Location: Pulaski County, IL | Metro: Pulaski County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The ZIP code 62970 stands out due to its unique demographic and economic characteristics. With only 465 residents, it represents a small community where 25.4% of the population rents their homes. The median income in this area is $34,313, which indicates a modest financial situation for the majority of its inhabitants. Notably, the median home value is listed as N/A, suggesting that there might be limited available data or an absence of traditional homeownership in the region.
When examining the rental market dynamics in ZIP 62970, the disparity between the Fair Market Rent (FMR) and the actual market rent becomes evident. For fiscal year 2026, the FMR is set at $920, while the Census ACS reports the average market rent at $597. This significant gap highlights a potential opportunity for landlords who can leverage the Section 8 housing choice voucher program to increase their rental income. By participating in this program, landlords can receive a higher rent subsidy compared to the local market rate, making it financially beneficial to accept vouchers despite the overall lower median income in the area.
The data signature for ZIP 62970 reads as stable. The low number of residents and the high percentage of renters suggest a consistent demand for rental properties. However, the lack of data on median home values implies that this ZIP code may not have a robust homeownership market, which could be a factor in its stability. The voucher economics present a clear advantage for landlords willing to participate in the Section 8 program, ensuring a steady stream of tenants who can afford the higher subsidized rents. This combination of factors—demographics, income levels, and rental subsidies—indicates a stable environment for small-portfolio investors looking to capitalize on the housing choice voucher 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.