
📊 How Does 62893 Compare?
| Metric | 62893 | Walnut Hill | Mount Vernon, IL | Illinois |
|---|---|---|---|---|
| Home Value | $195,356 | $195,356 | N/A | $279,761 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.6% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62893 (Walnut Hill, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $195,356 |
| Monthly Rent | $927 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62893
Population: 922
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Investor Insight: With 506 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How should investors approach Walnut Hill, IL?
Most investors in Walnut Hill, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Are eviction rules reasonable in Walnut Hill, IL?
For rental operators, Walnut Hill, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What do rentals go for in Walnut Hill, IL?
Rental rates in Walnut Hill, IL average $927/mo. Tenant demand and $195K home values make the yield look reasonable by investor standards.
How viable is house hacking in Walnut Hill, IL?
The house hack math a challenging in Walnut Hill, IL. Owner-occupant buyers benefit from the $927/mo rents and $195K home values.
How does Walnut Hill, IL stack up for property investment?
Walnut Hill, IL shows an investability rating of 3.0/5, with median home values near $195K and average rents around $927/mo. That combination puts it in the durable tier for investor interest.
You know 62893 now. You don’t know where it ranks.
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