Location: Mason County, IL | Metro: Mason County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 61532 is poised for stability and potential growth over the next 12 to 24 months, anchored by a median home value of $85,129. This figure suggests that the area remains affordable and attractive to first-time buyers and investors alike. The absence of percentage data indicating listings being reduced and the median days on market (DOM) suggest a balanced market where neither buyers nor sellers have significant leverage. Properties are likely selling close to their asking price without extended periods of listing.
On the rental side, the Federal Market Rent (FMR) for ZIP 61532 is set at $1,020 for fiscal year 2026, compared to the current market rate of $930 based on Census ACS data. This indicates an expected increase in rental values, which aligns with a gradual appreciation in property values. Landlords and small-portfolio investors can expect rental income to rise, providing a steady cash flow while also benefiting from the potential for property value appreciation.
For long-term investors, the setup implies a realistic appreciation thesis. With the median home value already relatively low and the projected rise in rental rates, there is a strong indication that property values will follow suit. However, the pace of appreciation is likely to be modest, driven by gradual economic improvements and population growth rather than speculative bubbles or rapid inflationary pressures. The combination of stable home values and increasing rental rates offers a solid foundation for long-term investment returns.
Investors should note that the lack of significant reductions in listings and the balanced DOM figures point to a market where strategic pricing and timely sales are key. Properties priced appropriately and marketed effectively will likely sell quickly, maintaining the current equilibrium. As rental rates rise, so too will the demand for rental properties, potentially driving up the value of homes in ZIP 61532 as they become more desirable for both owners and tenants.
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.