Location: Rockford, IL | Metro: Rockford, IL MSA
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 | $1,090 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,070 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,570 | $190,413 | 0.82% | C |
| 3BR | $2,070 | $301,451 | 0.69% | D |
| 4BR | $2,110 | $381,436 | 0.55% | F |
| 5BR | $2,448 | $445,701 | 0.55% | F |
U.S. Census Bureau data (2024)
1370 is the Fair Market Rent (FMR) for ZIP 61073, Roscoe, IL, as set by HUD for fiscal year 2024. This figure represents the maximum amount a landlord can charge for a Section 8 voucher in the area. In comparison, the Census ACS reports a market rent of 1441, indicating that the actual rental prices slightly exceed the government-set limit. The median home value in Roscoe stands at 303666, providing a benchmark for property values in the region. With a renter share of 19.7%, it's clear that nearly one-fifth of the population in Roscoe rents their homes, suggesting a moderate demand for rental properties. The median income of 102064 gives insight into the financial capacity of local residents, which is important for assessing potential tenant affordability. While the days on market (DOM) is listed as N/A, this could imply either a robust sales market or a lack of recent data. The price-cut share of 0.1% indicates that very few sellers are reducing their asking prices, signaling a stable housing market where property values remain firm. For landlords and small-portfolio investors, these numbers paint a picture of a balanced market where Section 8 vouchers can be effectively utilized without significant risk of reduced rental income. The verdict on Section 8 in Roscoe, IL, is positive, given the alignment between FMR and market rents, coupled with the stable median home values and modest price-cut share.
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.