Location: Christian County, IL | Metro: Christian County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
In ZIP code 62570, potential issues for Section 8 landlords include significant tenant turnover. The market rent stands at $808, which is notably lower than the Fair Market Rent (FMR) of $1,070 for the metro area as of fiscal year 2026. This disparity can lead to higher turnover rates as tenants may seek better rental options outside of the program. Additionally, the vacancy exposure is a concern due to the lack of available data on days on market (DOM), indicating that landlords might face unpredictable periods of vacancy.
The deferred maintenance exposure is another critical factor. With an average home value of $97,884 and a median income of $89,000, there is a risk that homeowners may not invest adequately in maintaining their properties, potentially leading to higher repair costs and lower property values over time. This scenario can be particularly challenging for landlords who rely on the stability of their investments.
However, these risks must be weighed against the substantial 10.0% share of renters in the area. High renter density typically correlates with a higher demand for housing vouchers, such as Section 8. This increased demand can provide a steady stream of qualified tenants, reducing the likelihood of extended vacancies and ensuring a stable cash flow for landlords.
The verdict for ZIP 62570 is moderate risk for a first-time Section 8 landlord. While there are notable challenges, the high renter density offers a mitigating factor that can help stabilize investment outcomes.
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.