Location: Whiteside County, IL | Metro: Carroll 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 | $700 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,230 | $163,360 | 0.75% | D |
U.S. Census Bureau data (2024)
The ZIP code 61064 stands out due to its unique demographic and economic characteristics. With a population of 3,757 residents, it has a rental rate of 30.4%, indicating a significant portion of the community opts for leasing rather than owning homes. The median income in this area is $75,386, which is relatively high compared to national averages, while the median home value sits at $160,769, suggesting homeownership is valued but also comes at a premium.
When examining the Section 8 voucher economics, the Fair Market Rent (FMR) for fiscal year 2026 is set at $1,030 per month, which is notably higher than the current market rent of $878 as reported by the Census Bureau's American Community Survey. This discrepancy means that landlords and small-portfolio investors can expect to receive slightly above-market rents through Section 8 vouchers, making it an attractive option for those seeking stable rental income without the risk of vacancy.
The data signature for ZIP 61064 reads as "stable." Despite the relatively high median home values, the presence of a substantial rental market, combined with a decent median income, suggests a balanced environment where both renters and owners coexist. The higher FMR compared to the actual market rent further supports this stability, as it ensures that tenants receiving vouchers can afford the local housing costs. For landlords, this means consistent demand for rental properties and the financial security of government-backed payments.
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.