Location: Livingston County, IL | Metro: Livingston County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 61313 is not predominantly a renter-heavy area. With only 10.2% of the population renting, it indicates that the majority of residents in this area own their homes. The median household income stands at $121,979, which is quite high compared to the national average.
Given the lack of specific market rent data for ZIP 61313, we cannot directly calculate what percentage of local income goes towards typical rent. However, we can compare the median income to the Fair Market Rent (FMR) figure provided, which is $1,040 for the metro area for fiscal year 2026. At this FMR rate, a household would spend approximately 8.5% of their income on rent, which is relatively low and suggests that even market rents are likely affordable for most residents.
The scarcity of rental units and the higher median income imply that tenants relying on Section 8 vouchers might find it challenging to secure housing in this area. Landlords in ZIP 61313 should anticipate a tenant pool that includes a mix of individuals and families who may be seeking affordable housing options but will likely face competition from those willing to pay market rates.
To summarize, landlords in 61313 should prepare for a tenant profile that consists primarily of low-income individuals and families who are dependent on Section 8 vouchers. These tenants will have a limited budget, with the maximum voucher amount set at $1,040 per month. This figure represents only a small fraction of the median household income in the area, indicating that landlords might need to offer competitive amenities or maintain high standards of property management to attract these tenants in a market where homeownership is prevalent and market rents are affordable for many.
Data Sources: FMR data from HUD (2027). 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.