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Rock Island County/Silvis/61282

61282

ZIPSAFMR
Rock Island County, IL
Zillow

ZIP Investment Score

139High yield potential

095130300
BRFMR
Eff. Rent
0 BR$840$920
1 BR$900$990
2 BR$1,120$1,150
3 BR$1,480$1,570
4 BR$1,800$1,710
5 BR$2,070Not available
6 BR$2,380Not available
7 BR$2,738Not available
8 BR$3,148Not available

Purchase Price Calculator

Maximum purchase price
$108,973

Cost breakdown

+Likely effective rent$1,150
HUD FMR$1,120
Market rent$1,170
Est. payment standard (103%)Used$1,150
-Principal and interest-$551
Loan amount$87,178
Down payment$21,795
Rate6.50%
Term30 years
-Operating costs-$399
Property taxes-$109
Insurance-$175
Utilities$0
HOA$0
Management-$115
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,702(85.8% ROI)
Projected value
$117,352
Return breakdown
Property appreciation+$8,379
Loan principal paid down+$3,123
Rental cash flow+$7,200
5-year hold
+$31,890(146.3% ROI)
Projected value
$123,293
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,570
Rental cash flow+$12,000
10-year hold
+$67,794(311.1% ROI)
Projected value
$139,495
Return breakdown
Property appreciation+$30,522
Loan principal paid down+$13,272
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.80
1 BR
0.83
2 BR
0.96
3 BR
0.91
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 61282 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 61282 (Silvis, IL) is $1,120 a month. That is down 7.4% from $1,210 in FY 2026. Silvis is in the Davenport-Moline-Rock Island, IA-IL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,056. Among 24 ZIP codes in Rock Island County, 61282 is tied for the 8th-highest two-bedroom rent (county range $1,030–$1,580). The median county two-bedroom FMR in Illinois is $958, so ZIP 61282 is 17% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 61282
BedroomsFY 2027Change90–110% range
Studio$840−3.4%$756–$924
1BR$900−8.2%$810–$990
2BR$1,120−7.4%$1,008–$1,232
3BR$1,480−6.9%$1,332–$1,628
4BR$1,800−6.7%$1,620–$1,980

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 61282
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$840$900$1,120$1,480$1,800
FY 2026$870$980$1,210$1,590$1,930
FY 2025$730$860$1,060$1,380$1,630
FY 2024$670$800$990$1,300$1,490
FY 2023$630$760$940$1,240$1,400

Two-bedroom rent in nearby Rock Island County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 61282
61260$1,030−8.0%
61264$1,150+2.7%
61265$1,050−6.2%
61266$1,030−8.0%
61272$1,030−8.0%
61273$1,030−8.0%
61275$1,050−6.2%
61278$1,260+12.5%
61279$1,180+5.4%
61281$1,030−8.0%
61282Current$1,120—
61284$1,260+12.5%

Questions about ZIP 61282 rents

How much will Section 8 pay for a two-bedroom in ZIP 61282?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,056, which applies unless the housing authority uses Small Area FMRs, that basic range is $950 to $1,162 a month; under the ZIP-level Small Area FMR of $1,120 it would be $1,008 to $1,232. 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 ZIP 61282 in?

ZIP 61282 is in the Davenport-Moline-Rock Island, IA-IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,056.

How much did fair market rent change in ZIP 61282 for FY 2027?

The two-bedroom FMR fell 7.4%, from $1,210 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 19.1%.

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

County fair market rentSilvis, IL fair market rentIL statewide rentsWhat is SAFMR?Data sources