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Market MapCharleston, IL
Metropolitan Area

Charleston, IL

Illinois03 counties
76
/100
Strong Buy
#56 of 894 metros
Top 6% nationally for investing

Market Snapshot

$140,001
Median Home Price
43% below national median
$844/mo
Median Rent
39% below national median
7.23%
Rent-to-Price Ratio
Top 23% nationally
-$185
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$140,001
Down Payment (20%)$28,000
Loan Amount$112,001
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$844
Monthly P&I-$734
Est. Expenses (35%)-$295
Net Cash Flow-$185/mo
4.7%
Cap Rate (all cash)
-6.9%
Cash-on-Cash Return
7.23%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.7% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
76/100
76
Cash Flow(30%)
72/100

Based on 7.23% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
89/100

Based on 6.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
100/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (7.23%)
  • +Strong price appreciation (+6.0% YoY)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Negative leverage (cap rate 4.7% < mortgage rate 6.9%)

Counties in Charleston, IL

Best Overall
Berkeley
SC - Score: 55
Most Affordable
Dorchester
SC - Score: 54
Verdict
BerkeleySC
231,41955$365,648$1,9236.31%HoldView
DorchesterSC
162,13954$343,672$1,7055.95%HoldView
CharlestonSC
409,84039$597,567$2,0274.07%AvoidView

Click any county to see detailed investment analysis

Compare to Similar Metros

Metro AreaVerdict
Decatur, IL
Decatur, IL
85$118,242$1,02110.36%Strong BuyView
Paducah, KY
Paducah, KY
82$165,710$1,2919.35%Strong BuyView
Indiana, PA
Indiana, PA
82$158,790$1,37610.40%Strong BuyView
Connersville, IN
Connersville, IN
82$158,083Est.Strong BuyView
Enid, OK
Enid, OK
81$137,435$1,0769.39%Strong BuyView
Current
Charleston, IL
76$140,001$8447.23%Strong Buy

The Bottom Line

Strong BuyCharleston, IL is a strong buy market with excellent fundamentals for buy-and-hold investors.

The Charleston, IL metro area scores 76/100, ranking #56 of 894 US metros (top 6%). The 7.23% rent-to-price ratio indicates moderate cash flow potential. Among 3 counties, Berkeley shows the strongest investment potential (score: 55).

Monthly Cash Flow
$-185/mo
Cap Rate
4.7%
Cash-on-Cash
-7.9%

Ready to Invest in Charleston, IL?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

Single Family1-4 unit rentalsHouse HackOwner-occupiedMultifamily5+ unit propertiesBest CountyBerkeley
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