Location: Montgomery County, IL | Metro: Montgomery County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
ZIP code 62015, located within the Montgomery County, IL metro, presents a unique profile when compared against other ZIP codes in the same area. The Fair Market Rent (FMR) for ZIP 62015 is set at $1,150 for fiscal year 2026, which serves as a benchmark for rental costs within the county.
The lack of specific market rent and home value data for ZIP 62015 makes direct comparisons challenging. However, the 16.6% renter share indicates that a significant portion of residents in this ZIP code rely on renting as their primary housing option. This figure aligns with the broader trend observed in Montgomery County, IL, where the average renter share tends to be around this percentage.
Given the established FMR of $1,150, it can be inferred that ZIP 62015 is positioned as a mid-tier neighborhood within the Montgomery County, IL metro. The absence of market rent and home value figures suggests that these metrics might not diverge significantly from the FMR, indicating a balanced rental market without extreme premiums or discounts.
The higher-than-average renter share in ZIP 62015 could signal a concentration of renters who might include those eligible for Section 8 assistance. This characteristic alone does not necessarily indicate a Section 8 sweet spot, as the absence of market rent and home value data prevents us from assessing if there's a below-metro level of home values, which would typically support such an inference.
To conclude, ZIP 62015 appears to be a mid-tier neighborhood within the Montgomery County, IL metro, with a notable share of renters. Landlords and small-portfolio investors should consider the established FMR of $1,150 as a reliable indicator of rental pricing, while also being mindful of the potential demand from renters who may benefit from Section 8 assistance.
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.