Location: Greene County, IL | Metro: Greene County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 62092 reveals a market that falls into the category of moderate yield and moderate stability, making it neither a high-yield/low-stability flip-style market nor a purely steady-cashflow zone.
Yield: The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920. However, the actual market rent for ZIP 62092 stands at $644, which is significantly lower. This suggests that while there is potential for rental income, it is not as robust as the broader metro area. Additionally, the median home value in the area is $63,854, indicating a relatively affordable market for property acquisition.
Stability: With 22.9% of residents being renters, the ZIP code demonstrates a moderate level of tenant presence. The lack of data on days on market (DOM) suggests that there might be insufficient information to gauge how quickly properties are rented out, but the median household income of $56,607 provides some insight into the economic stability of the area. This income figure is lower than the FMR, which could indicate that tenants may face financial strain in meeting rental obligations, thus affecting stability.
To conclude, ZIP 62092 offers a balance between yield and stability. While the rental income ($644) is less than the metro average ($920), the lower median home value ($63,854) makes it an attractive option for those looking to enter the market with a smaller investment. The moderate renter percentage (22.9%) and median income ($56,607) suggest a stable but not highly dynamic market. Landlords and small-portfolio investors should consider these factors carefully when deciding whether to invest in this ZIP code.
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.