Location: Livingston County, IL | Metro: Livingston County, IL
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 | $680 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $980 | $140,786 | 0.7% | D |
| 3BR | $1,210 | $201,937 | 0.6% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP 61319 (Cornell, IL, Livingston County County, Livingston County, IL metro) shows that voucher tenants cashflow at Fair Market Rent (FMR) levels. The HUD FMR for the area is set at $980 per month for fiscal year 2026, while the market rent, according to Census ACS data, is $900. This means that landlords who accept Section 8 vouchers will see a positive cashflow of $80 per unit, assuming they are renting at market rates.
To derive the rent-to-price ratio, we use the median home value of $169,962. At a market rent of $900, the annual rent is $10,800, resulting in a rent-to-price ratio of approximately 6.36%. This indicates that the rental income represents a significant portion of the property's value, making it attractive for investors seeking rental income.
Regarding the days on market (DOM) and price-cut share, the data is not available for ZIP 61319. However, these metrics are crucial for understanding the rent-vs-buy dynamics. If DOM is low and the price-cut share is minimal, it suggests that the housing market is stable and that rental properties are in high demand, further supporting the investment case for Section 8 properties.
The strongest investor angle in ZIP 61319 is cashflow. Given the positive difference between the HUD FMR and the market rent, landlords can expect steady and reliable income from voucher tenants without the need for premium units. This makes the area particularly appealing for those focused on generating consistent rental revenue.
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.