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Piatt County/White Heath/61884

61884

ZIPSAFMR
Piatt County, IL
Zillow

ZIP Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$1,010$1,010
1 BR$1,020$1,020
2 BR$1,210$1,210
3 BR$1,520$1,520
4 BR$1,580$1,580
5 BR$1,817Not available
6 BR$2,090Not available
7 BR$2,403Not available
8 BR$2,763Not available

Purchase Price Calculator

Maximum purchase price
$117,889

Cost breakdown

+Likely effective rent$1,210
HUD FMRUsed$1,210
Market rentN/A
Est. payment standardN/A
-Principal and interest-$596
Loan amount$94,311
Down payment$23,578
Rate6.50%
Term30 years
-Operating costs-$414
Property taxes-$118
Insurance-$175
Utilities$0
HOA$0
Management-$121
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,644(83.3% ROI)
Projected value
$126,954
Return breakdown
Property appreciation+$9,065
Loan principal paid down+$3,379
Rental cash flow+$7,200
5-year hold
+$33,517(142.2% ROI)
Projected value
$133,381
Return breakdown
Property appreciation+$15,492
Loan principal paid down+$6,026
Rental cash flow+$12,000
10-year hold
+$71,377(302.7% ROI)
Projected value
$150,908
Return breakdown
Property appreciation+$33,019
Loan principal paid down+$14,358
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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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
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Tax rate
--
Mortgage rate
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ZIP 61884 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 61884 (White Heath, IL) is $1,210 a month. That is up 8.0% from $1,120 in FY 2026. White Heath is in the Champaign-Urbana, IL HUD Metro 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 metro-wide two-bedroom FMR of $1,173. Among 17 ZIP codes in Piatt County, 61884 is tied for the 4th-highest two-bedroom rent (county range $1,010–$1,480). The median county two-bedroom FMR in Illinois is $958, so ZIP 61884 is 26% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 61884
BedroomsFY 2027Change90–110% range
Studio$1,010+7.4%$909–$1,111
1BR$1,020+8.5%$918–$1,122
2BR$1,210+8.0%$1,089–$1,331
3BR$1,520+6.3%$1,368–$1,672
4BR$1,580+6.8%$1,422–$1,738

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 61884
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,020$1,210$1,520$1,580
FY 2026$940$940$1,120$1,430$1,480
FY 2025$950$950$1,130$1,470$1,500
FY 2024$900$910$1,070$1,400$1,430
FY 2023$750$750$880$1,130$1,200

Two-bedroom rent in nearby Piatt County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 61884
61839$1,010−16.5%
61842$1,180−2.5%
61851$1,050−13.2%
61853$1,480+22.3%
61854$1,190−1.7%
61855$1,100−9.1%
61856$1,270+5.0%
61875$1,090−9.9%
61882$1,070−11.6%
61884Current$1,210—
61913$1,010−16.5%
61929$1,010−16.5%

Questions about ZIP 61884 rents

How much will Section 8 pay for a two-bedroom in ZIP 61884?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,173, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,056 to $1,290 a month; under the ZIP-level Small Area FMR of $1,210 it would be $1,089 to $1,331. 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 61884 in?

ZIP 61884 is in the Champaign-Urbana, IL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,173.

How much did fair market rent change in ZIP 61884 for FY 2027?

The two-bedroom FMR rose 8.0%, from $1,120 in FY 2026 to $1,210 in FY 2027. Since FY 2023 it has risen 37.5%.

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