Location: Logan County, IL | Metro: Logan County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
U.S. Census Bureau data (2024)
ZIP code 61751, located within the Logan County, IL metro area, stands out due to its unique characteristics when compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for ZIP 61751 is set at $1,000 for fiscal year 2026, which is a key figure for landlords and investors considering properties in this area.
A notable absence in the data provided is the market rent and home value figures for ZIP 61751. This lack of information can be indicative of several factors, including limited rental activity or fewer transactions that would typically provide such data points. Additionally, the 0.0% renter share suggests that the majority of residents in this ZIP code own their homes rather than renting, which contrasts sharply with areas that have a higher proportion of renters.
In the context of Logan County, IL, ZIP 61751 appears to be neither a value pocket nor a premium sub-market based on the available data. Its FMR of $1,000 places it squarely within the mid-tier range of rental costs for the metro area, assuming that the FMR is reflective of the actual market conditions. However, the absence of market rent and home value data makes it challenging to definitively categorize the ZIP code within the broader spectrum of local real estate markets.
The 0.0% renter share is a significant divergence from what might be expected in a typical ZIP code within Logan County. In areas with higher renter shares, particularly those with a large presence of Section 8 housing, we often see lower home values and higher concentrations of rental units. ZIP 61751's low renter share, combined with the lack of market rent and home value data, suggests that it is primarily a homeowner-focused community, less reliant on rental income and potentially less attractive for landlords seeking to cater to the Section 8 tenant pool.
Given the constraints of the data, ZIP 61751 is best described as a mid-tier neighborhood within the Logan County, IL metro area, with a strong emphasis on homeownership over rentals. Landlords and investors should consider this ZIP code if they are looking to enter a stable, owner-dominated market where rental opportunities are limited but still exist within the established FMR guidelines.
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.