Real Estate Investing in Cobden, Illinois (62920)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62920 (Cobden, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cobden, IL (62920)?
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Market Analysis: 62920 Cobden
Turning to rents, ZIP 62920 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $201K median. It rewards specialists, not generalists.
Rent of $855/mo on a $201K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62920 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Cobden have seen price recovery that 62920 has not matched. Union County data supports the view that the spread is structural rather than temporary.
Resident income in 62920 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
looks 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 Cobden:
Market Trends
Home Value History (with trend line)
📊 How Does 62920 Compare?
| Metric | 62920 | Cobden | Illinois |
|---|---|---|---|
| Home Value | $201,051 | $201,051 | $279,761 |
| 5-Year CAGR | 4.3% | 4.3% | 6.6% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62920 (Cobden, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $201,051 |
| Monthly Rent | $855 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 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 (3.3%). 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 62920
Population: 2,872
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 62920
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
How do home values compare in Cobden, IL?
Homes in Cobden, IL typically sell near $201K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Is Cobden, IL a good market for FHA house hackers?
Cobden, IL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $855/mo rent level.
Is Cobden, IL a good place for real estate investing?
Cobden, IL stands at an investability rating of 3.0/5, with median home values near $201K and average rents around $855/mo. That combination puts it in the notable tier for investor interest.
Are landlord laws favorable in Cobden, IL?
Rental owners in Cobden, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What do rentals go for in Cobden, IL?
Rental rates in Cobden, IL average $855/mo. Tenant demand and $201K home values make the yield look reasonable by investor standards.
You know 62920 now. You don’t know where it ranks.
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