Location: Henderson County, IL | Metro: Henderson County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 61425 in Henderson County, Illinois, reveals several key insights. The HUD Fair Market Rent (FMR) for the Henderson County metro area is set at $950 for fiscal year 2026. This figure is notably higher than the market rent reported by the Census American Community Survey (ACS), which stands at $701. Given this comparison, it's clear that voucher tenants will generally cashflow at the FMR rate, providing a positive financial outlook for landlords and small-portfolio investors.
To further understand the rental dynamics, let's consider the rent-to-price ratio. The median home value for ZIP 61425 is not available, indicating a potential scarcity of data on residential property values in the area. However, we can infer that the relatively low market rent compared to the FMR suggests a favorable environment for those who wish to invest in rental properties through the Section 8 program. The higher rental rates supported by vouchers mean that investors can expect to see positive cash flow from their units without necessarily having to seek out premium housing options.
In terms of days on market (DOM) and price-cut shares, both figures are also not available for ZIP 61425. This absence of data could imply that the rental market is stable, with few listings remaining unsold for extended periods or requiring significant price reductions. Stability in the rental market is crucial for investors relying on steady income streams from their properties.
The strongest investor angle in ZIP 61425 is likely to be cashflow. With the HUD FMR significantly above the market rent, landlords can expect to see a positive cashflow position when renting to voucher holders. This makes the area attractive for those looking to generate reliable monthly income from their investments.
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.