Location: Wayne County, IL | Metro: Franklin County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,150 |
| 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)
The Section 8 market analysis for ZIP code 62810 in Wayne County, Illinois, reveals a favorable environment for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the Wayne County metro area is set at $950 for fiscal year 2026. This figure stands significantly higher than the current market rent, which is recorded at $597 according to Census ACS data.
Voucher tenants in this area will generally cashflow positively when renting at the HUD FMR rate. Landlords can expect to see a strong positive cash flow from their properties, even when considering typical operating costs such as maintenance, utilities, and property management fees. Given that the market rent is well below the HUD FMR, investors can confidently rent out units at the voucher rate without worrying about occupancy issues.
The median home value in the area is currently not available, making it difficult to derive an exact rent-to-price ratio. However, the significant gap between the HUD FMR and the actual market rent suggests that rental income could be a more stable and predictable source of returns compared to the potentially volatile housing market. The days on market (DOM) and price cut percentages are also not available, but these metrics typically indicate how quickly homes sell and at what discount, which can impact the buy-versus-rent decision. In the absence of these figures, the focus remains on the robust cash flow potential.
The strongest investor angle in ZIP code 62810 is undoubtedly cash flow. With the HUD FMR substantially above the current market rent, investors can secure steady and reliable income from Section 8 tenants, positioning themselves for long-term financial success in this market.
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.