Real Estate Investing in Murphysboro, Illinois (62966)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62966 (Murphysboro, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 13.9% of homes vacant — above national norms.
What’s happening in Murphysboro, IL (62966)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62966 Murphysboro
Not every below-median market is a bargain. Murphysboro's 62966 ZIP posts signals that favor experienced operators who can absorb the risk $122K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $122K asset, 62966 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 62966's metrics run below Jackson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 62966 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
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 Murphysboro:
Property Strategy for 62966
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $72,020 | $920 | 9.2% | +10.7% | $36,010 |
| 3BR | $135,405 | $1,210 | 6.4% | +10.1% | $45,135 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 62966 Compare?
| Metric | 62966 | Murphysboro | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $121,697 | $121,697 | N/A | $279,761 |
| 5-Year CAGR | 10.0% | 10.0% | N/A | 6.6% |
| Avg Rent | $750 | $750 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
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 62966 (Murphysboro, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $121,697 |
| Monthly Rent | $750 |
| Price-to-Rent | 13.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 14.8% |
📈 Home Appreciation
| 1-Year | +19.8% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +10.0% ▲ |
| 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 (4.8%). 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 62966
Population: 13,995
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 62966
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
Is Murphysboro, IL a good market for buy-and-hold investors?
Murphysboro, IL scores 4.0/5 for investability. Home values sit at $122K and rents near $750/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much do tenants pay in Murphysboro, IL?
The typical rental in Murphysboro, IL commands about $750/mo monthly. That rent profile steady cash flow against the $122K purchase basis.
Is Murphysboro, IL landlord-friendly?
The landlord environment in Murphysboro, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Murphysboro, IL better for rentals, flips, or BRRRR?
The best-fit strategy in Murphysboro, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does a duplex house hack pencil in Murphysboro, IL?
House hacking works a challenging in Murphysboro, IL. Rents of $750/mo against $122K acquisition make the strategy solid for owner-occupants.
You know 62966 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62966 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 62966 ranks in Carbondale-Marion, IL
Every ZIP in this metro, ranked. Free.
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