Location: Henderson County, IL | Metro: Henderson County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
ZIP code 61471, located in Henderson County, Illinois, offers a strategic fit within a Section 8 portfolio due to its characteristics as a cash-flow anchor. The area's Fair Market Rent (FMR) for a metro area in fiscal year 2026 is set at $920. This figure serves as a benchmark for rental pricing under the Section 8 program, ensuring a steady income stream for landlords.
In comparison, the market rent for the same area is priced at $875. This creates a positive spread of $45 per unit, indicating that landlords participating in Section 8 can potentially earn above the local market average. The higher guaranteed rental income, despite the slightly lower market rents, makes ZIP 61471 an attractive option for securing reliable cash flow.
The median home value in this ZIP code is currently not available, which suggests a lack of significant investment in property values. However, the median household income stands at $68,750, providing a stable economic foundation for the local population and supporting the viability of Section 8 tenancy.
A key metric in evaluating the suitability of ZIP 61471 as part of a Section 8 portfolio is the renter share, which is 13.5%. This percentage indicates a moderate demand for rental properties, balancing the risk of over-reliance on a single tenant type while still offering opportunities for diversification within the rental market.
Given these factors, ZIP 61471 should be considered primarily as a cash-flow anchor within a Section 8 portfolio. The positive spread between the FMR and market rent ensures a steady and predictable income source, mitigating financial risks for landlords and small-portfolio investors. While appreciation potential is uncertain due to the unavailability of price-cut share and days on market (DOM) data, the guaranteed rental income under the Section 8 program provides a solid foundation for long-term investment stability.
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.