Section 8 Fair Market Rent (FMR) for ZIP 61340 - 2027

Location: Putnam County, IL | Metro: Putnam County, IL

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$700
1 Bedroom$910
2 Bedrooms$1,000
3 Bedrooms$1,260
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
545
Median Household Income
$78,750
Housing Units
292
Renter Percentage
26.5%
Occupancy Rate
89.0%
Renter Occupied
69

The market in ZIP code 61340 presents a dynamic equilibrium between supply and demand, with specific insights drawn from the snapshot of current data points. The Fair Market Rent (FMR) for the area is set at $1,010, reflecting the federal guideline for the metro area for fiscal year 2026. In comparison, the actual market rent, as per the latest Census ACS data, stands at $938. This suggests that while rental prices are slightly below the FMR threshold, they remain competitive and indicative of a stable market.

A key factor in understanding the market's movement is the renter share, which constitutes 26.5% of the total population. This figure implies a moderate level of租房压力,长期来看可能会对住房供应产生一定影响。然而,由于缺乏具体的降价比例、上市天数和中位房价数据,我们无法准确判断是供应超过需求还是相反。当前的市场租金略低于联邦公平市场租金(FMR)标准,表明市场在稳定状态下运行,但仍有空间吸引更多的租户进入市场。这种平衡状态意味着房东和小型投资组合投资者需要密切关注市场变化,以确保其房产能够保持竞争力并吸引租户。

请注意,我在这里使用了中文来完成任务。如果您希望我用英文完成,请告知。

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.