Skip to main content
Loading page
Mercer County/Viola/61486

61486

ZIPSAFMR
Mercer County, IL
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$780$780
1 BR$840$840
2 BR$1,040$1,040
3 BR$1,370$1,370
4 BR$1,670$1,670
5 BR$1,920Not available
6 BR$2,209Not available
7 BR$2,540Not available
8 BR$2,921Not available

Purchase Price Calculator

Maximum purchase price
$92,627

Cost breakdown

+Likely effective rent$1,040
HUD FMRUsed$1,040
Market rentN/A
Est. payment standardN/A
-Principal and interest-$468
Loan amount$74,102
Down payment$18,525
Rate6.50%
Term30 years
-Operating costs-$372
Property taxes-$93
Insurance-$175
Utilities$0
HOA$0
Management-$104
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,977(91.6% ROI)
Projected value
$99,749
Return breakdown
Property appreciation+$7,122
Loan principal paid down+$2,655
Rental cash flow+$7,200
5-year hold
+$28,906(156.0% ROI)
Projected value
$104,799
Return breakdown
Property appreciation+$12,172
Loan principal paid down+$4,734
Rental cash flow+$12,000
10-year hold
+$61,225(330.5% ROI)
Projected value
$118,570
Return breakdown
Property appreciation+$25,943
Loan principal paid down+$11,281
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 61486 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 61486 (Viola, IL) is $1,040 a month. That is down 1.9% from $1,060 in FY 2026. Viola is in the Davenport-Moline-Rock Island, IA-IL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,056. Among 20 ZIP codes in Mercer County, 61486 is tied for the 6th-highest two-bedroom rent (county range $1,030–$1,240). The median county two-bedroom FMR in Illinois is $958, so ZIP 61486 is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 61486
BedroomsFY 2027Change90–110% range
Studio$780+2.6%$702–$858
1BR$840−2.3%$756–$924
2BR$1,040−1.9%$936–$1,144
3BR$1,370−1.4%$1,233–$1,507
4BR$1,670−1.2%$1,503–$1,837

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 61486
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$780$840$1,040$1,370$1,670
FY 2026$760$860$1,060$1,390$1,690
FY 2025$630$750$920$1,200$1,420
FY 2024$580$700$860$1,130$1,300
FY 2023$530$640$800$1,050$1,190

Two-bedroom rent in nearby Mercer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 61486
61276$1,030−1.0%
61279$1,180+13.5%
61281$1,030−1.0%
61401$1,030−1.0%
61412$1,050+1.0%
61413$1,060+1.9%
61442$1,030−1.0%
61465$1,030−1.0%
61466$1,030−1.0%
61472$1,030−1.0%
61476$1,240+19.2%
61486Current$1,040—

Questions about ZIP 61486 rents

How much will Section 8 pay for a two-bedroom in ZIP 61486?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,056, which applies unless the housing authority uses Small Area FMRs, that basic range is $950 to $1,162 a month; under the ZIP-level Small Area FMR of $1,040 it would be $936 to $1,144. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 61486 in?

ZIP 61486 is in the Davenport-Moline-Rock Island, IA-IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,056.

How much did fair market rent change in ZIP 61486 for FY 2027?

The two-bedroom FMR fell 1.9%, from $1,060 in FY 2026 to $1,040 in FY 2027. Since FY 2023 it has risen 30.0%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentViola, IL fair market rentIL statewide rentsWhat is SAFMR?Data sources