Location: Morgan County, IL | Metro: Morgan County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
The Fair Market Rent (FMR) for the Jacksonville, IL metro area in fiscal year 2026 is set at $920. This figure is crucial for landlords participating in the Section 8 program, as it determines the maximum allowable rent that can be charged for a unit. Given the lack of specific market rent data, we can infer that the FMR is a reasonable benchmark for the area.
A cash-flow anchor in a Section 8 portfolio strategy refers to properties that generate steady and reliable rental income. ZIP 62651, with its FMR of $920, offers a predictable source of income for landlords who are willing to adhere to the guidelines set forth by the program. This predictability is particularly important for small-portfolio investors who might be looking for a stable stream of cash flow rather than rapid appreciation or high renter turnover.
While the median home value and market rent for ZIP 62651 are not explicitly stated in the available data, the absence of significant appreciation plays suggests that this ZIP code is not likely to be an appreciation play. Additionally, without specific data on the renter share and median income, it’s difficult to categorize ZIP 62651 as a diversifier within the portfolio. However, the steady FMR aligns well with the concept of a cash-flow anchor.
To further solidify this strategy, landlords should ensure that their properties meet the necessary standards for the Section 8 program. By doing so, they can reliably count on the $920 FMR to cover their expenses and provide a consistent income, making ZIP 62651 a valuable component of a diversified real estate portfolio focused on Section 8 tenants.
Investors should also consider the broader economic context of the area, including employment trends and population stability, which can impact the demand for Section 8 housing. However, with the FMR serving as a reliable benchmark, ZIP 62651 stands out as a dependable option for those seeking a stable rental income.
Data Sources: FMR data from HUD (2027).
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.