Housing market/Illinois/ZIP 62897

ACS 2023 · FY2027 SAFMR

ZIP 62897 Whittington, Franklin County, Illinois

Franklin County, IL · Illinois. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
573
Households
204
Median HH income
$49,444
Renter share
22.6%
Median gross rent
$942
Vacancy
10.9%
Pop. change
+58.3%
2BR SAFMR
$1,200
SAFMR / rent
1.274×
2–49 unit stock
23
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 62897 · IL — sent to you.

ZIP 62897 · IL

ACS median rent$942
2BR SAFMR$1,200
90% floor$1,080
110% ceiling$1,320

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 62897

  • 1-unit detached15770.7%
  • 5–49 units2310.4%
  • Mobile4218.9%
TypeUnitsShare
1-unit detached15768.6%
1-unit attached00.0%
2 units (duplex)00.0%
3–4 units00.0%
5–9 units00.0%
10–19 units00.0%
20–49 units2310.0%
50+ units00.0%
Mobile4218.3%

2–4 unit share 0.0% · 5–49 unit share 10.0% · combined 2–49 10.0%.

Units by bedrooms

Studio
0
1BR
16
2BR
90
3BR
111
4BR
10
5+
2

Rent burden

Rent ≥30% of income67.4%
Rent ≥50% of income52.2%
  • ACS median gross rent $942 (all bedrooms, occupied rentals).
  • Median contract rent $671.
  • Renters paying ≥30% of income 67.4%; ≥50% 52.2%.
  • FY2027 2BR SAFMR $1,200 (1.274× ACS median gross rent).

Population

573 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +58.3%.

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: not published for this ZIP.
  • 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 62897 22.6% of occupied households are renters; vacancy is 10.9%; ACS median gross rent is $942; population increased +58.3% between the 2018 and 2023 ACS vintages; the housing stock includes 0 units in 2–4-unit structures and 23 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,200 versus ACS median gross rent of $942. 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 62897 is a Census / HUD profile for Franklin County, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

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 62897?

ZIP 62897 (Franklin County, IL) has 573 residents, 204 households, a renter share of 22.6%, median household income of $49,444, and ACS 2023 median gross rent of $942. Vacancy is 10.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 62897?

ACS counts 0 units in 2-unit buildings, 0 in 3–4 unit buildings, 0 in 5–9, 0 in 10–19, and 23 in 20–49. Combined 2–49 unit stock is 23 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 62897?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,200. See the full schedule and 90–110% payment-standard band on the ZIP 62897 — Whittington, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 62897 is Census / HUD research for Franklin 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.