Location: Franklin County, IL | Metro: Franklin County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
U.S. Census Bureau data (2024)
ZIP 62812, located in Franklin County, IL, can serve as an effective cash-flow anchor within a Section 8 portfolio strategy. This designation is supported by the substantial spread between the Fair Market Rent (FMR) of $920 for the metro area in fiscal year 2026 and the current market rent of $843. Additionally, the median home value stands at $102,316, which indicates that property acquisition costs are relatively low. These factors contribute to a robust cash flow position for landlords and small-portfolio investors.
The significant difference between the FMR and market rent suggests that landlords can potentially achieve higher occupancy rates and stable rental income, as Section 8 vouchers cover the gap between the tenant's contribution and the FMR. This makes ZIP 62812 an attractive location for those looking to secure consistent cash flows, particularly when considering the lower median home values that allow for cost-effective property purchases.
While ZIP 62812 does not present strong appreciation potential, with a mere 0.2% price-cut share and N/A-day Days on Market (DOM), it offers a reliable base for generating steady income. The appreciation play aspect is limited due to the low price-cut share, indicating that sellers often need to reduce their asking prices to attract buyers. However, the focus here should be on the cash-flow benefits rather than appreciation.
ZIP 62812 also serves as a diversifier within a broader investment portfolio, given the 30.3% renter share and a median income of $60,539. This mix of renters and moderate income levels supports the viability of both rental and homeownership markets, providing flexibility for investors to adapt their strategies based on local economic conditions.
In summary, ZIP 62812 is best suited as a cash-flow anchor within a Section 8 portfolio strategy, thanks to the favorable spread between FMR and market rents, and the lower median home values that enhance affordability and profitability.
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.