Location: Adams County, IL | Metro: Adams County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
ZIP code 62348, located in Adams County, IL, offers unique opportunities for inclusion within a Section 8 portfolio strategy. Based on the available data, this area serves best as a cash-flow anchor. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,120, which is higher than the median home value of $112,500. This discrepancy suggests that rental properties can be priced competitively without sacrificing income.
The median income in ZIP 62348 is $77,969, indicating a stable economic base for potential tenants who qualify for Section 8 assistance. With a renter share of 19.3%, there is a significant portion of the population already accustomed to renting, making it easier to attract and retain tenants. Landlords and small-portfolio investors can leverage this data to ensure steady cash flow from their properties.
While appreciation plays and diversifiers have their merits, the current data points towards 62348 being most suitable as a cash-flow anchor due to its favorable FMR-to-market-value ratio. This strategy ensures that the investment generates reliable income, which is crucial for maintaining financial stability in a real estate portfolio.
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.