Real Estate Investing in Cave in Rock, Illinois (62919)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62919 (Cave in Rock, 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: 47.6% 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 Cave in Rock, IL (62919)?
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Market Analysis: 62919 Cave in Rock
ZIP 62919 inside Hardin County looks affordable on the surface — median value of $99K — but the discount exists for reasons that a careful buyer should understand before committing.
The 62919 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 62919 sits on the difficult end of the IL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Stepping back, 775 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.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Cave in Rock:
Market Trends
Home Value History (with trend line)
📊 How Does 62919 Compare?
| Metric | 62919 | Cave in Rock | Illinois |
|---|---|---|---|
| Home Value | $98,542 | $98,542 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 6.6% | 6.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62919 (Cave in Rock, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $98,542 |
| Monthly Rent | $828 |
| Price-to-Rent | 9.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.1% |
| Cap Rate | 6.6% |
| 5-Year IRR | 2.3% |
📈 Home Appreciation
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | -4.2% ▼ |
| 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%) is close to the estimated cap rate (6.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62919
Population: 775
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
Frequently Asked Questions
What are vacancy rates like in Cave in Rock, IL?
Expect elevated vacancy in Cave in Rock, IL. Rents at $828/mo are absorbed by the tenant base without meaningful lag.
What strategy should investors use in Cave in Rock, IL?
For Cave in Rock, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What are rental rates like in Cave in Rock, IL?
Rent in Cave in Rock, IL is around $828/mo. The resulting rent-to-value relationship with $99K pricing is reasonable for most investor models.
Is rental property easy to operate in Cave in Rock, IL?
Cave in Rock, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Should investors consider Cave in Rock, IL?
Our data puts Cave in Rock, IL at 3.0/5 for investability. Home prices of $99K and rents around $828/mo create a solid backdrop for investor activity.
You know 62919 now. You don’t know where it ranks.
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