Gross rental yield of 10.81% — ranked #24 of 279 Illinois ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +2.6% | +26.1% |
| Market rent | +3.6% | — |
Metro: St. Louis, MO-IL · County: Madison County · Annual rent: $13,272
Similar home values, sorted by yield — the cheapest way to see if 62040 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 61101 | Rockford | IL | $118,194 | $1,358 | 13.78% | 7.3 | +14.1% |
| 61102 | Rockford | IL | $124,595 | $1,406 | 13.55% | 7.4 | +10.7% |
| 61606 | Peoria | IL | $126,966 | $1,251 | 11.82% | 8.5 | -0.8% |
| 62948 | Herrin | IL | $117,644 | $1,006 | 10.26% | 9.7 | -3.4% |
| 62002 | Alton | IL | $122,174 | $996 | 9.78% | 10.2 | +5.9% |
| 62521 | Decatur | IL | $123,560 | $971 | 9.43% | 10.6 | +8.4% |
| 61201 | Rock Island | IL | $128,430 | $918 | 8.57% | 11.7 | +0.9% |
| 61938 | Mattoon | IL | $124,243 | $884 | 8.53% | 11.7 | +4.3% |
Top rental yields in all of Illinois →
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