Skip to main content
Loading page
St. Clair County/Fairview Heights/62208

62208

ZIPSAFMR
St. Clair County, IL
Zillow

ZIP Investment Score

146High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,140$1,140
1 BR$1,190$860
2 BR$1,450$1,340
3 BR$1,860$1,790
4 BR$2,150$2,320
5 BR$2,473Not available
6 BR$2,843Not available
7 BR$3,270Not available
8 BR$3,760Not available

Purchase Price Calculator

Maximum purchase price
$137,207

Cost breakdown

+Likely effective rent$1,340
HUD FMR$1,450
Market rentUsed$1,340
Est. payment standard (95%)$1,380
-Principal and interest-$694
Loan amount$109,766
Down payment$27,441
Rate6.50%
Term30 years
-Operating costs-$446
Property taxes-$137
Insurance-$175
Utilities$0
HOA$0
Management-$134
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,683(79.0% ROI)
Projected value
$147,757
Return breakdown
Property appreciation+$10,550
Loan principal paid down+$3,933
Rental cash flow+$7,200
5-year hold
+$37,043(135.0% ROI)
Projected value
$155,237
Return breakdown
Property appreciation+$18,030
Loan principal paid down+$7,013
Rental cash flow+$12,000
10-year hold
+$79,140(288.4% ROI)
Projected value
$175,637
Return breakdown
Property appreciation+$38,430
Loan principal paid down+$16,711
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

1 BR
1.38
2 BR
1.08
3 BR
1.04
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 62208 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62208 (Fairview Heights, IL) is $1,450 a month. That is up 9.8% from $1,320 in FY 2026. Fairview Heights 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 St. Clair County, 62208 has the 4th-highest two-bedroom rent (county range $960–$2,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 62208 is 51% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62208
BedroomsFY 2027Change90–110% range
Studio$1,140+9.6%$1,026–$1,254
1BR$1,190+10.2%$1,071–$1,309
2BR$1,450+9.8%$1,305–$1,595
3BR$1,860+9.4%$1,674–$2,046
4BR$2,150+9.7%$1,935–$2,365

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62208
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,140$1,190$1,450$1,860$2,150
FY 2026$1,040$1,080$1,320$1,700$1,960
FY 2025$1,030$1,070$1,320$1,710$1,960
FY 2024$1,020$1,070$1,330$1,720$2,000
FY 2023$840$890$1,120$1,450$1,700

Two-bedroom rent in nearby St. Clair County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62208
62201$990−31.7%
62202$1,320−9.0%
62203$1,230−15.2%
62204$1,040−28.3%
62205$1,300−10.3%
62206$1,270−12.4%
62207$1,080−25.5%
62208Current$1,450—
62220$1,220−15.9%
62221$1,370−5.5%
62222$1,320−9.0%
62223$1,310−9.7%

Questions about ZIP 62208 rents

How much will Section 8 pay for a two-bedroom in ZIP 62208?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,450, that basic range is $1,305 to $1,595 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 62208 in?

ZIP 62208 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 62208 for FY 2027?

The two-bedroom FMR rose 9.8%, from $1,320 in FY 2026 to $1,450 in FY 2027. Since FY 2023 it has risen 29.5%.

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