Location: Mason County, IL | Metro: Mason County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
ZIP 62664, located in Mason County, IL, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920, while the market rent stands at $800. This creates a positive spread of $120 per unit, enhancing cash flow for landlords and small-portfolio investors.
The median home value in ZIP 62664 is $104,500, indicating that properties here are relatively affordable. This makes it easier for investors to acquire multiple units, thereby increasing their potential for stable cash flow. Given the low median home value, it is likely that many properties in this ZIP code qualify for Section 8 programs, making them accessible to tenants who benefit from federal subsidies.
The housing market in ZIP 62664 is not particularly hot for appreciation plays, with no significant percentage increase noted in recent data. Similarly, there is no substantial data suggesting a short time on market (DOM) or a high price-cut share, which would indicate strong demand or rapid appreciation.
ZIP 62664 also acts as a diversifier within a portfolio. With an 18.9% renter share and a median income of $70,509, it suggests a mix of renters and homeowners, providing a balanced tenant pool. This diversity helps mitigate risks associated with economic downturns, as different segments of the population may respond differently to changing market conditions.
In summary, ZIP 62664 is best suited as a cash-flow anchor due to the favorable spread between FMR and market rent, coupled with its affordability and the presence of a diverse tenant base. This makes it an ideal addition to portfolios seeking steady, reliable income streams.
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.