Real Estate Investing in Carterville, Illinois (62918)
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Should you buy in 62918 (Carterville, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Carterville, IL (62918)?
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Market Analysis: 62918 Carterville
ZIP 62918 in Carterville, IL carries a healthy set of headwinds. Home values near $199K and rents of $1,552/mo sit inside a market where underwriting has to be tight.
The investment case in 62918 is notable only for operators who understand what they are buying. A $199K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Carterville have seen price recovery that 62918 has not matched. Williamson County data supports the view that the spread is structural rather than temporary.
Employment concentration in 62918 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. significant returns are possible in 62918, 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 Carterville:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 62918 Compare?
| Metric | 62918 | Carterville | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $198,926 | $198,926 | N/A | $279,761 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.6% |
| Avg Rent | $1,552 | $1,552 | N/A | - |
| Cap Rate | 6.1% | 6.1% | - | - |
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 62918 (Carterville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $198,926 |
| Monthly Rent | $1,552 |
| Price-to-Rent | 10.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.4% |
| Cap Rate | 6.1% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 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 (6.1%). 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 62918
Population: 10,521
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 62918
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 strong is Carterville, IL for real estate investors?
Carterville, IL comes in at an investability rating of 3.0/5, with median home values near $199K and average rents around $1,552/mo. That combination puts it in the resilient tier for investor interest.
How landlord-friendly is Carterville, IL?
Carterville, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What do landlords charge for rent in Carterville, IL?
Average rent in Carterville, IL is approximately $1,552/mo per month. Against $199K home values that yields a reasonable rent-to-price ratio.
Is it easy to find good tenants in Carterville, IL?
Carterville, IL draws a even-keeled base of working renters. Demand at the $1,552/mo rent level is reasonable for standard single-family and small multi rentals.
How do experienced investors play Carterville, IL?
In Carterville, IL the significant play is typically careful cash-flow rentals with hands-on management. The combination of $199K prices and $1,552/mo rents suits that approach.
You know 62918 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62918 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 62918 ranks in Carbondale-Marion, IL
Every ZIP in this metro, ranked. Free.
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