Location: Livingston County, IL | Metro: Livingston County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,240 |
| 5 Bedrooms | $1,438 |
| 6 Bedrooms | $1,611 |
| 7 Bedrooms | $1,740 |
| 8 Bedrooms | $1,827 |
U.S. Census Bureau data (2024)
The ZIP code 61743 stands out with its unique demographic and economic characteristics. With only 113 residents, it has a rental rate of 26.7%, indicating that nearly one in four residents are renters. The median income in this ZIP is $93,750, reflecting a relatively affluent community. The median home value of $195,260 further underscores the financial stability of the area.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $920. This is notably higher than the current market rent, which is estimated at $855 according to Census ACS data. This discrepancy means that landlords accepting Section 8 vouchers in ZIP 61743 can expect to receive slightly above-market rents, making it a potentially attractive option for property owners looking to ensure stable income streams.
The data signature of ZIP 61743 reads as "stable." Given the high median income and median home values, there is little indication of rapid change or significant economic volatility. The slight premium offered by Section 8 vouchers over the market rent suggests that the program can be a reliable source of income for landlords, without the risk of being significantly below market rates. For small-portfolio investors, this ZIP presents an opportunity to secure tenants with stable income sources, reducing the likelihood of vacancy and default.
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.