Location: Brown County, IL | Metro: Brown County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 62378 within the Brown County, IL metro area reveals several key points. The HUD Fair Market Rent (FMR) for the area is set at $1,020 for fiscal year 2026, which is significantly higher than the average market rent of $498 based on Census ACS data. This means that voucher tenants will generally cashflow positively at the HUD FMR rate, providing a substantial buffer for landlords and small-portfolio investors.
The median home value in ZIP 62378 is currently not available, making it difficult to derive an exact rent-to-price ratio. However, given the disparity between the HUD FMR and the average market rent, it's evident that rental properties are undervalued relative to their potential income generation through Section 8 vouchers. This suggests that the rental market is more favorable compared to the potential buying market, especially for those seeking steady, positive cash flow.
The number of days on market (DOM) and the percentage of price cuts are also not available, but these factors would typically influence the rent-versus-buy decision. In the absence of these metrics, the focus remains on the strong cash flow potential provided by the current HUD FMR rates. The stability of this cash flow is a significant advantage, as it ensures consistent income without the volatility often associated with market rents.
The strongest angle for investors in this ZIP code is the guaranteed cash flow provided by Section 8 vouchers, which far exceeds the current market rent. This makes ZIP 62378 an attractive investment opportunity for those prioritizing reliable income over speculative appreciation.
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.