Location: Knox County, IL | Metro: Knox County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 61436 stands out due to its relatively low number of residents at 745, with 13.0% of them renting their homes. The median income for this area is reported at $76,000, which indicates a middle-class community. However, the lack of data regarding the median home value suggests that homeownership might be less prevalent or that there's limited housing stock available for sale.
Moving onto the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,200. This figure is crucial for landlords and small-portfolio investors because it represents the benchmark rent level for Section 8 vouchers. Despite the FMR being established, the absence of market rent data for ZIP 61436 means that landlords should closely monitor local rental trends to ensure they are pricing their properties competitively while adhering to the Section 8 guidelines.
Given the data signature of ZIP 61436, the area can be characterized as stable. With a modest rental population and a defined median income, the economic conditions are predictable, which is favorable for long-term investment planning. However, the limited data on home values and market rents imply a transitional aspect, suggesting that changes in the housing market could impact the stability of the area in the future. Landlords and investors should remain vigilant about local economic indicators and housing market dynamics to make informed decisions.
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.