Real Estate Investing in Thebes, Illinois (62957)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62957 (Thebes, 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: 45.3% of homes vacant — above national norms.
- Declining values: -2.9% 5-year CAGR — values have moved lower.
- Lower household income: $39,896 median — tenant affordability is tighter.
• 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 Thebes, IL (62957)?
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Market Analysis: 62957 Thebes
The 62957 ZIP in Thebes is not a pristine, turnkey story — it is a value-add map. Stock is older, prices near $78K are approachable, and upside sits in the rehab line.
Cap rate math of 0.0% understates the return here. Post-rehab, stabilized yields climb, and the 62957 ZIP's older housing stock gives operators the opportunity set to execute.
Comparing Thebes submarkets, ZIP 62957 offers an entry cost that most surrounding neighborhoods have moved past. The healthy delta is the opportunity.
Household income in 62957 supports the rent-lift thesis. 669 residents, deep working-age cohort, and the kind of tenant profile that responds to upgraded stock.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Thebes:
Market Trends
Home Value History (with trend line)
📊 How Does 62957 Compare?
| Metric | 62957 | Thebes | Cape Girardeau, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $78,244 | $102,488 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $945 | $887 | N/A | - |
| Cap Rate | 9.4% | 7.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62957 (Thebes, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $78,244 |
| Monthly Rent | $945 |
| Price-to-Rent | 6.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.5% |
| Cap Rate | 9.4% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | -2.9% ▼ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.4%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62957
Population: 669
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
Investor Insight: With 977 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How should investors approach Thebes, IL?
Investors who focus on value-add and BRRRR deals typically do well in Thebes, IL. The numbers - $78K homes against $945/mo rents - support that play.
What is the average home sale price in Thebes, IL?
Median home price in Thebes, IL is near $78K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Is house hacking profitable in Thebes, IL?
House hacking in Thebes, IL is an attractive. With home values around $78K and rents at $945/mo, owner-occupants can offset a meaningful share of PITI.
Is Thebes, IL good for BRRRR investors?
BRRRR works a strong in Thebes, IL. With $78K ARVs and $945/mo rents, investors who buy right can refinance out most of their capital.
Is Thebes, IL a good market for buy-and-hold investors?
With a 4.0/5 investability score, Thebes, IL ranks as a solid market for rental property investors. Median prices of $78K and rents of $945/mo drive the underlying numbers.
You know 62957 now. You don’t know where it ranks.
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How 62957 ranks in Cape Girardeau, MO-IL
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