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Section 8 rent in Coles County, IL

FY2025 HUD Small Area Fair Market Rents for the Coles County, IL, covering 16 ZIP codes.

$930Avg 2BR FMR / mo
$1,023Avg 2BR at 110% Standard
16ZIP Codes

Fair market rent by bedroom count

Base SAFMR across all ZIP codes in this market. Housing authorities may set payment standards between 90% and 110% of these rates.

BedroomsLowest ZIPAverageHighest ZIPAvg 110% Standard
Studio$600$665$800$732
1 Bedroom$670$743$890$817
2 Bedrooms$870$930$1,150$1,023
3 Bedrooms$1,070$1,224$1,510$1,347
4 Bedrooms$1,220$1,351$1,650$1,486

Small multifamily Section 8 income

Estimated gross monthly and annual rent for 2-to-4 unit properties, assuming every unit is rented to Section 8 at this market's average fair market rent. Small multifamily is a favorite for long-term buy-and-hold investors stacking stable voucher income across multiple doors.

Property TypeUnit MixGross Monthly RentGross Annual Rent
Duplex2 × 2BR$1,860$22,320
Triplex3 × 2BR$2,790$33,480
Fourplex4 × 2BR$3,720$44,640
Fourplex4 × 3BR$4,896$58,752

Gross scheduled rent before vacancy, maintenance and management. Run any Illinois multifamily listing through RealG to model it against real operating costs, or try the rental property calculator.

Highest-paying ZIP codes

Top 15 of 16 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
62440 $890 $1,150 $1,510 $1,650
61931 $770 $1,000 $1,330 $1,420
62469 $740 $960 $1,200 $1,420
61930 $840 $950 $1,280 $1,360
61933 $810 $950 $1,290 $1,430
61951 $730 $950 $1,330 $1,600
61920 $720 $930 $1,230 $1,320
62474 $740 $920 $1,180 $1,220
62420 $730 $910 $1,150 $1,220
61928 $690 $900 $1,150 $1,340
61910 $800 $890 $1,200 $1,270
62447 $680 $890 $1,070 $1,330
61911 $730 $870 $1,190 $1,330
61912 $670 $870 $1,160 $1,230
61938 $670 $870 $1,160 $1,230

Quick cash flow check

Free Tool

Estimate monthly cash flow renting to Section 8 at this market's average fair market rent.

Section 8 rent (avg FMR)—
Est. mortgage payment (PITI)—
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30-year fixed. Taxes and insurance estimated at 1.5% and 0.5% of price per year. Before vacancy, maintenance and management. For a full itemized analysis, run this market in RealG.

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Frequently asked questions

How much does Section 8 pay for a 2-bedroom in Coles County, IL?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Coles County, IL is $930 per month, ranging from $870 to $1,150 depending on ZIP code. Local housing authorities may set payment standards between 90% and 110% of these rates, so the average 2-bedroom payment standard can reach $1,023.
What is a Small Area Fair Market Rent (SAFMR)?
SAFMRs are fair market rents that HUD publishes at the ZIP code level instead of one rate for a whole metro area. They reflect what modest rental housing actually costs in each ZIP, which means higher payment standards in more expensive neighborhoods. Housing choice voucher payments in this market are based on these rates.
Why do rents vary so much between ZIP codes here?
In Coles County, IL, 2-bedroom SAFMRs run from $870 to $1,150 per month. HUD sets each ZIP's rate from local rent data, so neighborhoods with stronger rental markets get higher voucher payment standards. For investors, the spread matters: the same house price can produce very different Section 8 rents a few ZIP codes apart.
How do I find Section 8 investment properties in Illinois?
RealG searches live listings across Illinois, runs Section 8 numbers on every property using these HUD rates, and grades each deal A through D against your buying criteria. You can start free with no credit card and see graded deals in this market in minutes.

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