Location: Scott County, IL | Metro: Scott County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
To classify ZIP code 62610, we need to analyze its yield and stability based on the provided figures. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010, while the market rent stands at $1,321. This indicates a significant gap between the FMR and the actual market rent, suggesting a higher potential yield for landlords participating in the Section 8 program.
The rental income in ZIP 62610 is relatively stable, given that the median household income is $60,625. This figure suggests that tenants have a reasonable capacity to pay rent and maintain their housing status, even if they rely on Section 8 vouchers. However, only 12.3% of residents are renters, which might limit the number of potential Section 8 participants in this area. The lack of data on days on market (DOM) makes it challenging to assess the turnover rate and overall stability of the rental market.
Based on these figures, ZIP 62610 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The substantial difference between the FMR and the market rent ($1,010 vs $1,321) implies that landlords could benefit from a decent yield when renting to voucher holders. Yet, the low percentage of renters (12.3%) and the absence of DOM data indicate a less volatile but also potentially less liquid market. Landlords should expect a moderate level of stability due to the solid median income but be prepared for a smaller pool of Section 8 eligible tenants.
In conclusion, ZIP 62610 offers a balance between yield and stability, making it suitable for those seeking consistent cash flow rather than rapid property flipping. The $60,625 median income supports tenant reliability, while the $1,321 market rent versus the $1,010 FMR presents an opportunity for above-average returns on investment.
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.