Location: Champaign-Urbana, IL | Metro: Champaign-Urbana, IL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 61855 reveals a unique blend of yield and stability characteristics that can inform investment decisions for landlords and small-portfolio investors.
On the yield axis, the Fair Market Rent (FMR) for the area is set at $930 for fiscal year 2024. This figure represents the maximum amount a landlord can charge for rent under the Section 8 program. However, without specific market rent and home value data, it's challenging to compare the FMR directly to local market conditions. The FMR serves as a reliable benchmark for rental income potential, ensuring a consistent cash flow from tenants participating in the Section 8 program.
Moving to the stability axis, we see that only 16.7% of the residents in ZIP 61855 are renters. This low percentage suggests a predominantly owner-occupied community, which could imply less demand for rental properties. Additionally, the lack of data on days-on-market (DOM) and median income makes it difficult to assess the financial health of potential tenants and the speed at which properties might be rented out.
Given these figures, ZIP 61855 does not fit neatly into a high-yield/low-stability flip-style market category. Instead, it leans more towards a steady-cashflow zone due to the guaranteed income level through the FMR. However, the low percentage of renters and the absence of critical data points such as DOM and median income indicate a lower level of stability compared to areas with higher renter populations and more robust economic indicators.
To summarize, while ZIP 61855 offers a stable income source through the Section 8 program with a fixed FMR of $930, the overall stability is compromised by the limited number of renters and insufficient economic data. Therefore, it is best described as a moderate-stability, steady-cashflow zone, suitable for investors seeking predictable returns but wary of the potential risks associated with lower tenant demand and unknown economic factors.
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.