Location: Wabash County, IL | Metro: Wabash County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The ZIP code 62811 stands out due to its unique demographic and economic characteristics. With only 224 residents, it represents a small community. Notably, 11.2% of these residents are renters, which is a relatively low percentage compared to many other areas. The median income in ZIP 62811 is $52,083, indicating a middle-class living standard. However, the lack of data on median home value suggests that homeownership might be less prevalent or that the data is insufficient for analysis.
Moving to the specifics of Section 8 housing, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940. This figure is crucial for understanding the rental market dynamics in ZIP 62811. Despite this FMR being established, there is no available data on the current market rent or the number of vouchers in circulation, making it challenging to assess the impact of Section 8 on the local rental market. The absence of such data could imply a limited presence of Section 8 tenants in the area or an underdeveloped rental sector.
In summary, the data signature for ZIP 62811 reads as stable rather than transitional. The low percentage of renters and the established FMR suggest a steady demand for rental housing, albeit in a small scale. Landlords and small-portfolio investors should consider the limited availability of data when making decisions about participating in the Section 8 program in this ZIP code. While the potential for growth exists, the current environment appears to favor stability over rapid change.
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.