Location: Christian County, IL | Metro: Christian County, IL
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,130 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $730 | $63,381 | 1.15% | B |
| 2BR | $950 | $105,804 | 0.9% | C |
| 3BR | $1,130 | $183,800 | 0.61% | D |
| 4BR | $1,430 | $232,321 | 0.62% | D |
U.S. Census Bureau data (2024)
In Taylorville, IL (ZIP 62568), the real estate market presents a nuanced landscape for landlords and small-portfolio investors. The median home value stands at $139,535, indicating a relatively affordable housing market. Despite this, only 0.1% of listings have seen reductions, which suggests that sellers maintain strong pricing power. This low rate of price reduction is indicative of a stable market where demand meets supply, and buyers are willing to pay the asking prices.
The median days on market (DOM) being listed as N/A might imply either an exceptionally quick sale cycle or limited data points for analysis. In either case, it aligns with the observation of strong seller pricing power. For investors, this means that properties purchased today are likely to retain their value, given the stability in pricing and the minimal need for price adjustments.
On the rental side, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is projected to be $980, while the current market rent based on Census ACS data is $818. This gap signals potential upward pressure on rents, suggesting that landlords could see an increase in rental income as the market adjusts to meet the higher FMR levels. However, the transition to these higher rates will depend on local economic conditions and the pace of inflation.
For long-term investors, the setup implies a realistic appreciation thesis rooted in the balance between stable home values and growing rental income. As the market rent approaches the FMR, the intrinsic value of rental properties will likely rise, driven by increased rental yields. This scenario supports holding onto properties as a means to build equity and generate higher returns over time.
Investors should remain vigilant to local economic trends, including employment growth and migration patterns, which can further influence both home values and rental rates. The current indicators suggest a market that is poised for gradual growth, making Taylorville a viable location for those seeking stable, long-term investments in real estate.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.