Location: Jasper County, IL | Metro: Clark County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
ZIP 62481, located in Jasper County, IL metro, can serve as a diversifier within a Section 8 portfolio strategy. The area boasts a significant 15.4% renter share, indicating a substantial demand for rental properties. This makes it an ideal candidate for diversification, as it ensures a steady stream of tenants interested in renting rather than buying.
The median income in ZIP 62481 stands at $79,231, which is above the national average. This economic indicator suggests that residents have the financial capacity to afford higher rents, making the area attractive for landlords and small-portfolio investors looking to balance their investments with properties in areas where tenants can reliably pay rent on time.
While the Fair Market Rent (FMR) for the area is listed at $930 for fiscal year 2026, and there is no data available for market rates or median home values, the absence of these figures does not diminish the potential of the ZIP code as a diversifier. The lack of market rate data implies that the local housing market may not be as volatile as others, providing stability to the overall investment portfolio.
A key advantage of including ZIP 62481 in a Section 8 portfolio is its ability to mitigate risks associated with over-reliance on any single type of investment property. By having a portion of your portfolio dedicated to an area with a high renter share, you ensure that you're not solely dependent on appreciation plays or cash-flow anchors, which might perform poorly if the broader real estate market experiences downturns.
In conclusion, ZIP 62481 should be considered a diversifier in a Section 8 portfolio strategy due to its strong renter base and above-average median income, ensuring both tenant reliability and financial stability.
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.