Location: Warren County, IL | Metro: Henderson County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The ZIP code 61447 stands out due to its unique demographic and economic characteristics. With a population of just 1,020 residents, it has a relatively low rental rate at 18.8%, indicating that most residents own their homes. The median income of $82,583 suggests a middle-class community, while the median home value of $98,973 reflects a modest property market.
In terms of voucher economics, the Federal Market Rent (FMR) for ZIP 61447 is set at $960 for fiscal year 2026, which is slightly higher than the current market rent of $938 based on Census ACS data. This indicates that landlords who accept Section 8 vouchers can expect to receive close to market rates, with a small premium.
The data signature for ZIP 61447 reads as stable. The low rental rate combined with a modest median home value and median income points towards a community where homeownership is prevalent and rental demand is limited. Landlords should be aware that the slight increase in FMR over market rent may attract some tenants, but the overall market conditions suggest a steady state rather than rapid change or growth.
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.