Location: White County, IL | Metro: White County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
ZIP 62861, located in White County, IL, can serve as a diversifier in a Section 8 portfolio strategy. The median income in this area is $31,250, indicating a population that heavily relies on government assistance programs such as Section 8 housing vouchers.
While specific metrics like the Fair Market Rent (FMR), price-cut share, and days on market (DOM) are not available, the reliance on Section 8 vouchers suggests a stable tenant base. Landlords can expect steady rental income with minimal vacancy rates, which is crucial for maintaining positive cash flow.
The renter share in ZIP 62861 is 0.0%, implying that homeownership is low. This characteristic aligns well with the Section 8 program, which primarily supports renters. Given the limited number of homes for sale and the high dependency on rental properties, this ZIP code is an ideal candidate for diversifying a real estate portfolio into areas where tenants are likely to benefit from government subsidies.
To further understand the investment potential, it's important to consider the broader economic context of White County. The area's demographics and economic conditions make it suitable for properties that cater to low-income families, ensuring a consistent demand for affordable housing options.
In summary, ZIP 62861 should be viewed as a diversifier within a Section 8 portfolio strategy. Its characteristics provide a niche for landlords and small-portfolio investors seeking stability and a reliable tenant base, despite the lack of detailed market data.
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.