Location: Hamilton County, IL | Metro: Hamilton County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
ZIP 62829, located in Hamilton County, IL metro, is best suited as a diversifier within a Section 8 portfolio strategy. The median income for the area is not available, which limits the ability to assess the economic stability of potential tenants. However, the renter share stands at 0.0%, indicating a low concentration of renters in the area.
The lack of specific data on median home values and the percentage price-cut share makes it challenging to evaluate the property's potential for appreciation. Similarly, the days on market (DOM) data is also not available, further complicating the assessment of market conditions.
In contrast, the Fair Market Rent (FMR) for the IL metro area for fiscal year 2026 is set at $990. This figure can serve as a benchmark for determining the viability of rental properties under the Section 8 program. Landlords and small-portfolio investors should ensure that their rental units are priced appropriately to remain competitive and comply with the program's guidelines.
Given the limited data on market dynamics and the low renter share, ZIP 62829 offers a unique opportunity for diversification. Investors can use this area to balance their portfolios with properties that offer stable, if modest, returns, without relying heavily on appreciation or high renter concentrations. This approach helps mitigate risks associated with over-reliance on any single market trend or condition.
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.