Location: Iroquois County, IL | Metro: Ford County, IL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
ZIP 60927, located in Iroquois County, IL, serves as a strong cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,020, which exceeds the current market rent of $844. This creates a positive spread that ensures steady cash flow for landlords participating in the Section 8 program.
The median home value in ZIP 60927 is $214,091. When combined with the higher FMR compared to market rents, this ZIP code provides a reliable source of income that can offset potential risks associated with other parts of a real estate portfolio. Landlords and small-portfolio investors can count on the guaranteed rental payments through the Housing Choice Voucher Program, which helps stabilize their overall financial situation.
This ZIP code does not present significant opportunities for appreciation, as there is no data indicating a high price-cut share or short days on market (DOM). Instead, it offers a solid foundation for those looking to build a consistent revenue stream. Additionally, with a renter share of 18.5%, it indicates a moderate demand for rental properties, making it a suitable location for landlords who wish to maintain a balanced portfolio without overexposure to any single type of investment risk.
The median income figure of $102,143 in ZIP 60927 suggests that residents have sufficient financial stability to benefit from the Section 8 program, thereby reducing the likelihood of tenant default. This further strengthens the case for using this ZIP code as a cash-flow anchor, as it minimizes the financial burden on landlords while ensuring they receive regular rental income.
In conclusion, ZIP 60927 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. Its favorable FMR-to-market rent ratio and stable median income levels provide landlords with a predictable and secure source of income, essential for maintaining a healthy and diversified investment portfolio.
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.