Location: Macoupin County, IL | Metro: Macoupin County, IL HUD Metro FMR Area
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 | $720 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $950 | $96,302 | 0.99% | C |
| 3BR | $1,160 | $143,351 | 0.81% | C |
U.S. Census Bureau data (2024)
ZIP 62033, located in Gillespie, IL, within Macoupin County, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for FY 2024 stands at $930, which is significantly higher than the market rent of $788. This creates a spread of $142, ensuring that properties in this ZIP code generate a stable and predictable income stream above the local market rates.
The median home value in ZIP 62033 is $105,200. Given the disparity between the FMR and market rent, landlords can expect to maintain a consistent positive cash flow, even when accounting for property maintenance and management costs. This makes ZIP 62033 an ideal location for securing long-term, reliable rental income through Section 8 tenancy.
While ZIP 62033 does not present significant opportunities for appreciation, given the lack of data on price-cut shares and days on market (DOM), the primary focus should be on the steady income it provides. The 25.0% renter share indicates a moderate demand for rental housing, and the median income of $78,286 suggests that tenants in this area have a reasonable ability to pay their portion of the rent, further supporting the stability of cash flows.
To summarize, ZIP 62033 is best suited as a cash-flow anchor due to the substantial difference between the HUD's FMR and the actual market rents. This allows landlords to secure a dependable source of income, making it a valuable component of a diversified Section 8 portfolio.
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.