Location: Scott County, IL | Metro: Cass County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The ZIP code 62665 stands out with its unique blend of characteristics that differentiate it from other areas. With a population of 1,222 residents, only 22.6% are renters, indicating a predominantly owner-occupied community. The median income here is $46,528, while the median home value is notably higher at $57,891. This suggests a relatively stable economic environment where homeownership is accessible to a significant portion of the population.
Moving to the specifics of Section 8 economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920, which is substantially above the current market rent of $674 based on Census ACS data. This gap indicates a potential opportunity for landlords who are willing to participate in the Section 8 program, as they could receive a higher rental rate compared to the local market average.
Despite the slight discrepancy between the median income and home values, the data signature for ZIP 62665 reads as "stable." The low percentage of renters and the moderate difference between FMR and market rents suggest a community where homeownership is valued and maintained, and where participation in the Section 8 program could be financially beneficial for landlords without the risk of high turnover or instability often associated with transitional areas.
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.