Real Estate Investing in Grantsburg, Illinois (62943)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62943 (Grantsburg, 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.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 41.6% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.2% 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 Grantsburg, IL (62943)?
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Market Analysis: 62943 Grantsburg
The 62943 ZIP covers a section of Grantsburg that demands careful diligence. Prices near $171K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 62943 can be a an appealing option for hunting ground — but the discount at $171K reflects genuine risk that outside investors often underestimate.
In the broader IL picture, 62943 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 62943 includes headwinds that any investor should price in. Income distribution skews lower than Grantsburg averages, and tenant stability requires active management.
Distressed ZIPs reward experience. robust returns are possible in 62943, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Grantsburg:
Market Trends
Home Value History (with trend line)
📊 How Does 62943 Compare?
| Metric | 62943 | Grantsburg | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $170,789 | $170,789 | N/A | $279,761 |
| 5-Year CAGR | 1.2% | 1.2% | N/A | 6.6% |
| Avg Rent | $855 | $855 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62943 (Grantsburg, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $170,789 |
| Monthly Rent | $855 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +1.2% ▲ |
| 10-Year CAGR | +1.6% ▲ |
🏠 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 (3.9%). 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 62943
Population: 324
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
Frequently Asked Questions
Is Grantsburg, IL a good market for buy-and-hold investors?
Investors tracking Grantsburg, IL will find a 2.0/5 rating supported by $171K median home values and $855/mo rents. That profile suits long-term holders targeting steady returns.
What is the typical rental rate in Grantsburg, IL?
The typical rental in Grantsburg, IL commands about $855/mo monthly. That rent profile reliable cash flow against the $171K purchase basis.
What is the typical renter like in Grantsburg, IL?
Tenant quality in Grantsburg, IL ranks as solid. Landlords generally report consistent occupancy at market rents of $855/mo.
Do landlords face vacancy issues in Grantsburg, IL?
Expect elevated vacancy in Grantsburg, IL. Rents at $855/mo are absorbed by the tenant base without meaningful lag.
What investment strategy works best in Grantsburg, IL?
In Grantsburg, IL the significant play is typically careful cash-flow rentals with hands-on management. The combination of $171K prices and $855/mo rents suits that approach.
You know 62943 now. You don’t know where it ranks.
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How 62943 ranks in Carbondale-Marion, IL
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