Location: Christian County, IL | Metro: Christian County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,110 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
ZIP code 62555, located within the Christian County, IL metro, presents an interesting mix of characteristics that set it apart from typical ZIP codes in the area. The Fair Market Rent (FMR) for the metro in fiscal year 2026 is set at $920, which is notably higher than the actual market rent of $682 observed in ZIP 62555. This indicates that 62555 is experiencing rents below the regional average, potentially making it a value pocket for landlords.
The median home value in ZIP 62555 is $180,103, which is relatively low compared to the broader metro area, suggesting that property acquisition costs might be more favorable here. This lower cost could attract investors looking for opportunities to acquire properties at a discount while still benefiting from the potential for rental income growth.
A key indicator for Section 8 investors is the percentage of renters in a given area. ZIP 62555 has a renter share of 15.3%, which is on par with many ZIP codes in Christian County, IL. However, when combined with the lower-than-average market rent, this ZIP code could represent a sweet spot for Section 8 investments. The discrepancy between the lower market rent and the higher FMR suggests there is room for rents to rise without being prohibitively expensive for Section 8 participants.
To summarize, ZIP 62555 appears to be a value pocket within the Christian County, IL metro, offering below-average market rents and median home values, alongside a typical renter share. These conditions create a favorable environment for landlords and small-portfolio investors seeking to enter the Section 8 housing 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.