Location: Schuyler County, IL | Metro: Schuyler County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
Schuyler County, IL metro, specifically ZIP 62319, presents an interesting opportunity for inclusion in a Section 8 portfolio strategy. This area should be considered a cash-flow anchor due to the guaranteed rental income from the federal government. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, which provides a stable baseline for rental revenue.
The lack of specific market data such as median home values and price-cut shares does not detract from the value of this ZIP code as a cash-flow anchor. Instead, it highlights the importance of relying on government-backed programs like Section 8 to ensure consistent income streams. With the FMR established at $970, landlords can expect a steady flow of rent checks without the volatility often associated with private market fluctuations.
ZIP 62319 also has a median income of $49,500, indicating that there is a segment of the population who could benefit from affordable housing options. This aligns well with the goals of the Section 8 program, which aims to provide assistance to low-income families. The 6.3% renter share suggests that while a majority of residents own their homes, there is still a notable portion of the population seeking rental opportunities.
In conclusion, ZIP 62319 serves best as a cash-flow anchor within a Section 8 portfolio strategy. The assured rental income of $970 per month offers stability and predictability, crucial factors for landlords and small-portfolio investors looking to manage risk and ensure reliable returns.
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.