Real Estate Investing in Alto Pass, Illinois (62905)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62905 (Alto Pass, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 25.4% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.4% CAGR).
• 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 Alto Pass, IL (62905)?
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Market Analysis: 62905 Alto Pass
ZIP 62905 in Alto Pass, IL carries a notable set of headwinds. Home values near $174K and rents of $828/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 62905 can be a a strong candidate for hunting ground — but the discount at $174K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Alto Pass have seen price recovery that 62905 has not matched. Union County data supports the view that the spread is structural rather than temporary.
The 62905 ZIP's population of 741 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Strategically, 62905 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Alto Pass:
Market Trends
Home Value History (with trend line)
📊 How Does 62905 Compare?
| Metric | 62905 | Alto Pass | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $173,750 | $173,750 | N/A | $279,761 |
| 5-Year CAGR | 0.4% | 0.4% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62905 (Alto Pass, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $173,750 |
| Monthly Rent | $828 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 4.1% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | -2.0% ▼ |
| 5-Year CAGR | +0.4% ▲ |
| 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 (3.7%). 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 62905
Population: 741
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
Frequently Asked Questions
What is the typical vacancy rate in Alto Pass, IL?
Alto Pass, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How strong are rents in Alto Pass, IL?
Investors in Alto Pass, IL typically see rents near $828/mo per month against $174K home values - a solid setup for rental cash flow.
What kind of tenants rent in Alto Pass, IL?
Tenant quality in Alto Pass, IL ranks as solid. Landlords generally report measured occupancy at market rents of $828/mo.
Is house hacking profitable in Alto Pass, IL?
House hacking works a challenging in Alto Pass, IL. Rents of $828/mo against $174K acquisition make the strategy solid for owner-occupants.
What is the best play in Alto Pass, IL?
For Alto Pass, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 62905 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62905 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 62905 ranks in Carbondale-Marion, IL
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