Real Estate Investing in Stonefort, Illinois (62987)
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Should you buy in 62987 (Stonefort, 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: 16.5% 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 Stonefort, IL (62987)?
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Market Analysis: 62987 Stonefort
The 62987 ZIP covers a section of Stonefort that demands careful diligence. Prices near $173K look accessible, but the work to make a deal cash flow is real.
Rent of $837/mo on a $173K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62987 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Stonefort have seen price recovery that 62987 has not matched. Saline County data supports the view that the spread is structural rather than temporary.
The demographic picture in 62987 includes headwinds that any investor should price in. Income distribution skews lower than Stonefort averages, and tenant stability requires active management.
Distressed ZIPs reward experience. sturdy returns are possible in 62987, 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 Stonefort:
Market Trends
Home Value History (with trend line)
📊 How Does 62987 Compare?
| Metric | 62987 | Stonefort | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $172,789 | $172,789 | N/A | $279,761 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 6.6% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62987 (Stonefort, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $172,789 |
| Monthly Rent | $837 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +3.4% ▲ |
🏠 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 (3.8%). 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 62987
Population: 1,592
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
Frequently Asked Questions
How much does a house cost in Stonefort, IL?
Homes in Stonefort, IL typically sell near $173K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
What is it like being a landlord in Stonefort, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Stonefort generally follows the statewide framework, so landlords face reasonable operating rules.
Can owner-occupants cash flow in Stonefort, IL?
Stonefort, IL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $837/mo rent level.
What monthly rent should investors expect in Stonefort, IL?
Rental rates in Stonefort, IL average $837/mo. Tenant demand and $173K home values make the yield look reasonable by investor standards.
What kind of tenants rent in Stonefort, IL?
Stonefort, IL offers a steady renter base at the $837/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 62987 now. You don’t know where it ranks.
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How 62987 ranks in Carbondale-Marion, IL
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