Location: Bureau County, IL | Metro: Davenport-Moline-Rock Island, IA-IL MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $65,905 | 1.56% | A+ |
| 3BR | $1,350 | $89,354 | 1.51% | A+ |
| 4BR | $1,640 | $110,386 | 1.49% | A |
U.S. Census Bureau data (2024)
The ZIP code 61443, located in Kewanee, IL, presents an interesting balance between yield and stability for Section 8 real-estate investments. With a Fair Market Rent (FMR) of $860 for fiscal year 2024, it stands above the local market rent of $800. This indicates a higher potential rental income compared to non-subsidized tenants. The median home value of $76,308 is relatively low, suggesting that flipping properties might be less profitable due to limited appreciation potential.
In terms of stability, the ZIP code has a significant portion of its population renting—29.1%—which aligns well with the demand for subsidized housing. However, the lack of data on the number of days on market (DOM) and the average income of $52,615 provide a mixed picture. While the percentage of renters is high, indicating a stable tenant base, the absence of DOM data means there's uncertainty about how quickly units can be filled. Additionally, the average income figure suggests that many residents rely heavily on subsidies, which can be a positive factor for maintaining occupancy rates.
To classify this market, we must consider both yield and stability. The higher FMR compared to the market rent and the low median home value point towards a scenario where landlords can achieve better yields without the risk associated with flipping properties. The substantial rental rate and the reliance on subsidies contribute to a steady cash flow, though the stability is somewhat compromised by the lack of DOM data.
Based on these figures, ZIP 61443 is best described as a steady-cashflow zone. The key drivers for this classification are the favorable FMR-to-market rent ratio and the high percentage of renters. Despite the low median home value and the reliance on subsidies, these factors do not necessarily detract from the overall stability of cash flow, making it a reliable option for landlords and small-portfolio investors seeking consistent returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.