Location: Douglas County, IL | Metro: Champaign-Urbana, IL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The ZIP code 61872 stands out due to its unique demographic and economic characteristics. With only 620 residents, it has one of the smallest populations among similar ZIP codes, and just 6.3% of these residents are renters. The median income here is notably high at $117,821, and the median home value is even higher at $194,615. These figures indicate a community that is predominantly owner-occupied and financially well-off.
Moving into the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 61872 in fiscal year 2024 is set at $930. This is slightly above the current market rent, which stands at $925 according to Census ACS data. While the difference is minimal, it suggests that landlords accepting Section 8 vouchers might see a slight premium over the average market rate.
In summary, the data signature for ZIP 61872 reads as stable. The high median income and home values suggest a strong financial foundation within the community, and the slight edge in FMR over market rent indicates a balanced environment for those involved with Section 8 vouchers. For landlords and small-portfolio investors, this ZIP code presents an opportunity in a stable market where rental income is closely aligned with the economic health of the area.
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.