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Madison County/Roxana/62084

62084

ZIPSAFMR
Madison County, IL
Zillow

ZIP Investment Score

165High yield potential

095130300
BRFMR
Eff. Rent
0 BR$930$810
1 BR$970$860
2 BR$1,180$1,010
3 BR$1,510$1,390
4 BR$1,750$1,490
5 BR$2,012Not available
6 BR$2,314Not available
7 BR$2,662Not available
8 BR$3,061Not available

Purchase Price Calculator

Maximum purchase price
$88,169

Cost breakdown

+Likely effective rent$1,010
HUD FMR$1,180
Market rentUsed$1,010
Est. payment standard (91%)$1,070
-Principal and interest-$446
Loan amount$70,535
Down payment$17,634
Rate6.50%
Term30 years
-Operating costs-$364
Property taxes-$88
Insurance-$175
Utilities$0
HOA$0
Management-$101
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,506(93.6% ROI)
Projected value
$94,948
Return breakdown
Property appreciation+$6,779
Loan principal paid down+$2,527
Rental cash flow+$7,200
5-year hold
+$28,093(159.3% ROI)
Projected value
$99,755
Return breakdown
Property appreciation+$11,586
Loan principal paid down+$4,507
Rental cash flow+$12,000
10-year hold
+$59,433(337.0% ROI)
Projected value
$112,864
Return breakdown
Property appreciation+$24,695
Loan principal paid down+$10,738
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.15
1 BR
1.13
2 BR
1.17
3 BR
1.09
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 62084 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62084 (Roxana, IL) is $1,180 a month. That is up 11.3% from $1,060 in FY 2026. Roxana 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. Among 37 ZIP codes in Madison County, 62084 is tied for the 17th-highest two-bedroom rent (county range $960–$1,590). The median county two-bedroom FMR in Illinois is $958, so ZIP 62084 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62084
BedroomsFY 2027Change90–110% range
Studio$930+12.0%$837–$1,023
1BR$970+11.5%$873–$1,067
2BR$1,180+11.3%$1,062–$1,298
3BR$1,510+11.0%$1,359–$1,661
4BR$1,750+10.8%$1,575–$1,925

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62084
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$970$1,180$1,510$1,750
FY 2026$830$870$1,060$1,360$1,580
FY 2025$840$880$1,090$1,410$1,640
FY 2024$800$840$1,040$1,350$1,560
FY 2023$640$680$860$1,110$1,310

Two-bedroom rent in nearby Madison County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62084
62060$1,250+5.9%
62061$1,160−1.7%
62062$1,240+5.1%
62067$1,280+8.5%
62074$960−18.6%
62084Current$1,180—
62086$1,020−13.6%
62087$1,010−14.4%
62088$1,070−9.3%
62090$1,140−3.4%
62095$1,140−3.4%
62097$1,200+1.7%

Questions about ZIP 62084 rents

How much will Section 8 pay for a two-bedroom in ZIP 62084?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,180, that basic range is $1,062 to $1,298 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 ZIP 62084 in?

ZIP 62084 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 ZIP 62084 for FY 2027?

The two-bedroom FMR rose 11.3%, from $1,060 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 37.2%.

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