Real Estate Investing in Jonesboro, Illinois (62952)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62952 (Jonesboro, 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: 13.6% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.0% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Jonesboro, IL (62952)?
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Market Analysis: 62952 Jonesboro
ZIP 62952 in Jonesboro, IL carries a solid set of headwinds. Home values near $138K and rents of $828/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 62952 can be a worth a close look for hunting ground — but the discount at $138K reflects genuine risk that outside investors often underestimate.
Within IL, ZIP 62952 trails on several market indicators that neighboring Union County submarkets outperform. The gap is real and durable enough to shape underwriting.
The demographic picture in 62952 includes headwinds that any investor should price in. Income distribution skews lower than Jonesboro averages, and tenant stability requires active management.
Distressed ZIPs reward experience. solid returns are possible in 62952, 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 Jonesboro:
Market Trends
Home Value History (with trend line)
📊 How Does 62952 Compare?
| Metric | 62952 | Jonesboro | Illinois |
|---|---|---|---|
| Home Value | $138,367 | $138,367 | $279,761 |
| 5-Year CAGR | 0.0% | 0.0% | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 4.7% | 4.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62952 (Jonesboro, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $138,367 |
| Monthly Rent | $828 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +0.0% ▲ |
| 5-Year CAGR | +0.0% ▲ |
| 10-Year CAGR | +0.6% ▲ |
🏠 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 (4.7%). 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 62952
Population: 2,950
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 62952
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 862 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Jonesboro, IL?
Jonesboro, IL rentals go for roughly $828/mo a month. That puts gross yield in solid territory relative to $138K acquisition costs.
Do rentals sit vacant long in Jonesboro, IL?
Jonesboro, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
Is Jonesboro, IL a good place for real estate investing?
Jonesboro, IL rates 3.0/5 for investability. With median values at $138K and rents near $828/mo, the market offers reasonable fundamentals for rental investors.
What is the renter demographic in Jonesboro, IL?
Expect a solid tenant pool in Jonesboro, IL. The rental market absorbs $828/mo rents without meaningful friction.
How landlord-friendly is Jonesboro, IL?
Jonesboro, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 62952 now. You don’t know where it ranks.
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