Location: McDonough County, IL | Metro: McDonough County, IL
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 | $650 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $720 | $47,593 | 1.51% | A+ |
| 2BR | $940 | $73,035 | 1.29% | A |
| 3BR | $1,200 | $118,109 | 1.02% | B |
| 4BR | $1,570 | $154,639 | 1.02% | B |
| 5BR | $1,821 | $161,832 | 1.13% | B |
U.S. Census Bureau data (2024)
The ZIP code 61455, located in Macomb, Illinois, stands out due to its unique mix of demographics and housing values. With a total population of 17,317, it has a significant rental market share at 45.1%, indicating that nearly half of the residents are renters. The median income here is $48,679, which is relatively modest compared to the median home value of $105,385, suggesting that homeownership may be somewhat challenging for many local residents.
Moving into the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990. This figure is notably higher than the market rent, as measured by the ZORI index, which is currently at $937. This discrepancy means that landlords accepting Section 8 vouchers in ZIP 61455 can expect to receive slightly above-market rents, making it an attractive option for those looking to maximize their rental income while providing affordable housing options to tenants.
The data signature for ZIP 61455 reads as stable. The rental market is substantial, but not overwhelming, and the gap between the FMR and the ZORI suggests a balanced approach to affordable housing provision without causing significant disruption to the local housing market. Landlords should find the environment predictable, with little indication of rapid change or volatility in either the rental or homeownership sectors.
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.