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Vermilion County/Tilton/61833

61833

ZIPSAFMR
Vermilion County, IL
Zillow

ZIP Investment Score

132High yield potential

095130300
BRFMR
Eff. Rent
0 BR$740$650
1 BR$740$600
2 BR$950$780
3 BR$1,270$920
4 BR$1,330$980
5 BR$1,529Not available
6 BR$1,759Not available
7 BR$2,023Not available
8 BR$2,326Not available

Purchase Price Calculator

Maximum purchase price
$53,991

Cost breakdown

+Likely effective rent$780
HUD FMR$950
Market rentUsed$780
Est. payment standard (90%)$860
-Principal and interest-$273
Loan amount$43,193
Down payment$10,798
Rate6.50%
Term30 years
-Operating costs-$307
Property taxes-$54
Insurance-$175
Utilities$0
HOA$0
Management-$78
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$12,899(119.5% ROI)
Projected value
$58,143
Return breakdown
Property appreciation+$4,151
Loan principal paid down+$1,547
Rental cash flow+$7,200
5-year hold
+$21,854(202.4% ROI)
Projected value
$61,086
Return breakdown
Property appreciation+$7,095
Loan principal paid down+$2,760
Rental cash flow+$12,000
10-year hold
+$45,698(423.2% ROI)
Projected value
$69,113
Return breakdown
Property appreciation+$15,122
Loan principal paid down+$6,576
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.14
1 BR
1.23
2 BR
1.22
3 BR
1.38
4 BR
1.36
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 61833 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 61833 (Tilton, IL) is $950 a month. That is up 1.1% from $940 in FY 2026. Tilton is in the Vermilion County, IL non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $956. Among 27 ZIP codes in Vermilion County, 61833 is tied for the 18th-highest two-bedroom rent (county range $930–$1,530).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 61833
BedroomsFY 2027Change90–110% range
Studio$740+13.8%$666–$814
1BR$740+2.8%$666–$814
2BR$950+1.1%$855–$1,045
3BR$1,270+11.4%$1,143–$1,397
4BR$1,330+5.6%$1,197–$1,463

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 61833
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$740$740$950$1,270$1,330
FY 2026$650$720$940$1,140$1,260
FY 2025$670$750$980$1,200$1,320
FY 2024$710$750$980$1,220$1,310
FY 2023$660$680$900$1,140$1,210

Two-bedroom rent in nearby Vermilion County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 61833
61814$1,020+7.4%
61817$1,020+7.4%
61831$990+4.2%
61832$1,000+5.3%
61833Current$950—
61834$1,050+10.5%
61841$930−2.1%
61844$1,170+23.2%
61846$930−2.1%
61848$1,120+17.9%
61849$1,070+12.6%
61850$940−1.1%

Questions about ZIP 61833 rents

How much will Section 8 pay for a two-bedroom in ZIP 61833?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $956, which applies unless the housing authority uses Small Area FMRs, that basic range is $860 to $1,052 a month; under the ZIP-level Small Area FMR of $950 it would be $855 to $1,045. 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 61833 in?

ZIP 61833 is in the Vermilion County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $956.

How much did fair market rent change in ZIP 61833 for FY 2027?

The two-bedroom FMR rose 1.1%, from $940 in FY 2026 to $950 in FY 2027. Since FY 2023 it has risen 5.6%.

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