Location: Pope County, IL | Metro: Massac County, IL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 62960 reveals a market that offers a balance between yield and stability, making it an attractive option for both landlords and small-portfolio investors.
The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $970, while the market rent stands at $748. This indicates a potential yield advantage when utilizing Section 8 vouchers, as properties can be rented out at rates closer to the higher FMR. The median home value of $116,237 further supports this notion, suggesting that the cost of entry into the market is relatively low compared to the rental income potential.
Stability in this market is moderate. With 25.9% of residents being renters, there is a notable demand for rental housing, which provides a consistent base of potential tenants. However, the lack of data on days on market (DOM) could indicate either a stable market where homes are quickly occupied, or a less predictable environment where vacancies persist longer. The average household income of $63,102 suggests that the majority of residents have sufficient financial means to cover their rent, contributing to a stable tenant pool.
In conclusion, ZIP 62960 leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The combination of a decent yield differential between market and FMR rents, coupled with a reasonable median home value, makes it suitable for long-term investments aimed at generating reliable cash flow. The moderate stability, driven by the percentage of renters and average income levels, supports this classification, indicating a market that is neither overly volatile nor exceptionally stable.
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.