Real Estate Investing in Marion, Illinois (62959)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62959 (Marion, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
What’s happening in Marion, IL (62959)?
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Market Analysis: 62959 Marion
Investors eyeing 62959 need to respect the fundamentals at play. Home values of $184K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62959 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader IL picture, 62959 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A notable renter share of 30% in 62959 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Marion's stable or hybrid ZIPs before stepping into 62959. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Marion:
Property Strategy for 62959
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $196,566 | $1,350 | 4.9% | +7.8% | $65,522 |
| 4BR | $287,648 | $1,390 | 3.5% | +8.3% | $71,912 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 62959 Compare?
| Metric | 62959 | Marion | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $184,283 | $184,283 | N/A | $279,761 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 6.6% |
| Avg Rent | $1,065 | $1,065 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62959 (Marion, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,283 |
| Monthly Rent | $1,065 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 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 (4.5%). 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 62959
Population: 27,779
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 62959
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 611 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How quickly do rentals get leased in Marion, IL?
Marion, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are rents high in Marion, IL?
The typical rental in Marion, IL commands about $1,065/mo monthly. That rent profile measured cash flow against the $184K purchase basis.
Is IL a landlord-friendly state?
For rental operators, Marion, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What strategy should investors use in Marion, IL?
Marion, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($184K prices, $1,065/mo rents) make it a reasonable choice.
How strong is Marion, IL for real estate investors?
Yes - Marion, IL a 3.0/5 investability score. With $184K home prices against $1,065/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 62959 now. You don’t know where it ranks.
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How 62959 ranks in Carbondale-Marion, IL
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