Housing market/Illinois/ZIP 62824
ZIP 62824 Clay City, Wayne County, Illinois
Wayne County, IL · Illinois. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 62824 · IL — sent to you.
ZIP 62824 · IL
ACS rent vs 2BR SAFMR
ZIP 62824 — Clay City, IL HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 62824
- 1-unit detached54572.3%
- 1-unit attached101.3%
- 2–4 units233.1%
- 5–49 units30.4%
- Mobile17322.9%
2–4 unit share 3.0% · 5–49 unit share 0.4% · combined 2–49 3.4%.
Units by bedrooms
Rent burden
- ACS median gross rent $598 (all bedrooms, occupied rentals).
- Median contract rent $398.
- Renters paying ≥30% of income 23.7%; ≥50% 21.2%.
- FY2027 2BR SAFMR $930 (1.555× ACS median gross rent).
Population
1,595 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -6.8%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: not published for this ZIP.
- HUD project-based assisted MF: 1 properties, 4 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 62824 18.0% of occupied households are renters; vacancy is 15.6%; ACS median gross rent is $598; population changed -6.8% between the 2018 and 2023 ACS vintages; the housing stock includes 23 units in 2–4-unit structures and 3 units in 5–49-unit structures; FY2027 2BR SAFMR is $930 versus ACS median gross rent of $598. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Illinois research
ZIP 62824 is a Census / HUD profile for Wayne County, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 62824 — Clay City, IL HUD Section 8 Payment Standards / SAFMR·Illinois ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Illinois research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 62824?
ZIP 62824 (Wayne County, IL) has 1,595 residents, 654 households, a renter share of 18.0%, median household income of $70,670, and ACS 2023 median gross rent of $598. Vacancy is 15.6%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 62824?
ACS counts 21 units in 2-unit buildings, 2 in 3–4 unit buildings, 3 in 5–9, 0 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 26 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 62824?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $930. See the full schedule and 90–110% payment-standard band on the ZIP 62824 — Clay City, IL HUD Section 8 Payment Standards / SAFMR.
Does this Illinois ZIP profile include Georgia listings?
No. ZIP 62824 is Census / HUD research for Wayne County, IL. Jeff Crowe CRE does not list Illinois property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.