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Clinton County/Bartelso/62218

62218

ZIPSAFMR
Clinton County, IL
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$820$820
1 BR$910$910
2 BR$1,080$1,080
3 BR$1,410$1,410
4 BR$1,570$1,570
5 BR$1,805Not available
6 BR$2,076Not available
7 BR$2,388Not available
8 BR$2,746Not available

Purchase Price Calculator

Maximum purchase price
$98,571

Cost breakdown

+Likely effective rent$1,080
HUD FMRUsed$1,080
Market rentN/A
Est. payment standardN/A
-Principal and interest-$498
Loan amount$78,857
Down payment$19,714
Rate6.50%
Term30 years
-Operating costs-$382
Property taxes-$99
Insurance-$175
Utilities$0
HOA$0
Management-$108
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,604(89.3% ROI)
Projected value
$106,150
Return breakdown
Property appreciation+$7,579
Loan principal paid down+$2,825
Rental cash flow+$7,200
5-year hold
+$29,991(152.1% ROI)
Projected value
$111,524
Return breakdown
Property appreciation+$12,953
Loan principal paid down+$5,038
Rental cash flow+$12,000
10-year hold
+$63,613(322.7% ROI)
Projected value
$126,179
Return breakdown
Property appreciation+$27,608
Loan principal paid down+$12,005
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
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Tax rate
--
Mortgage rate
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ZIP 62218 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62218 (Bartelso, IL) is $1,080 a month. That is up 5.9% from $1,020 in FY 2026. Bartelso 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 20 ZIP codes in Clinton County, 62218 is tied for the 11th-highest two-bedroom rent (county range $960–$1,550). The median county two-bedroom FMR in Illinois is $958, so ZIP 62218 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62218
BedroomsFY 2027Change90–110% range
Studio$820+6.5%$738–$902
1BR$910+5.8%$819–$1,001
2BR$1,080+5.9%$972–$1,188
3BR$1,410+6.0%$1,269–$1,551
4BR$1,570+6.1%$1,413–$1,727

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62218
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$820$910$1,080$1,410$1,570
FY 2026$770$860$1,020$1,330$1,480
FY 2025$840$880$1,090$1,410$1,640
FY 2024$810$840$1,050$1,360$1,580
FY 2023$660$700$880$1,140$1,330

Two-bedroom rent in nearby Clinton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62218
62215$1,330+23.1%
62216$1,250+15.7%
62218Current$1,080—
62219$1,260+16.7%
62230$1,070−0.9%
62231$1,260+16.7%
62245$990−8.3%
62246$970−10.2%
62249$1,020−5.6%
62250$960−11.1%
62252$1,210+12.0%
62253$960−11.1%

Questions about ZIP 62218 rents

How much will Section 8 pay for a two-bedroom in ZIP 62218?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,080, that basic range is $972 to $1,188 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 62218 in?

ZIP 62218 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 62218 for FY 2027?

The two-bedroom FMR rose 5.9%, from $1,020 in FY 2026 to $1,080 in FY 2027. Since FY 2023 it has risen 22.7%.

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

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