Location: Greene County, IL | Metro: Greene County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 62081 in Greene County, IL, reveals a rental market that slightly exceeds the Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD). For fiscal year 2026, the HUD FMR for the metro area is $1,000. In contrast, the market rent, as reported by the Census Bureau's American Community Survey (ACS), stands at $1,313. This means that landlords accepting Section 8 vouchers will generally experience marginal cash flow at the FMR rate, unless they focus on premium units that can command higher rents.
The median home value in the area is listed as N/A, which makes deriving a precise rent-to-price ratio challenging. However, the absence of a median home value suggests that the area might be predominantly rental-focused, rather than having a strong homeownership market. This lack of data on home values does not significantly impact the analysis of rental market dynamics.
Given the N/A-day median Days on Market (DOM) and the N/A% price-cut share, it is evident that there is limited data on the buying side of the market. This scarcity implies that the primary consideration for investors should be the rental market, where the demand for affordable housing is likely to be robust.
The strongest angle for investors in ZIP 62081 is stability. With a consistent need for affordable housing, Section 8 tenants provide a reliable source of income, ensuring steady cash flow despite the slight margin above FMR needed to cover costs. Stability in occupancy and income is key for landlords and small-portfolio investors looking to secure long-term returns without the volatility often associated with market-rate rentals.
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.