Location: Fulton County, IL | Metro: Peoria, IL MSA
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 | $830 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,420 | $293,813 | 0.48% | F |
U.S. Census Bureau data (2024)
ZIP code 61569, located within the Fulton County, IL metro area, presents a distinct profile compared to other ZIP codes in the region. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $850, which is notably lower than the average market rent of $939. This suggests that 61569 offers more affordable rental options relative to the broader market, potentially making it attractive for low-income tenants who qualify for Section 8 assistance.
The median home value in 61569 stands at $264,397, indicating that while it is not the most expensive neighborhood in the county, it also isn't among the least. The 14.4% renter share in this ZIP code is slightly above the national average, suggesting a higher concentration of renters. However, when juxtaposed against the county's overall renter share, which typically ranges around 10-12%, 61569 appears to have a greater inclination towards rental housing.
The combination of below-average market rents and a higher-than-average renter share makes ZIP 61569 a potential value pocket within the Fulton County, IL metro. This configuration can be particularly advantageous for landlords and small-portfolio investors looking to serve a tenant base that benefits from federal housing subsidies, such as those provided through Section 8 programs. It is important to note that the disparity between the FMR and market rent, along with the elevated renter share, could indicate an area where Section 8 vouchers are frequently used, thus creating a stable tenant pool for property owners.
To further contextualize the investment potential in 61569, consider the following:
In summary, ZIP 61569 in Fulton County, IL, represents a value pocket due to its relatively low FMR and higher renter share, aligning well with the needs of Section 8 tenants and providing a solid opportunity for landlords and investors focused on this segment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.