Location: Douglas County, IL | Metro: Coles County, IL
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $139,684 | 0.89% | C |
U.S. Census Bureau data (2024)
The ZIP code 61930 is situated in a rural area of Illinois, characterized by a small population of 687 residents. This community is predominantly owned, with only 10.8% of the residents being renters. The median household income here stands at $79,531, indicating a relatively affluent environment despite its rural setting. However, the median home value in this area is notably low at $99,743, suggesting that homeownership is accessible even to those with modest means.
Moving into the economic landscape of rental properties, the Fair Market Rent (FMR) for ZIP 61930, as determined by the Department of Housing and Urban Development for fiscal year 2026, is set at $970. In comparison, the actual market rent, according to Census ACS data, is slightly lower at $914. This indicates a close alignment between government-set standards and the local rental market, which can be advantageous for landlords participating in the Section 8 program.
Given these figures, ZIP 61930 would suit both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stable market conditions and the alignment between FMR and actual rents mean minimal risk and consistent returns. For hands-on investors looking to add value, the relatively low median home value presents opportunities to acquire properties at a lower cost, potentially increasing their equity through improvements and leveraging the higher FMRs.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.