Real Estate Investing in Makanda, Illinois (62958)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62958 (Makanda, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Makanda, IL (62958)?
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Market Analysis: 62958 Makanda
Investors eyeing 62958 need to respect the fundamentals at play. Home values of $200K come alongside slower price movement and elevated management overhead.
The investment case in 62958 is durable only for operators who understand what they are buying. A $200K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 62958'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.
Employment concentration in 62958 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 62958 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Makanda:
Market Trends
Home Value History (with trend line)
📊 How Does 62958 Compare?
| Metric | 62958 | Makanda | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $200,035 | $200,035 | N/A | $279,761 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 6.6% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62958 (Makanda, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $200,035 |
| Monthly Rent | $891 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +13.8% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (3.5%). 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 62958
Population: 2,069
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 974 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of tenants rent in Makanda, IL?
Makanda, IL offers a predictable renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is rental property easy to operate in Makanda, IL?
The landlord environment in Makanda, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What price range are homes in Makanda, IL?
Median home price in Makanda, IL is near $200K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What are vacancy rates like in Makanda, IL?
Vacancy in Makanda, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $891/mo.
Can I live-in-and-rent in Makanda, IL?
House hacking in Makanda, IL is a challenging. With home values around $200K and rents at $891/mo, owner-occupants can offset a meaningful share of PITI.
You know 62958 now. You don’t know where it ranks.
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How 62958 ranks in Carbondale-Marion, IL
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