Location: Warren County, IL | Metro: Davenport-Moline-Rock Island, IA-IL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
The ZIP code 61412 has a population of 1,392 residents, with 12.5% of them being renters. This indicates that the area is primarily homeowner-dominated rather than renter-heavy. The median household income stands at $82,143, which is significantly higher than the typical market rent of $920. In fact, the market rent consumes only about 11% of the local median income. When compared to the Fair Market Rent (FMR) of $860 for fiscal year 2024, the actual market rent in ZIP 61412 is slightly above the FMR.
This suggests that while there might be some demand for rental properties, it is not deeply rooted in a high concentration of renters. Additionally, the scarcity of vouchers is likely due to the lower percentage of renters and the relatively higher income levels in the area.
A landlord in ZIP 61412 can expect tenants who are financially stable and capable of paying rent without relying heavily on housing vouchers. These tenants will likely have a strong preference for quality living conditions and may be willing to pay a premium for well-maintained properties. Landlords should focus on providing value through property amenities and maintenance to attract these stable renters.
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.