Location: Livingston County, IL | Metro: La Salle County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
29.8% of residents in Streator, IL, rely on rental housing, indicating a steady demand for properties in ZIP 61364. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, which is notably lower than the market rent of $1,153 as measured by ZORI. This suggests that landlords can potentially attract tenants through participation in the Section 8 program without significantly compromising their revenue expectations. The median home value stands at $122,608, making it an accessible market for both homeowners and investors looking to enter with a relatively low capital investment. With a median income of $59,060, the local economy supports a diverse range of renters who could benefit from subsidized housing options. Properties in Streator typically spend 57 days on the market before receiving an offer, and only 0.2% of listings require price cuts, reflecting a strong market where well-priced and maintained rentals can quickly find takers. For those considering Section 8, the gap between the FMR and market rent provides a compelling opportunity to secure long-term tenants while maintaining property occupancy and cash flow. In conclusion, the data paints a picture of a stable rental market with favorable conditions for Section 8 participation.
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.