Location: Williamson County, IL | Metro: Jackson County, IL
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $217,290 | 0.64% | D |
U.S. Census Bureau data (2024)
The ZIP code 62918 is situated in a predominantly suburban setting, characterized by a modest population of 10,658 residents. Renters make up a significant portion of the community at 36.0%, indicating a notable demand for rental properties. The median household income in this area stands at $70,920, which is relatively robust and suggests a stable economic base. However, the median home value of $192,309 is notably lower, reflecting a mix of affordable and middle-class housing options.
When it comes to rental economics, the Fair Market Rent (FMR) for ZIP 62918 as of the fiscal year 2024 is set at $1,090. This figure is higher than the current market rent, as indicated by the Zillow Observed Rent Index (ZORI), which is at $967. This discrepancy presents an opportunity for investors who can leverage the higher FMR to attract Section 8 tenants, ensuring a steady stream of rental income.
The suitability of ZIP 62918 for investment depends on the investor's strategy. For those seeking a hands-off approach, the potential to secure Section 8 vouchers at a rate above the market rent provides a reliable income source. Conversely, for hands-on investors interested in value-add opportunities, there is room to improve property values and rents, given the current disparity between the ZORI and FMR. This ZIP code offers a balanced environment where both passive and active investors can find viable opportunities, contingent upon their willingness to engage with the local market dynamics.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.