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 | $780 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $213,074 | 0.49% | F |
| 3BR | $1,390 | $280,180 | 0.5% | F |
| 4BR | $1,690 | $408,547 | 0.41% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 61275, which includes Port Byron, IL, is set at $910 per month for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not the actual rent you'll receive; it's the cap on the rent subsidy provided by the government.
In comparison, the average rent for the area, according to recent Census American Community Survey (ACS) data, is $1,005 per month. This suggests that while the FMR is slightly lower than the market rate, it still provides a reasonable income stream for landlords participating in the Section 8 program.
The 10.6% share of renters in Port Byron indicates a moderate demand for rental housing. Although this percentage is relatively low, it still represents a significant portion of the population that could benefit from Section 8 vouchers, thus potentially stabilizing your tenant pool.
When acquiring a property for a Section 8 rental, the median home value in the area is around $300,567. This gives you an idea of the investment required to enter the market. While the initial cost might seem high, the long-term benefits of having a steady income source through the Section 8 program can outweigh the upfront expenses.
Before making the decision to participate in the Section 8 program with a rental in ZIP 61275, it's crucial to verify that your property meets the necessary inspection criteria. The Housing Quality Standards (HQS) inspection ensures that your property is safe and livable, which is a requirement for accepting Section 8 tenants. This step is non-negotiable and will determine whether your property is eligible for the program.
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.