Housing market/Illinois/ZIP 62288

ACS 2023 · FY2027 SAFMR

ZIP 62288 Steeleville, Randolph County, Illinois

Randolph 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
2,592
Households
1,160
Median HH income
$69,500
Renter share
22.0%
Median gross rent
$775
Vacancy
13.2%
Pop. change
-16.2%
2BR SAFMR
$930
SAFMR / rent
1.200×
2–49 unit stock
90
LIHTC proj / units
1 / 16
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 62288 · IL — sent to you.

ZIP 62288 · IL

ACS median rent$775
2BR SAFMR$930
90% floor$837
110% ceiling$1,023

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

Housing stock

ACS 2023 units-in-structure · ZCTA 62288

  • 1-unit detached1,09181.6%
  • 1-unit attached60.4%
  • 2–4 units846.3%
  • 5–49 units60.4%
  • Mobile15011.2%
TypeUnitsShare
1-unit detached1,09181.6%
1-unit attached60.4%
2 units (duplex)352.6%
3–4 units493.7%
5–9 units60.4%
10–19 units00.0%
20–49 units00.0%
50+ units00.0%
Mobile15011.2%

2–4 unit share 6.3% · 5–49 unit share 0.4% · combined 2–49 6.7%.

Units by bedrooms

Studio
0
1BR
66
2BR
371
3BR
572
4BR
300
5+
28

Rent burden

Rent ≥30% of income32.6%
Rent ≥50% of income20.4%
  • ACS median gross rent $775 (all bedrooms, occupied rentals).
  • Median contract rent $561.
  • Renters paying ≥30% of income 32.6%; ≥50% 20.4%.
  • FY2027 2BR SAFMR $930 (1.200× ACS median gross rent).

Population

2,592 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -16.2%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 16 units.
  • 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 62288 22.0% of occupied households are renters; vacancy is 13.2%; ACS median gross rent is $775; population changed -16.2% between the 2018 and 2023 ACS vintages; the housing stock includes 84 units in 2–4-unit structures and 6 units in 5–49-unit structures; 1 LIHTC projects totaling 16 units; FY2027 2BR SAFMR is $930 versus ACS median gross rent of $775. 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 62288 is a Census / HUD profile for Randolph 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 62288?

ZIP 62288 (Randolph County, IL) has 2,592 residents, 1,160 households, a renter share of 22.0%, median household income of $69,500, and ACS 2023 median gross rent of $775. Vacancy is 13.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 62288?

ACS counts 35 units in 2-unit buildings, 49 in 3–4 unit buildings, 6 in 5–9, 0 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 90 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 62288?

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 62288 — Steeleville, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 62288 is Census / HUD research for Randolph 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.