Location: Williamson County, IL | Metro: Williamson County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
ZIP code 62933, located within the Williamson County, IL metro, presents a unique profile when compared to other ZIP codes in the area. The Fair Market Rent (FMR) for 62933 stands at $890 for fiscal year 2024, which is notably higher than the average market rent of $725. This discrepancy suggests that 62933 is positioned above the typical rental price range within the county.
The median home value in 62933 is $156,782, which is indicative of a modest residential property market. When juxtaposed against the broader context of Williamson County, this figure might be considered slightly below average, implying that homeownership costs are relatively lower here compared to other areas within the metro.
A significant point of interest is the 19.6% share of renters in 62933. This percentage is noteworthy as it exceeds the average renter share in many ZIP codes within the county. High renter share combined with below-average home values can signal an attractive opportunity for landlords and small-portfolio investors interested in Section 8 housing. The elevated FMR relative to market rent further supports this potential, as it indicates a higher subsidy level available to tenants.
Based on these figures, ZIP code 62933 appears to be a mid-tier neighborhood within the Williamson County, IL metro. It offers a balance between modest home values and a higher-than-average renter share, positioning it as a value pocket for those seeking investment opportunities in the Section 8 market. The higher FMR also provides a financial incentive for landlords participating in the program.
To summarize, the combination of a substantial renter population, moderate home values, and favorable FMR conditions makes ZIP 62933 a compelling option for real estate investments, particularly those aligned with Section 8 subsidies. This ZIP code stands out as a strategic choice for investors looking to capitalize on these dynamics within the broader Williamson County market.
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.