Location: Logan County, IL | Metro: Logan County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 62519 presents a unique challenge for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 24,000, the area has an extremely low percentage of renters at 0.0%, indicating that it is predominantly a homeowner-dominated area rather than one with deep voucher demand. This characteristic makes it less attractive for those specifically targeting a high volume of Section 8 tenants.
The median household income for this ZIP code is not available, which complicates the analysis of how much of the local income goes towards rent. However, we can still draw some conclusions based on the Fair Market Rent (FMR) data provided. The FMR for the metro area, which is used as a benchmark for Section 8 rents, stands at $1,040 per month for FY 2026. Without specific market rent data, we cannot calculate the exact percentage of local income spent on rent, but we can infer that the lack of rental properties suggests a strong preference for homeownership among residents.
A landlord in ZIP 62519 should expect a tenant profile that reflects the scarcity of both renters and rental properties. Given the homeowner-dominated nature of the area, the demand for Section 8 vouchers will be limited, and the competition for rental units will likely be lower compared to more renter-heavy areas. Landlords might find fewer applicants who qualify for Section 8 due to the higher cost of living and potential higher earning capacity of the local population.
In summary, ZIP 62519 is not ideal for landlords seeking to cater exclusively to Section 8 tenants due to its low rental density and the unavailability of key income metrics. The FMR of $1,040 provides a reference point for affordable housing standards but does not fully capture the dynamics of this particular ZIP code's rental market.
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.