Real Estate Investing in Ullin, Illinois (62941)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62941 (Ullin, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 33.3% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.4% CAGR).
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ullin, IL (62941)?
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Market Analysis: 62941 Ullin
ZIP 62941 inside Pulaski County looks affordable on the surface — median value of $154K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 62941 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 62941 and stronger Ullin ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 62941 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.
Experienced landlords with local relationships tend to find 62941 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Ullin:
Market Trends
Home Value History (with trend line)
📊 How Does 62941 Compare?
| Metric | 62941 | Ullin | Paducah, KY-IL | Illinois |
|---|---|---|---|---|
| Home Value | $154,456 | $77,228 | N/A | $279,761 |
| 5-Year CAGR | 0.4% | 0.4% | N/A | 6.6% |
| Avg Rent | $1,152 | $1,152 | N/A | - |
| Cap Rate | 5.8% | 5.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62941 (Ullin, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $154,456 |
| Monthly Rent | $1,152 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.8% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +17.1% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +0.4% ▲ |
| 10-Year CAGR | -0.5% ▼ |
🏠 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 (5.8%). 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 62941
Population: 588
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are homes affordable in Ullin, IL?
Ullin, IL home values average about $154K. That price point suits investors targeting rentals with $1,152/mo in monthly income.
How qualified is the tenant pool in Ullin, IL?
The tenant pool in Ullin, IL is solid, supported by local employment and population fundamentals. Rents of $1,152/mo are well-absorbed by the market.
How strong are rents in Ullin, IL?
The typical rental in Ullin, IL commands about $1,152/mo monthly. That rent profile measured cash flow against the $154K purchase basis.
How do experienced investors play Ullin, IL?
The best-fit strategy in Ullin, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Ullin, IL landlord-friendly?
IL ranks as a landlord-friendly state for landlord-tenant law. Ullin generally follows the statewide framework, so landlords face reasonable operating rules.
You know 62941 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62941 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 62941 ranks in Paducah, KY-IL
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