Location: Davenport-Moline-Rock Island, IA | Metro: Davenport-Moline-Rock Island, IA-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 | $740 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $121,025 | 0.85% | C |
| 3BR | $1,350 | $171,709 | 0.79% | D |
| 4BR | $1,640 | $221,293 | 0.74% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 61244, which includes East Moline, IL, is set at $880 per month for fiscal year 2024. This figure represents the maximum amount that the U.S. Department of Housing and Urban Development (HUD) will pay to cover the rent portion of a Section 8 voucher. It is important to note that this is not the rent you will charge your tenants; it is the reimbursement standard for landlords participating in the Section 8 program.
In comparison, the local market rent, also known as the ZORI (Zillow Observed Rent Index), stands at $975 per month. This indicates that while you can potentially charge slightly above the FMR, the HUD reimbursement will still be capped at $880. The difference must be made up by the tenant, who pays the balance between the FMR and the actual rent charged.
The 33.0% renter share suggests that a significant portion of the population in East Moline is租房者。这意味着对于那些寻求Section 8住房的人，需求是强劲的。然而，作为房东，你需要确保你的租金要求合理，并且与市场的实际情况相匹配。 至于购买房产的成本，以中位数房价$142,982为例，这表明在东莫林，投资一个适合Section 8项目的房产是相对经济实惠的。然而，在做出最终决定之前，有一件重要的事情需要验证：确认你选择的房产符合所有适用的Section 8计划的质量和安全标准。这意味着必须通过定期检查，包括但不限于房屋维护、卫生条件和结构完整性，以确保符合政府的要求。 总结来说，如果你正在考虑在ZIP代码61244（伊利诺伊州东莫林）提供第一个Section 8租赁项目，你应该清楚地知道FMR $880意味着每月最高报销金额，而当地的ZORI为$975，显示了市场租金水平。租户占人口的33%，表明需求量大，但务必确保房产满足所有必要的质量标准，这是参与此计划的关键一步。
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.