Real Estate Investing in Belknap, Illinois (62908)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62908 (Belknap, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.5% 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 Belknap, IL (62908)?
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Market Analysis: 62908 Belknap
Not every below-median market is a bargain. Belknap's 62908 ZIP comes in at signals that favor experienced operators who can absorb the risk $165K pricing implies.
Rent of $855/mo on a $165K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62908 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Belknap have seen price recovery that 62908 has not matched. Massac County data supports the view that the spread is structural rather than temporary.
The 62908 ZIP's population of 365 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Strategy in 62908 is an operator game, not a passive one. From a cash-flow lens, entry prices of $165K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Belknap:
Market Trends
Home Value History (with trend line)
📊 How Does 62908 Compare?
| Metric | 62908 | Belknap | Paducah, KY-IL | Illinois |
|---|---|---|---|---|
| Home Value | $165,152 | $165,152 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $855 | $855 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62908 (Belknap, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,152 |
| Monthly Rent | $855 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (4.0%). 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 62908
Population: 365
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
Frequently Asked Questions
Is it easy to find good tenants in Belknap, IL?
Tenant demand in Belknap, IL is solid. The local workforce $855/mo rents across most rental classes.
How strong is Belknap, IL for real estate investors?
Belknap, IL scores 2.0/5 for investability. Home values sit at $165K and rents near $855/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are home prices like in Belknap, IL?
The median home value in Belknap, IL is roughly $165K. That puts it reasonable relative to the IL statewide average.
Is IL a landlord-friendly state?
The landlord environment in Belknap, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Does a duplex house hack pencil in Belknap, IL?
For house hackers, Belknap, IL is a challenging. The $855/mo rent on a unit helps defray the mortgage on a $165K property.
You know 62908 now. You don’t know where it ranks.
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How 62908 ranks in Paducah, KY-IL
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