Location: Richland County, IL | Metro: Richland County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
The classification of ZIP code 62452 hinges on the balance between yield and stability, as evidenced by the available data points. With a Fair Market Rent (FMR) of $920 for the fiscal year 2026, this figure suggests a moderate rental yield potential compared to the average home value of $114,945. However, the lack of specific market rent data introduces an element of uncertainty.
The stability axis reveals a more complex picture. The area has a relatively low percentage of renters at 6.4%, which could imply less demand for rental properties. Additionally, the absence of data on days on market (DOM) further obscures the liquidity dynamics of the real estate market here. On a positive note, the median household income stands at $78,036, indicating a stable economic base that supports some level of financial security for investments.
Given these factors, ZIP 62452 does not fit neatly into the categories of a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it represents a middle ground where the potential for rental income exists but is tempered by the lower proportion of renters and limited market data. Landlords and small-portfolio investors should consider the FMR of $920 as a baseline for rental pricing, while also factoring in the median home value of $114,945 when assessing property acquisition costs.
The median income of $78,036 provides a foundation for estimating tenant affordability and long-term cash flow stability. However, the decision to invest should be made with caution due to the incomplete data set, particularly regarding the market rent and DOM figures. These missing pieces are crucial for understanding the true dynamics of the local real estate market and its capacity to support rental investments effectively.
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.