Real Estate Investing in Goreville, Illinois (62939)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62939 (Goreville, 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: 26.3% 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 Goreville, IL (62939)?
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Market Analysis: 62939 Goreville
This part of Johnson County is not an easy win. The 62939 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62939 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
On the rental side, 62939 offers a low basis, the region around Goreville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A durable renter share of 7% in 62939 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Goreville's stable or hybrid ZIPs before stepping into 62939. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Goreville:
Market Trends
Home Value History (with trend line)
📊 How Does 62939 Compare?
| Metric | 62939 | Goreville | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $202,165 | $202,165 | N/A | $279,761 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 6.6% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62939 (Goreville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,165 |
| Monthly Rent | $954 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | -2.8% ▼ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 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 (3.7%). 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 62939
Population: 3,072
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 62939
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 611 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Goreville, IL?
Typical homes in Goreville, IL go for around $202K. The 5-year CAGR of 0.0% reliable price movement.
Is Goreville, IL a friendly market for rental owners?
For rental operators, Goreville, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the smart move for investors in Goreville, IL?
In Goreville, IL the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $202K prices and $954/mo rents suits that approach.
Should investors consider Goreville, IL?
With a 3.0/5 investability score, Goreville, IL ranks as a solid market for rental property investors. Median prices of $202K and rents of $954/mo drive the underlying numbers.
What is the typical rental rate in Goreville, IL?
Investors in Goreville, IL typically see rents near $954/mo per month against $202K home values - a solid setup for rental cash flow.
You know 62939 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62939 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 62939 ranks in Carbondale-Marion, IL
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