Location: Pulaski County, IL | Metro: Massac County, IL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
ZIP code 62956, located within the Pulaski County, IL metro area, presents a unique profile when compared to typical ZIP codes in the region. The Fair Market Rent (FMR) for ZIP 62956 is set at $940 for fiscal year 2026, which is notably higher than the average market rent of $693. This indicates that subsidized renters in this area might be able to afford housing that is slightly above the local market rate, potentially offering landlords a better rental income than what is typically available.
The median home value in ZIP 62956 is listed at $69,446, which is lower than the average home value in the county. This suggests that the area could be considered a value pocket, where property investments are relatively cheaper but still benefit from higher rental rates due to the FMR setting. A lower home value can also mean lower property taxes and maintenance costs, making it an attractive option for small-portfolio investors looking to maximize their returns.
The renter share in ZIP 62956 is at 9.1%, which is on par with the typical renter share in Pulaski County, IL. However, given the higher FMR and lower home values, this ZIP code stands out as a potential sweet spot for Section 8 properties. Landlords can capitalize on the higher rental subsidy while owning properties at a lower cost compared to the rest of the county.
In summary, ZIP 62956 is positioned as a value pocket within the Pulaski County, IL metro area. Its combination of a high FMR, lower home values, and a moderate renter share makes it an ideal location for landlords and small-portfolio investors seeking to leverage the benefits of Section 8 without the typical premium associated with higher-value neighborhoods. The disparity between the FMR and market rent points to a favorable rental environment, especially for those involved in the Section 8 program.
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.