Real Estate Investing in Anna, Illinois (62906)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62906 (Anna, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Anna, IL (62906)?
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Market Analysis: 62906 Anna
Not every below-median market is a bargain. Anna's 62906 ZIP sits at signals that favor experienced operators who can absorb the risk $142K pricing implies.
Rent of $864/mo on a $142K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62906 sits below the stated 0.0% once reality is priced in.
On the rental side, 62906 offers a low basis, the region around Anna has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On balance, 7,218 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 62906 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Anna:
Market Trends
Home Value History (with trend line)
📊 How Does 62906 Compare?
| Metric | 62906 | Anna | Illinois |
|---|---|---|---|
| Home Value | $142,484 | $142,484 | $279,761 |
| 5-Year CAGR | 4.4% | 4.4% | 6.6% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 4.7% | 4.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62906 (Anna, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $142,484 |
| Monthly Rent | $864 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +2.6% ▲ |
🏠 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 (4.7%). 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 62906
Population: 7,218
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 62906
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.
Frequently Asked Questions
How tight is the rental market in Anna, IL?
Anna, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How do experienced investors play Anna, IL?
Most investors in Anna, 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.
How landlord-friendly is Anna, IL?
For rental operators, Anna, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Can owner-occupants cash flow in Anna, IL?
For house hackers, Anna, IL is a challenging. The $864/mo rent on a unit helps defray the mortgage on a $142K property.
How do home values compare in Anna, IL?
Anna, IL median home values land near $142K. That is reasonable territory for investors looking at $864/mo-per-month rentals.
You know 62906 now. You don’t know where it ranks.
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