Housing market/Illinois/ZIP 62573

ACS 2023 · FY2027 SAFMR

ZIP 62573 Warrensburg, Illinois

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

Population
1,154
Households
454
Median HH income
$91,250
Renter share
25.8%
Median gross rent
$809
Vacancy
12.7%
Pop. change
-39.6%
2BR SAFMR
$1,040
SAFMR / rent
1.286×
2–49 unit stock
88
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 62573 · IL — sent to you.

ZIP 62573 · IL

ACS median rent$809
2BR SAFMR$1,040
90% floor$936
110% ceiling$1,144

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

Housing stock

ACS 2023 units-in-structure · ZCTA 62573

  • 1-unit detached42581.7%
  • 1-unit attached30.6%
  • 2–4 units152.9%
  • 5–49 units7314.0%
  • Mobile40.8%
TypeUnitsShare
1-unit detached42581.7%
1-unit attached30.6%
2 units (duplex)30.6%
3–4 units122.3%
5–9 units387.3%
10–19 units356.7%
20–49 units00.0%
50+ units00.0%
Mobile40.8%

2–4 unit share 2.9% · 5–49 unit share 14.0% · combined 2–49 16.9%.

Units by bedrooms

Studio
0
1BR
37
2BR
77
3BR
231
4BR
167
5+
8

Rent burden

Rent ≥30% of income33.3%
Rent ≥50% of income11.1%
  • ACS median gross rent $809 (all bedrooms, occupied rentals).
  • Median contract rent $591.
  • Renters paying ≥30% of income 33.3%; ≥50% 11.1%.
  • FY2027 2BR SAFMR $1,040 (1.286× ACS median gross rent).

Population

1,154 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -39.6%.

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 62573 25.8% of occupied households are renters; vacancy is 12.7%; ACS median gross rent is $809; population changed -39.6% between the 2018 and 2023 ACS vintages; the housing stock includes 15 units in 2–4-unit structures and 73 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,040 versus ACS median gross rent of $809. 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 62573 is a Census / HUD profile for Decatur, 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 62573?

ZIP 62573 (Decatur, IL MSA) has 1,154 residents, 454 households, a renter share of 25.8%, median household income of $91,250, and ACS 2023 median gross rent of $809. Vacancy is 12.7%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 62573?

ACS counts 3 units in 2-unit buildings, 12 in 3–4 unit buildings, 38 in 5–9, 35 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 88 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 62573?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,040. See the full schedule and 90–110% payment-standard band on the ZIP 62573 — Warrensburg, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 62573 is Census / HUD research for Decatur, 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.