Housing market/Illinois/ZIP 61866
ZIP 61866 Rantoul, Illinois
Champaign-Urbana, IL HUD Metro FMR Area · Illinois. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
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HUD schedule, ACS stock, and the 90–110% band for ZIP 61866 · IL — sent to you.
ZIP 61866 · IL
ACS rent vs 2BR SAFMR
ZIP 61866 — Rantoul, 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 61866
- 1-unit detached3,36253.6%
- 1-unit attached4577.3%
- 2–4 units87313.9%
- 5–49 units1,05916.9%
- 50+ units1272.0%
- Mobile3966.3%
2–4 unit share 13.9% · 5–49 unit share 16.9% · combined 2–49 30.8%.
Units by bedrooms
Rent burden
- ACS median gross rent $892 (all bedrooms, occupied rentals).
- Median contract rent $696.
- Renters paying ≥30% of income 41.7%; ≥50% 11.5%.
- FY2027 2BR SAFMR $1,030 (1.155× ACS median gross rent).
Population
13,407 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -6.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 42 units.
- HUD project-based assisted MF: 1 properties, 13 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 577 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 61866 48.6% of occupied households are renters; vacancy is 13.1%; ACS median gross rent is $892; population changed -6.2% between the 2018 and 2023 ACS vintages; the housing stock includes 873 units in 2–4-unit structures and 1,059 units in 5–49-unit structures; 1 LIHTC projects totaling 42 units; FY2027 2BR SAFMR is $1,030 versus ACS median gross rent of $892. 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 61866 is a Census / HUD profile for Champaign-Urbana, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 61866 — Rantoul, 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 61866?
ZIP 61866 (Champaign-Urbana, IL HUD Metro FMR Area) has 13,407 residents, 5,458 households, a renter share of 48.6%, median household income of $51,389, and ACS 2023 median gross rent of $892. Vacancy is 13.1%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 61866?
ACS counts 387 units in 2-unit buildings, 486 in 3–4 unit buildings, 810 in 5–9, 223 in 10–19, and 26 in 20–49. Combined 2–49 unit stock is 1,932 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 61866?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,030. See the full schedule and 90–110% payment-standard band on the ZIP 61866 — Rantoul, IL HUD Section 8 Payment Standards / SAFMR.
Does this Illinois ZIP profile include Georgia listings?
No. ZIP 61866 is Census / HUD research for Champaign-Urbana, IL HUD Metro FMR Area. 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.