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IL/Monroe County/Maeystown

Maeystown, IL

CitySAFMR
Monroe County
Found 1 ZIP

City Median Investment Score

128Above average

095130300
BRFMR
Eff. Rent
0 BR$1,000$1,000
1 BR$1,040$1,040
2 BR$1,270$1,270
3 BR$1,630$1,630
4 BR$1,880$1,880
5 BR$2,162Not available
6 BR$2,486Not available
7 BR$2,859Not available
8 BR$3,288Not available

Purchase Price Calculator

Maximum purchase price
$126,805

Cost breakdown

+Likely effective rent$1,270
HUD FMRUsed$1,270
Market rentN/A
Est. payment standardN/A
-Principal and interest-$641
Loan amount$101,444
Down payment$25,361
Rate6.50%
Term30 years
-Operating costs-$429
Property taxes-$127
Insurance-$175
Utilities$0
HOA$0
Management-$127
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,585(81.2% ROI)
Projected value
$136,555
Return breakdown
Property appreciation+$9,750
Loan principal paid down+$3,634
Rental cash flow+$7,200
5-year hold
+$35,144(138.6% ROI)
Projected value
$143,468
Return breakdown
Property appreciation+$16,663
Loan principal paid down+$6,481
Rental cash flow+$12,000
10-year hold
+$74,960(295.6% ROI)
Projected value
$162,321
Return breakdown
Property appreciation+$35,516
Loan principal paid down+$15,444
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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Maeystown, IL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Maeystown, IL is $1,270 a month. That is up 9.5% from $1,160 in FY 2026. Maeystown is in the St. Louis, MO-IL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Illinois is $958, so Maeystown is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Maeystown, IL
BedroomsFY 2027Change90–110% range
Studio$1,000+9.9%$900–$1,100
1BR$1,040+9.5%$936–$1,144
2BR$1,270+9.5%$1,143–$1,397
3BR$1,630+9.4%$1,467–$1,793
4BR$1,880+8.7%$1,692–$2,068

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Maeystown, IL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,000$1,040$1,270$1,630$1,880
FY 2026$910$950$1,160$1,490$1,730
FY 2025$900$930$1,150$1,490$1,710
FY 2024$880$920$1,150$1,490$1,730
FY 2023$710$760$950$1,230$1,440

Questions about Maeystown, IL rents

How much will Section 8 pay for a two-bedroom in Maeystown, IL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,270, that basic range is $1,143 to $1,397 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Maeystown, IL in?

Maeystown, IL is in the St. Louis, MO-IL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Maeystown, IL for FY 2027?

The two-bedroom FMR rose 9.5%, from $1,160 in FY 2026 to $1,270 in FY 2027. Since FY 2023 it has risen 33.7%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set