Location: Knox County, IL | Metro: Davenport-Moline-Rock Island, IA-IL MSA
| 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 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 61472 within the Knox County, IL metro area reveals a favorable environment for cash flow generation. The HUD Fair Market Rent (FMR) for ZIP 61472 in fiscal year 2024 is set at $860. In contrast, the market rent based on Census ACS data is $775, indicating that properties rented at the HUD FMR level will generally cash flow positively.
To determine the exact cash flow potential, let's compare the HUD FMR to the market rent. At $860, the HUD FMR exceeds the market rent of $775 by $85 per month. This means that voucher tenants can cover the rent at the FMR level without requiring significant discounts or only modest adjustments in unit quality. Therefore, voucher tenants here cashflow at FMR, with a slight positive margin that supports investment viability.
The median home value in ZIP 61472 is listed as N/A, which suggests limited data availability for deriving an accurate rent-to-price ratio. However, given the positive cash flow potential, it implies that rental income could be more stable and predictable compared to fluctuating home values. The lack of specific data on median days on market (DOM) and the percentage of price cuts also indicates a relatively stable market where buy-versus-rent dynamics favor the rental sector.
In conclusion, the strongest investor angle in ZIP 61472 is cash flow. Properties rented at the HUD FMR will consistently generate positive returns, making it an attractive area for landlords and small-portfolio investors seeking steady income streams.
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.