Location: Hancock County, IL | Metro: Hancock County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,220 |
| 5 Bedrooms | $1,415 |
| 6 Bedrooms | $1,585 |
| 7 Bedrooms | $1,712 |
| 8 Bedrooms | $1,798 |
U.S. Census Bureau data (2024)
The ZIP code 62336, located within the Hancock County, IL metro area, has a Family Monthly Income Rent (FMR) of $920 for fiscal year 2026. This figure is key in understanding how it compares to other ZIP codes within the same county.
While specific market rent and home value data for ZIP 62336 are currently unavailable, we can still draw meaningful comparisons using the FMR and the 2.3% renter share. The FMR of $920 indicates that the rental costs for low-income families are set at this level, which is likely reflective of the overall rental market trends in the area.
A 2.3% renter share suggests that the majority of residents in 62336 own their homes rather than renting. This is an important factor when considering the dynamics of the housing market and the potential for investment opportunities. In comparison to typical ZIP codes within Hancock County, IL, a lower renter share might imply a less active rental market, but it does not necessarily indicate a lack of opportunity for landlords.
To determine if ZIP 62336 is a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we need to consider the context of the surrounding areas. If the FMR of $920 is significantly lower than the average market rent in Hancock County, then it could be considered a value pocket, especially appealing to landlords who want to cater to low-income families eligible for Section 8 assistance. However, without definitive market rent data, we cannot conclusively state this.
The absence of market rent and home value data makes it challenging to provide a precise classification of ZIP 62336 within the Hancock County, IL metro. Nonetheless, the high FMR relative to the renter share suggests that the ZIP code could be a sweet spot for Section 8 investments. Landlords and small-portfolio investors should pay close attention to the eligibility criteria and demand for Section 8 housing in this area.
In summary, ZIP 62336 presents an interesting case study within the Hancock County, IL metro. With an FMR of $920 and a 2.3% renter share, it stands out as potentially valuable for Section 8-focused investments. Further investigation into market rents and home values would help clarify its exact position within the broader real estate landscape of the county.
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.