Location: Livingston County, IL | Metro: Livingston County, IL
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,130 | $132,862 | 0.85% | C |
| 3BR | $1,400 | $191,746 | 0.73% | D |
| 4BR | $1,510 | $206,290 | 0.73% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 60460, Odell, IL, reveals a favorable environment for rental properties. The HUD Fair Market Rent (FMR) for the Livingston County metro area, effective in fiscal year 2026, is set at $1,230. This figure is significantly higher than the market rent reported by the Census ACS, which stands at $932. Given these numbers, landlords can expect to cashflow comfortably when accepting Section 8 vouchers, as the HUD FMR exceeds the local market rent by $298 per month.
To further understand the investment potential, we can look at the median home value in the area, which is $179,660. This translates into a rent-to-price ratio of approximately 0.51%, calculated by dividing the annual market rent ($932 * 12) by the median home value. A low rent-to-price ratio indicates that the cost of renting is relatively cheap compared to buying, suggesting strong demand for rental properties over homeownership. However, the lack of specific data on days on market (DOM) and the percentage of price cuts (N/A) means that these factors do not significantly impact the current analysis.
In conclusion, the strongest investor angle in ZIP 60460 is cashflow. With the HUD FMR well above the market rent, landlords can secure a steady income stream from voucher tenants without the need for premium units. This makes Section 8 investments particularly attractive in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.