Location: De Witt County, IL | Metro: De Witt County, IL
| 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 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 61750 are straightforward. For a two-bedroom rental unit, the SAFMR (Small Area Fair Market Rent) is set at $1,050 per month for the fiscal year 2026. This figure represents the maximum amount that a Section 8 voucher will cover for rent in this specific ZIP code.
A voucher holder is required to contribute a portion of their income towards rent. Typically, this contribution is 30% of their adjusted monthly income. Once this amount is determined, it is subtracted from the SAFMR to find out what the voucher program will pay. For instance, if a tenant's adjusted monthly income is $1,500, they would need to contribute $450 towards rent ($1,500 x 0.3).
The voucher program then covers the remaining portion of the rent, up to the SAFMR limit. In our example, the voucher would cover $600 ($1,050 - $450), which is the difference between the SAFMR and the tenant’s contribution. It's important to note that the voucher does not cover any additional costs such as utilities, unless these are included in the total rent amount and do not exceed the SAFMR.
Since the local market rent for a two-bedroom apartment in ZIP 61750 is currently unavailable, we can only rely on the SAFMR to understand the economic dynamics. Landlords should be aware that the SAFMR is the ceiling for reimbursement, meaning the voucher will not cover rents above this amount. If the market rent exceeds $1,050, landlords will have to decide whether to accept the lower payment from the voucher program or seek non-voucher tenants willing to pay the higher market rate.
To summarize, landlords in ZIP 61750 who choose to participate in the Section 8 program for a two-bedroom unit will receive a maximum of $1,050 per month in rental assistance. Any shortfall between this amount and the actual market rent must be absorbed by the landlord, creating a reimbursement gap. Conversely, if the market rent is below $1,050, landlords may see a surplus in their income from the voucher program.
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.