Location: Warren County, IL | Metro: Henderson County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 61418 reveals a unique balance between yield and stability that may interest both landlords and small-portfolio investors. With a Fair Market Rent (FMR) of $940 for the fiscal year 2026, the area stands out compared to the local market rent of $1,080, indicating a potential for higher rental yields when considering the cost of living adjustments.
However, the lack of data on home values suggests that there may be limited opportunities for traditional real estate investment through property appreciation. This absence of home value data points towards a rental-focused market rather than an owner-occupied one, which can still provide solid returns if managed correctly.
Stability in the area is influenced by several factors. The percentage of renters at 16.9% is relatively low, suggesting a mix of homeowners and renters. This figure alone does not indicate instability; however, it is crucial to consider alongside other metrics. The median income of $84,375 provides insight into the financial health of residents, which is generally positive for maintaining stable rental payments. However, without knowing the average days on market (DOM), it's challenging to fully assess the stability of the housing market.
Given these figures, ZIP 61418 leans towards being a steady-cashflow zone. The FMR and market rent suggest that rental properties can generate consistent income, especially if they are priced closer to the FMR. The median income supports the likelihood of timely rent payments, which is key for steady cash flow. While the percentage of renters is lower, this could mean less competition among landlords and potentially more long-term tenants, enhancing stability.
In conclusion, investors should focus on the rental aspect of the market in ZIP 61418, leveraging the difference between the FMR and market rent to achieve favorable yields. The strong median income supports the stability of the cash flow, making it a viable option for those seeking reliable rental income over speculative property flips.
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.