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 61480, located in Henderson County, IL metro, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the area is set at $920 for fiscal year 2026, which exceeds the current market rent of $894. This $26 spread indicates that landlords participating in the Section 8 program will receive a higher rental income compared to the market rate, providing a stable and predictable cash flow.
The importance of a cash-flow anchor cannot be overstated in a diverse investment portfolio. It ensures that even if some parts of your portfolio underperform, you have a reliable source of income. In ZIP 61480, the guaranteed higher rental income through Section 8 vouchers compensates for the lack of immediate appreciation potential, as indicated by the N/A% price-cut share and N/A-day Days on Market (DOM).
While the median home value is not available, the median income in the area stands at $58,750. This figure suggests that there is a significant portion of the population eligible for Section 8 assistance, given the income limits associated with the program. With a 25.0% renter share, there is a substantial market for rental properties, making ZIP 61480 an ideal location for landlords seeking consistent cash flow.
In summary, ZIP 61480 is best suited as a cash-flow anchor in a Section 8 portfolio strategy due to the positive spread between the FMR and market rent. This guarantees a steady income stream, which is crucial for maintaining financial stability amidst fluctuating market conditions. Landlords should consider this ZIP code as part of their investment mix, especially if they aim to balance risk and reward in their property holdings.
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.