Location: Jefferson County, IL | Metro: Jefferson County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 62898 has a population of 1,968 residents, with 13.5% being renters. This indicates that it is not a renter-heavy area; rather, it is predominantly a homeowner-dominated area where the presence of rental vouchers is likely to be limited.
The median household income in this ZIP code is $74,297. The typical market rent stands at $910 per month, which constitutes approximately 12% of the local median income. This suggests that most households can afford the rent without significant financial strain.
Comparing the market rent to the Fair Market Rent (FMR) of $1,060 for the fiscal year 2026, it is evident that the actual rent is below the FMR threshold. This difference implies that landlords in this area might find it easier to attract tenants who qualify for housing assistance through Section 8 vouchers, given that the vouchers cover up to the FMR level.
A landlord in ZIP 62898 should anticipate a tenant profile that includes individuals and families who can manage their living expenses comfortably, even if they rely on some form of rental assistance. The relatively low proportion of renters means that competition for voucher holders could be less intense compared to areas with higher percentages of renters.
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.