Location: Marion County, IL | Metro: Jefferson County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,130 |
| 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 analysis of ZIP code 62830 reveals a unique balance between yield potential and market stability, making it an intriguing area for real estate investment, particularly for those interested in Section 8 properties.
Starting with yield, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 stands at $920, which is significantly higher than the market rent of $463. This suggests that there is a substantial premium for Section 8 housing in this region, indicating a high-yield potential for landlords who qualify and can manage the requirements of such tenancies. The absence of a figure for home values implies that the rental market is more prominent than the sales market in this ZIP code, further emphasizing the importance of rental yields.
Moving onto stability, the ZIP code has a 22.1% rate of renters, which is a moderate indicator of the reliance on rental properties. While this percentage alone does not provide a complete picture of stability, the lack of a figure for days on market (DOM) could suggest a consistent demand for rentals without significant fluctuations in vacancy rates. Additionally, the median household income of $62,400 provides insight into the economic health of the area, suggesting that residents have sufficient disposable income to support stable rental payments.
Combining these factors, ZIP 62830 appears to be a market that offers a good balance between yield and stability. It is not a high-yield/low-stability flip-style market, given the moderate renter population and the implied consistent demand for rentals. Instead, it leans more towards being a steady-cashflow zone, driven by the high FMR compared to market rents and the stable median income levels. However, the relatively low market rent of $463 compared to the FMR of $920 presents a significant opportunity for landlords willing to meet the qualifications for Section 8 tenancies, potentially positioning this ZIP code as a lucrative niche within the broader real estate landscape.
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.