Section 8 Fair Market Rent (FMR) for ZIP 61332 - 2027

Location: La Salle County, IL | Metro: La Salle County, IL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$800
2 Bedrooms	$1,040
3 Bedrooms	$1,350
4 Bedrooms	$1,670
5 Bedrooms	$1,937
6 Bedrooms	$2,169
7 Bedrooms	$2,343
8 Bedrooms	$2,460

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

104

Median Household Income

$50,313

Housing Units

Renter Percentage

14.3%

Occupancy Rate

80.3%

Renter Occupied

The ZIP code 61332, located in the heart of Illinois, is a stable market with a mix of residential properties that cater to both homeowners and renters. The area is characterized by its suburban charm, offering a quiet living environment with easy access to urban amenities.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,070.
The average market rent for properties in ZIP 61332, based on Census American Community Survey (ACS) data, stands at $942.
Renters make up 14.3% of the housing stock in this area, indicating a significant portion of the population relies on rental properties.
The median household income in ZIP 61332 is $50,313, providing insight into the financial capability of potential tenants.
Note: Median home value data is currently unavailable for this ZIP code.
Note: Days on Market (DOM) data is also not available for this ZIP code.

Analyzing these data points, investors can see that the ZIP code 61332 offers a moderate rental market with a fair balance between the cost of living and tenant affordability. The gap between the Fair Market Rent and the actual market rent suggests potential for modest rent increases without alienating the tenant base. With a notable percentage of renters and a median income that aligns well with the rental costs, this area presents a reliable investment opportunity for those looking to enter the real estate market with a focus on rental properties. However, the lack of median home value and DOM data indicates a need for further research to fully understand the dynamics of property sales and turnover rates in the area.

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.