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 | $840 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $139,670 | 0.8% | C |
| 3BR | $1,480 | $184,823 | 0.8% | C |
U.S. Census Bureau data (2024)
41.1% of the population in ZIP 61282, Silvis, IL, are renters, indicating a significant demand for rental properties. The $155,127 median home value suggests that homeownership is relatively affordable compared to many other areas across the United States. However, the $990 Fair Market Rent (FMR) for zip code FY 2024 is notably higher than the $968 reported by the Census Bureau's American Community Survey for the market rent, highlighting a slight premium for government-subsidized housing. This gap could be due to the cost structure of maintaining rental properties in the area or the specific requirements set by the Housing Choice Voucher program.
$64,398 is the median income for residents in this ZIP code, which is lower than the national average. This figure plays a crucial role in determining the eligibility of tenants for the Section 8 program, as it helps gauge the financial needs of the local populace. Given the N/A-day days on market (DOM) and N/A% price-cut share, there appears to be limited data on how quickly properties sell and at what discount, suggesting that the real estate market in Silvis, IL, might be stable or less active compared to other regions.
The disparity between the FMR and the market rent, combined with the high renter share and moderate median income, points to a scenario where Section 8 vouchers can provide substantial support to tenants. For landlords and small-portfolio investors, this means that participating in the Section 8 program could ensure steady rental income, albeit at a rate slightly below the fair market rent. It also implies that the risk of vacancies might be lower given the strong demand for rentals and the availability of subsidies to help cover the costs.
Based on these figures, the verdict for Section 8 participation in ZIP 61282 is positive, offering a reliable tenant pool and consistent income streams for property owners.
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.