Location: Adams County, IL | Metro: Adams County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
U.S. Census Bureau data (2024)
24.6% of residents in ZIP code 62325 are renters, indicating a significant demand for rental properties in the area. The Fair Market Rent (FMR) for ZIP 62325, as of metro FY 2026, is set at $1,030, which is notably lower than the $1,156 market rent reported by the Census ACS. This discrepancy suggests that landlords participating in the Section 8 program can expect to receive slightly less than the average market rate but still benefit from a stable tenant base and guaranteed payments. Despite the high renter share, the median home value is listed as N/A, likely due to the dominance of rental units over homeownership in the area. The median income of $75,469 provides insight into the financial stability of potential tenants, though it's important to note that Section 8 eligibility is based on individual household incomes rather than the overall median. The lack of data on days on market (DOM) and the percentage of price-cut shares indicates that the housing market in 62325 may be relatively stable, with fewer fluctuations compared to other areas. Landlords should also be aware that the FMR is adjusted annually and can impact the profitability of their investment. Given these factors, the Section 8 program remains a viable option for landlords in ZIP 62325, offering a steady stream of income with a slight trade-off in rent rates.
62325's rental market dynamics, characterized by a 24.6% renter share and a $1,030 FMR, make it attractive for landlords seeking long-term stability. The $1,156 market rent figure underscores the potential for modest under-renting when participating in Section 8, yet the benefits of guaranteed payments and a stable tenant pool often outweigh this. With a median income of $75,469, the area supports a diverse range of tenants, including those eligible for Section 8 assistance. The absence of data on DOM and price-cut shares further supports the idea of a consistent rental environment, reducing the risk of prolonged vacancies or the need to reduce rental prices. In conclusion, landlords in ZIP 62325 should consider the Section 8 program as a reliable investment strategy, given the strong rental demand and stable income prospects.
Section 8 Verdict: Suitable for landlords in ZIP 62325 seeking stable income and a steady tenant base.
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.