Location: Livingston County, IL | Metro: Livingston County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 60920 in Livingston County, Illinois, reveals a favorable environment for rental properties. The HUD Fair Market Rent (FMR) for the Livingston County metro area is set at $1,090 for fiscal year 2026. In comparison, the Census ACS reports an average market rent of $975 for the same region.
This discrepancy indicates that voucher tenants in ZIP 60920 can generate positive cash flow at the HUD FMR rate. Landlords can expect a margin of approximately $115 per unit above the market rent, which is significant given the relatively low market rent in this area. This margin allows for covering property management costs, maintenance, and other expenses while still achieving profitability.
The median home value is not available, making it challenging to derive a precise rent-to-price ratio. However, the absence of this data does not significantly impact the decision-making process for investors focused primarily on rental income. The strong cash flow potential from Section 8 vouchers compensates for the lack of detailed home value metrics.
The days on market (DOM) and price cut share percentages are also not available, but these figures typically influence the rent-versus-buy dynamics. Given the current data, it's reasonable to assume that the rental market is stable, with limited fluctuations in vacancy rates or rental prices. The positive cash flow generated by voucher tenants suggests that the rental market is robust enough to support consistent occupancy.
The strongest investor angle in ZIP 60920 is cash flow. With the HUD FMR exceeding the average market rent, landlords can secure reliable income streams from Section 8 tenants without the need for premium units. This makes the area particularly attractive for small-portfolio investors seeking steady returns on their investment properties.
Data Sources: FMR data from HUD (2027). 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.