Location: De Witt County, IL | Metro: De Witt County, IL
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 | $750 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $122,309 | 0.88% | C |
| 3BR | $1,290 | $182,460 | 0.71% | D |
| 4BR | $1,810 | $230,510 | 0.79% | D |
U.S. Census Bureau data (2024)
The ZIP code 61727, encompassing Clinton, IL, presents a dynamic rental market that is currently experiencing subtle shifts indicative of either balanced conditions or slight favor towards renters. The Fair Market Rent (FMR) set at $1,050 for the fiscal year 2026 reflects a benchmark that landlords should aim to meet or slightly exceed to remain competitive. However, the current market rent, as per the Census American Community Survey (ACS), stands at $928, suggesting that landlords might be facing some downward pressure on rents.
The low price-cut share of 0.2% indicates that most properties are being rented at their initial asking price, which could imply that the market is relatively stable and that there isn't an overwhelming surplus of available units. This also suggests that landlords are setting their rents accurately, reflecting the true value of their properties without overpricing them. The median home value of $144,714 provides insight into the overall affordability of the area, making it accessible for many potential homeowners, yet still leaving room for a significant portion of the population to prefer renting.
A noteworthy figure is the 28.1% renter share, which is a critical metric for understanding long-term housing pressures. In Clinton, IL, nearly a third of the residents choose to rent rather than own their homes. This high percentage of renters can signal sustained demand for rental properties, as a considerable number of individuals and families may find homeownership unattainable or undesirable. Landlords and small-portfolio investors should take note of this trend, as it implies a steady stream of potential tenants who are willing to pay for rental accommodation.
The interplay between these figures—FMR, market rent, price-cut share, and renter share—paints a picture of a market where demand and supply are closely aligned, but with a slight tilt towards the side of renters. This balance is crucial for maintaining a healthy rental environment, ensuring that landlords can secure tenants while providing affordable options for residents.
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.