Location: Jasper County, IL | Metro: Cumberland County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 62436 presents a nuanced scenario for landlords and small-portfolio investors. With a median home value of $178,528, the area remains accessible for investment, but the absence of data on the percentage of listings that have been reduced and the median days on market (DOM) indicates a stable market condition without significant volatility.
The Forward Monthly Rent (FMR) for the metro area, set at $940 for fiscal year 2026, offers insight into the rental dynamics. Although the current market rent is not specified, assuming it aligns closely with the FMR, landlords can expect a steady income stream from their investments. The alignment between FMR and market rents suggests a balanced market where neither renters nor landlords hold excessive leverage.
For long-term investors, the setup implies a realistic appreciation thesis based on the fundamentals of the local economy and housing demand. If the local economy grows and attracts more residents, demand for housing will likely increase, pushing up both home values and rental rates. Conversely, if economic conditions remain stagnant or decline, appreciation may be limited, and rental income could face pressure from increased vacancy rates or reduced willingness to pay higher rents.
A stable median home value and a balanced rent market suggest that landlords and investors should focus on maintaining property quality and managing costs effectively to ensure profitability. The lack of recent reductions in listing prices also supports a strategy of holding properties rather than flipping them, given the current stability and potential for gradual growth.
In summary, ZIP 62436 offers a moderate-risk investment environment with opportunities for steady returns through rental income and gradual appreciation. Investors should monitor local economic indicators and housing demand trends to make informed decisions about property management and long-term investment strategies.
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.