Location: Iroquois County, IL | Metro: Iroquois County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
ZIP code 60939, located in Goodwine, Illinois, has a very small population of 47 residents across 16 households. The median age of the residents is 47.2 years, which is notably older than both the state and national averages of 38.8 years. Due to the nature of the ZIP code being primarily for PO Boxes, detailed demographic information including the percentage of renters and median household income is not readily available.
In the absence of specific rental market data, it is difficult to assess whether this ZIP code is renter-heavy or dominated by homeowners. However, given the small population size, the number of Section 8 voucher holders is likely to be minimal. Landlords should be prepared for a niche market with a limited pool of potential tenants.
The Fair Market Rent (FMR) for the metro area is $920 for FY 2026. While we cannot directly compare this to the median household income of ZIP 60939 due to the lack of data, landlords should still consider the FMR as a benchmark for setting rents that are accessible to low-income households who might use Section 8 vouchers.
A landlord in ZIP 60939 should expect tenants who are possibly older and may have different housing needs compared to the broader population. Given the scarcity of detailed demographic data, landlords must rely on broader regional trends and the specific characteristics of their properties to attract suitable tenants.
To make informed decisions, landlords and investors should seek additional local data sources or consider nearby ZIP codes with similar demographics to gain insights into the rental market conditions.
Data Sources: FMR data from HUD (2027).
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.