Real Estate Investing in De Soto, Illinois (62924)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62924 (De Soto, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in De Soto, IL (62924)?
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Market Analysis: 62924 De Soto
The 62924 ZIP covers a section of De Soto that demands careful diligence. Prices near $116K look accessible, but the work to make a deal cash flow is real.
The 62924 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Turning to rents, 62924 offers a low basis, the region around De Soto has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 62924 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 62924 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in De Soto:
Market Trends
Home Value History (with trend line)
📊 How Does 62924 Compare?
| Metric | 62924 | De Soto | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $115,899 | $115,899 | N/A | $279,761 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 6.6% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 6.1% | 6.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62924 (De Soto, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $115,899 |
| Monthly Rent | $900 |
| Price-to-Rent | 10.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.3% |
| Cap Rate | 6.1% |
| 5-Year IRR | 13.6% |
📈 Home Appreciation
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 62924
Population: 3,064
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 62924
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
What are vacancy rates like in De Soto, IL?
De Soto, IL carries elevated vacancy risk. Expect predictable absorption at market rents of $900/mo.
How strong is the working-renter base in De Soto, IL?
Tenant quality in De Soto, IL ranks as solid. Landlords generally report consistent occupancy at market rents of $900/mo.
What kind of market is De Soto, IL for investors?
De Soto, IL scores 4.0/5 for investability. Home values sit at $116K and rents near $900/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the smart move for investors in De Soto, IL?
A careful cash-flow rentals with hands-on management strategy De Soto, IL best. The market produces steady results for that approach at the $116K price point.
What is the typical rental rate in De Soto, IL?
Rent in De Soto, IL is around $900/mo. The resulting rent-to-value relationship with $116K pricing is reasonable for most investor models.
You know 62924 now. You don’t know where it ranks.
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How 62924 ranks in Carbondale-Marion, IL
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