Real Estate Investing in Pittsburg, Illinois (62974)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62974 (Pittsburg, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.9% 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 Pittsburg, IL (62974)?
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Market Analysis: 62974 Pittsburg
Investors eyeing 62974 need to respect the fundamentals at play. Home values of $159K come alongside slower price movement and elevated management overhead.
For an experienced owner, 62974 can be a a strong candidate for hunting ground — but the discount at $159K reflects genuine risk that outside investors often underestimate.
In the broader IL picture, 62974 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 62974 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 62974 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 Pittsburg:
Market Trends
Home Value History (with trend line)
📊 How Does 62974 Compare?
| Metric | 62974 | Pittsburg | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $158,765 | $158,765 | N/A | $279,761 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 6.6% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62974 (Pittsburg, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $158,765 |
| Monthly Rent | $945 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.6%). 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 62974
Population: 1,648
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 62974
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.
Frequently Asked Questions
How much is rent in Pittsburg, IL?
Rents in Pittsburg, IL run near $945/mo. Compared with median home prices of $159K that produces solid gross yields for typical rentals.
Are landlord laws favorable in Pittsburg, IL?
Pittsburg, IL operates under IL law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
Is Pittsburg, IL a good market for buy-and-hold investors?
Our data puts Pittsburg, IL at 3.0/5 for investability. Home prices of $159K and rents around $945/mo create a solid backdrop for investor activity.
Is vacancy a concern in Pittsburg, IL?
Rental vacancy in Pittsburg, IL is elevated. Investors should budget normal turnover but not chronic empty units.
How viable is house hacking in Pittsburg, IL?
House hacking in Pittsburg, IL is a challenging. With home values around $159K and rents at $945/mo, owner-occupants can offset a meaningful share of PITI.
You know 62974 now. You don’t know where it ranks.
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How 62974 ranks in Carbondale-Marion, IL
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