Housing market/Illinois/ZIP 61242
ZIP 61242 Cordova, Illinois
Davenport-Moline-Rock Island, IA-IL MSA · 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 61242 · IL — sent to you.
ZIP 61242 · IL
ACS rent vs 2BR SAFMR
ZIP 61242 — Cordova, 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 61242
- 1-unit detached49793.8%
- 1-unit attached20.4%
- 2–4 units315.8%
2–4 unit share 5.8% · 5–49 unit share 0.0% · combined 2–49 5.8%.
Units by bedrooms
Rent burden
- ACS median gross rent $956 (all bedrooms, occupied rentals).
- Median contract rent $761.
- Renters paying ≥30% of income 49.1%; ≥50% 18.9%.
- FY2027 2BR SAFMR $1,060 (1.109× ACS median gross rent).
Population
1,135 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -6.0%.
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 62 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 61242 10.8% of occupied households are renters; vacancy is 7.0%; ACS median gross rent is $956; population changed -6.0% between the 2018 and 2023 ACS vintages; the housing stock includes 31 units in 2–4-unit structures and 0 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,060 versus ACS median gross rent of $956. 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 61242 is a Census / HUD profile for Davenport-Moline-Rock Island, IA-IL, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 61242 — Cordova, 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 61242?
ZIP 61242 (Davenport-Moline-Rock Island, IA-IL MSA) has 1,135 residents, 493 households, a renter share of 10.8%, median household income of $95,804, and ACS 2023 median gross rent of $956. Vacancy is 7.0%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 61242?
ACS counts 27 units in 2-unit buildings, 4 in 3–4 unit buildings, 0 in 5–9, 0 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 31 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 61242?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,060. See the full schedule and 90–110% payment-standard band on the ZIP 61242 — Cordova, IL HUD Section 8 Payment Standards / SAFMR.
Does this Illinois ZIP profile include Georgia listings?
No. ZIP 61242 is Census / HUD research for Davenport-Moline-Rock Island, IA-IL MSA. 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.