Location: Brown County, IL | Metro: Brown County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 62375 reveals critical insights for landlords and small-portfolio investors considering investment in this area.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the Brown County, IL metro area for fiscal year 2026 is set at $1,380. However, the absence of specific market rent data makes it impossible to directly compare the FMR against local rental rates. This lack of data suggests that either the market is underdeveloped or that reliable rental pricing information is not readily available.
Moving on to the affordability of acquisitions, the analysis is hampered by the unavailability of key metrics such as median home values, days on market (DOM), and the percentage of homes needing price cuts. Without these figures, it's challenging to gauge how competitive and financially feasible property purchases might be in ZIP 62375.
The third point focuses on tenant demand. With a population of 383, only 1.0% are renters. This low renter share indicates a limited pool of potential tenants, which could pose challenges for landlords seeking to fill properties with steady, long-term residents.
Verdict: Investment in ZIP 62375 presents significant hurdles due to the scarcity of both market rent data and indicators of acquisition affordability. The extremely low renter share further complicates the prospect of finding tenants willing to pay the FMR. Landlords and investors should proceed with caution, prioritizing areas with more robust rental markets and clearer financial benchmarks.
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.