Real Estate Investing in Carbondale, Illinois (62901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62901 (Carbondale, 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: 18.4% of homes vacant — above national norms.
- Lower household income: $31,857 median — tenant affordability is tighter.
What’s happening in Carbondale, IL (62901)?
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Market Analysis: 62901 Carbondale
ZIP 62901 inside Jackson County looks affordable on the surface — median value of $130K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $702/mo on a $130K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62901 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 62901 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 62901 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Carbondale:
Property Strategy for 62901
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $70,902 | $980 | 10.0% | +6.9% | $35,451 |
| 3BR | $140,725 | $1,290 | 6.6% | +8.4% | $46,908 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 62901 Compare?
| Metric | 62901 | Carbondale | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $129,799 | $178,181 | N/A | $279,761 |
| 5-Year CAGR | 7.6% | 8.9% | N/A | 6.6% |
| Avg Rent | $702 | $787 | N/A | - |
| Cap Rate | 4.2% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62901 (Carbondale, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $129,799 |
| Monthly Rent | $702 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +12.9% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 Rent Trends
| 1-Year | +12.6% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 62901
Population: 22,920
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
🎓 Schools in 62901
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 974 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Carbondale, IL?
Typical homes in Carbondale, IL go for around $130K. The 5-year CAGR of 0.0% even-keeled price movement.
Is Carbondale, IL good for landlords?
For rental operators, Carbondale, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much rent can I charge in Carbondale, IL?
Carbondale, IL rentals go for roughly $702/mo a month. That puts gross yield in solid territory relative to $130K acquisition costs.
How does Carbondale, IL stack up for property investment?
Carbondale, IL sits at an investability rating of 3.0/5, with median home values near $130K and average rents around $702/mo. That combination puts it in the healthy tier for investor interest.
How qualified is the tenant pool in Carbondale, IL?
The tenant pool in Carbondale, IL is solid, supported by local employment and population fundamentals. Rents of $702/mo are well-absorbed by the market.
You know 62901 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62901 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 62901 ranks in Carbondale-Marion, IL
Every ZIP in this metro, ranked. Free.
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