Location: Warren County, IL | Metro: Henderson County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 61453 in the fiscal year 2026 is set at $980. This figure represents the payment standard for Section 8 rentals, which means it's the maximum amount the Housing Choice Voucher program will pay to cover a tenant's rent. It's important to note that this is not the rent you would charge your tenants directly; rather, it's the benchmark used by the government to determine what they'll contribute towards the rent.
To put this into perspective, the average rent in ZIP 61453 is currently at $920, according to recent Census Bureau American Community Survey data. This indicates that the FMR is slightly above the average market rate, which can be beneficial for landlords who might otherwise struggle to find tenants willing to pay higher rents.
The renter share in this area is 13.6%, meaning that nearly 14 out of every 100 residents are renters. This suggests a steady demand for rental properties, especially those that fall within the price range covered by the Section 8 program. With an average household income of $117,163, potential buyers of rental properties in this area might find the acquisition cost relatively high compared to other regions, but the demand for affordable housing could offset this initial investment.
If you're considering your first Section 8 rental in ZIP 61453, there's one critical factor to verify before proceeding: ensure that your property meets all the necessary requirements and standards set by the local housing authority. This includes passing inspections and being aware of any additional regulations that might affect your rental agreement.
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.