Location: Peoria, 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 | $1,000 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,330 | $129,436 | 1.03% | B |
| 3BR | $1,710 | $182,903 | 0.93% | C |
| 4BR | $1,880 | $238,597 | 0.79% | D |
U.S. Census Bureau data (2024)
The classification of ZIP 61607 (Bartonville, IL) on the axes of yield and stability reveals a market that leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. This conclusion is driven by specific figures from the data provided.
Firstly, the yield analysis is based on the Fair Market Rent (FMR) of $1,030 for ZIP 61607 as of the fiscal year 2024, compared to the market rent of $1,108. The FMR is set by the U.S. Department of Housing and Urban Development (HUD) and reflects the maximum amount of rental assistance that can be paid. Given that the FMR is slightly below the market rent, it suggests that landlords can expect a modest return on investment without the risk associated with higher rental yields.
The median home value of $157,028 also supports this conclusion. This figure indicates that the properties in ZIP 61607 are relatively affordable, which means that the potential for significant capital appreciation through flipping is limited. Landlords and small-portfolio investors seeking to maximize their cash flow from rental income will find this area suitable, as the home values are moderate and the rental income is fairly consistent with market rates.
Moving on to stability, the percentage of renters at 14.5% is quite low. However, this does not necessarily indicate instability. A lower percentage of renters might mean a more stable tenant population, as there are fewer rental units available, potentially leading to longer tenancies and reduced turnover rates.
The median household income of $75,532 provides insight into the financial health of the residents. While this income level is not exceptionally high, it suggests that tenants can afford to pay their rent on time, contributing to the stability of the rental market. The lack of data on the average number of days on the market (DOM) for rental listings makes it challenging to assess the speed at which properties are rented out, but the income figure implies a reasonable level of demand.
In summary, ZIP 61607 offers a balanced opportunity for landlords and small-portfolio investors, favoring steady cash flow over high-yield risks. The rental income is close to market rates, and the median home value suggests moderate property appreciation potential. With a low percentage of renters and a solid median household income, the area provides a stable environment for long-term investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.