Real Estate Investing in Dongola, Illinois (62926)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62926 (Dongola, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.6% 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 Dongola, IL (62926)?
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Market Analysis: 62926 Dongola
The 62926 ZIP covers a section of Dongola that demands careful diligence. Prices near $146K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 62926 can be a a strong candidate for hunting ground — but the discount at $146K reflects genuine risk that outside investors often underestimate.
Turning to rents, 62926 offers a low basis, the region around Dongola has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 62926 ZIP's population of 2,166 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Strategically, 62926 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Dongola:
Market Trends
Home Value History (with trend line)
📊 How Does 62926 Compare?
| Metric | 62926 | Dongola | Illinois |
|---|---|---|---|
| Home Value | $146,250 | $146,250 | $279,761 |
| 5-Year CAGR | 4.2% | 4.2% | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62926 (Dongola, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,250 |
| Monthly Rent | $828 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +2.4% ▲ |
🏠 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 (4.4%). 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 62926
Population: 2,166
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 62926
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 strict are landlord regulations in Dongola, IL?
Rental owners in Dongola, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How strong is the working-renter base in Dongola, IL?
The renter base in Dongola, IL is reasonable for the $828/mo price point. Screening well and pricing to market typically yields reliable tenants.
Where do rents currently stand in Dongola, IL?
The typical rental in Dongola, IL commands about $828/mo monthly. That rent profile measured cash flow against the $146K purchase basis.
Is Dongola, IL a smart market for rental property?
With a 3.0/5 investability score, Dongola, IL ranks as a solid market for rental property investors. Median prices of $146K and rents of $828/mo drive the underlying numbers.
What price range are homes in Dongola, IL?
The median home value in Dongola, IL is roughly $146K. That puts it reasonable relative to the IL statewide average.
You know 62926 now. You don’t know where it ranks.
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