Real Estate Investing in Hull, Illinois (62343)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62343 (Hull, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.2% of homes vacant — above national norms.
• 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 Hull, IL (62343)?
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Market Analysis: 62343 Hull
In practical terms, ZIP 62343 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $95K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62343 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Hull have seen price recovery that 62343 has not matched. Pike County data supports the view that the spread is structural rather than temporary.
Who lives in 62343 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 62343 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Hull:
Market Trends
Home Value History (with trend line)
📊 How Does 62343 Compare?
| Metric | 62343 | Hull | Illinois |
|---|---|---|---|
| Home Value | $94,702 | $94,702 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 6.8% | 6.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62343 (Hull, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $94,702 |
| Monthly Rent | $828 |
| Price-to-Rent | 9.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.5% |
| Cap Rate | 6.8% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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%) is close to the estimated cap rate (6.8%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62343
Population: 726
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
How do experienced investors play Hull, IL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Hull, IL. The numbers - $95K homes against $828/mo rents - support that play.
How much is rent in Hull, IL?
Rents in Hull, IL run near $828/mo. Compared with median home prices of $95K that produces solid gross yields for typical rentals.
How strong is tenant demand in Hull, IL?
Hull, IL draws a stable base of working renters. Demand at the $828/mo rent level is reasonable for standard single-family and small multi rentals.
Is Hull, IL a good market for FHA house hackers?
Hull, IL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $95K price point reasonable to enter.
What is the typical vacancy rate in Hull, IL?
Occupancy in Hull, IL runs measured with elevated vacancy. Well-priced units at $828/mo lease on reasonable timelines.
You know 62343 now. You don’t know where it ranks.
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