Location: Jasper County, IL | Metro: Effingham County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 62479 in the Jasper County, IL metro area reveals a favorable opportunity. The HUD Fair Market Rent (FMR) for the metro scope in fiscal year 2026 is set at $1,030. This figure stands above the Census ACS-reported market rent of $921, indicating that voucher tenants will cashflow marginally at the FMR rate. Landlords can expect a positive cash flow, albeit modest, when renting properties at the HUD FMR.
The median home value in ZIP 62479 is not available, which complicates deriving a precise rent-to-price ratio. However, given the higher HUD FMR compared to the market rent, it suggests that rental income from voucher tenants could be more stable and predictable than buying into the local housing market, where data is sparse.
Note that the average Days on Market (DOM) and the percentage of homes that experience a price cut are also not available. Despite these gaps in data, the comparison between the HUD FMR and market rent indicates that the rental market is slightly more attractive than the purchase market, due to the consistent income stream from voucher tenants.
The strongest investor angle in ZIP 62479 is stability. Voucher tenants provide a reliable source of income, backed by government support, which ensures steady cash flow without the volatility associated with typical market renters.
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.