Real Estate Investing in Buncombe, Illinois (62912)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62912 (Buncombe, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 11.5% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (1.5% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Buncombe, IL (62912)?
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Market Analysis: 62912 Buncombe
The 62912 ZIP covers a section of Buncombe that demands careful diligence. Prices near $186K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62912 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 62912's metrics run below Union County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 62912 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. robust returns are possible in 62912, 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 Buncombe:
Market Trends
Home Value History (with trend line)
📊 How Does 62912 Compare?
| Metric | 62912 | Buncombe | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $186,168 | $186,168 | N/A | $279,761 |
| 5-Year CAGR | 1.5% | 1.5% | N/A | 6.6% |
| Avg Rent | $873 | $873 | 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 62912 (Buncombe, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $186,168 |
| Monthly Rent | $873 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +1.5% ▲ |
| 10-Year CAGR | +2.0% ▲ |
🏠 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 62912
Population: 1,534
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 62912
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
Frequently Asked Questions
Are homes affordable in Buncombe, IL?
Buncombe, IL home values average about $186K. That price point suits investors targeting rentals with $873/mo in monthly income.
How do landlord-tenant laws work in Buncombe, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Buncombe generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is tenant demand in Buncombe, IL?
Buncombe, IL draws a stable base of working renters. Demand at the $873/mo rent level is reasonable for standard single-family and small multi rentals.
Is Buncombe, IL a good place for real estate investing?
Buncombe, IL posts an investability rating of 2.0/5, with median home values near $186K and average rents around $873/mo. That combination puts it in the durable tier for investor interest.
What is the typical rental rate in Buncombe, IL?
Investors in Buncombe, IL typically see rents near $873/mo per month against $186K home values - a solid setup for rental cash flow.
You know 62912 now. You don’t know where it ranks.
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How 62912 ranks in Carbondale-Marion, IL
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