Real Estate Investing in Carrier Mills, Illinois (62917)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62917 (Carrier Mills, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.7% of homes vacant — above national norms.
- Declining values: -0.9% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Carrier Mills, IL (62917)?
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Market Analysis: 62917 Carrier Mills
ZIP 62917 inside Carrier Mills, IL leans into a value-add thesis. Home values near $77K sit below the state median, and rents of $837/mo leave room for forced-equity plays.
BRRRR works in 62917 because the math supports it. Buy at $77K, rehab, and the refinance step typically recovers capital in a way that flat-yield markets cannot match.
Across Carrier Mills, pockets like 62917 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
On the rental side, incomes in 62917 sit below the county median, the tenant pool is deep and the demand for upgraded rental stock consistently outruns supply.
Flippers with local expertise can do well in 62917. Out-of-state investors should partner with boots-on-the-ground operators or skip the ZIP entirely.
Here's what matters if you're considering buying a home in Carrier Mills:
Market Trends
Home Value History (with trend line)
📊 How Does 62917 Compare?
| Metric | 62917 | Carrier Mills | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $77,482 | $77,482 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 8.4% | 8.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62917 (Carrier Mills, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $77,482 |
| Monthly Rent | $837 |
| Price-to-Rent | 7.7:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.0% |
| Cap Rate | 8.4% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | -5.0% ▼ |
| 5-Year CAGR | -0.9% ▼ |
| 10-Year CAGR | -1.2% ▼ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.4%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62917
Population: 2,474
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 62917
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 524 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is the 1% rule achievable in Carrier Mills, IL?
The median property in Carrier Mills, IL ($77K at $837/mo rent) a 1.08% rent-to-price figure. Pure 1% deals require disciplined offer pricing.
Is Carrier Mills, IL a viable BRRRR market?
Investors running BRRRR in Carrier Mills, IL see a strong outcomes. Deal flow and rehab execution matter more than the macro here.
How much does a house cost in Carrier Mills, IL?
Carrier Mills, IL home values average about $77K. That price point suits investors targeting rentals with $837/mo in monthly income.
How much rent can I charge in Carrier Mills, IL?
Investors in Carrier Mills, IL typically see rents near $837/mo per month against $77K home values - a solid setup for rental cash flow.
Can owner-occupants cash flow in Carrier Mills, IL?
The an attractive house-hack environment in Carrier Mills, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 62917 now. You don’t know where it ranks.
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How 62917 ranks in Carbondale-Marion, IL
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