Location: Jasper County, IL | Metro: Cumberland County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,110 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
ZIP 62432, located in Jasper County, IL metro, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the area in fiscal year 2026 is set at $920, which is significantly lower than the market rent of $1,097. This creates a spread of $177 per unit, allowing landlords to maintain positive cash flow while participating in the Section 8 program.
The difference between the FMR and the market rent indicates that landlords can cover their costs and generate a profit without relying on speculative growth or high tenant turnover. In ZIP 62432, the median income stands at $79,432, providing a stable economic base for the housing market. Although the median home value is not available, the strong income levels suggest a robust local economy capable of supporting rental demand.
The 4.8% renter share in ZIP 62432 is relatively low compared to many other areas, but this does not detract from its role as a cash-flow anchor. Landlords should focus on the guaranteed rent payments through the Section 8 program, which are adjusted annually based on the FMR. This ensures a predictable revenue stream, crucial for maintaining financial stability within a portfolio.
In conclusion, ZIP 62432 excels as a cash-flow anchor due to the favorable spread between FMR and market rents. It provides a secure investment opportunity for landlords and small-portfolio investors, ensuring steady cash flow and reducing risk associated with volatile markets or uncertain tenant payment histories.
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.