Location: Christian County, IL | Metro: Christian County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 62517, located in Christian County, Illinois, reveals several key points. The HUD Fair Market Rent (FMR) for the metro area, effective in fiscal year 2026, is set at $1,050 per month. In comparison, the market rent based on Census ACS data is significantly lower at $825 per month. This indicates that voucher tenants will cashflow at FMR, providing a strong financial advantage to landlords and small-portfolio investors.
To further analyze the investment potential, it's important to consider the rent-to-price ratio. However, the median home value for ZIP 62517 is not available, which means we cannot directly calculate this ratio. Despite this limitation, the substantial gap between the HUD FMR and the actual market rent suggests that properties rented through the Section 8 program can generate positive cash flow even without considering property values.
The days on market (DOM) and the percentage of homes that experience price cuts are also not available for ZIP 62517. Nevertheless, given the disparity between the HUD FMR and the market rent, the rent-versus-buy dynamics favor rental investments over purchasing homes in this area. The higher voucher payment compared to market rates ensures that landlords can cover their expenses and still earn a profit.
In summary, the strongest angle for investors in ZIP 62517 is cashflow. The HUD FMR of $1,050 comfortably exceeds the market rent of $825, ensuring that landlords who accept Section 8 vouchers can maintain a steady and profitable income stream.
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.