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St. Clair County/Belleville/62220

62220

ZIPSAFMR
St. Clair County, IL
Zillow

ZIP Investment Score

168High yield potential

095130300
BRFMR
Eff. Rent
0 BR$960$870
1 BR$1,000$990
2 BR$1,220$1,140
3 BR$1,570$1,730
4 BR$1,810$1,990
5 BR$2,082Not available
6 BR$2,394Not available
7 BR$2,753Not available
8 BR$3,166Not available

Purchase Price Calculator

Maximum purchase price
$107,487

Cost breakdown

+Likely effective rent$1,140
HUD FMR$1,220
Market rentUsed$1,140
Est. payment standard (96%)$1,170
-Principal and interest-$544
Loan amount$85,990
Down payment$21,497
Rate6.50%
Term30 years
-Operating costs-$396
Property taxes-$107
Insurance-$175
Utilities$0
HOA$0
Management-$114
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,546(86.3% ROI)
Projected value
$115,752
Return breakdown
Property appreciation+$8,265
Loan principal paid down+$3,081
Rental cash flow+$7,200
5-year hold
+$31,619(147.1% ROI)
Projected value
$121,612
Return breakdown
Property appreciation+$14,125
Loan principal paid down+$5,494
Rental cash flow+$12,000
10-year hold
+$67,196(312.6% ROI)
Projected value
$137,592
Return breakdown
Property appreciation+$30,105
Loan principal paid down+$13,091
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.10
1 BR
1.01
2 BR
1.07
3 BR
0.85
4 BR
0.81
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 62220 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62220 (Belleville, IL) is $1,220 a month. That is up 13.0% from $1,080 in FY 2026. Belleville 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, 62220 has the 23rd-highest two-bedroom rent (county range $960–$2,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 62220 is 27% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62220
BedroomsFY 2027Change90–110% range
Studio$960+12.9%$864–$1,056
1BR$1,000+13.6%$900–$1,100
2BR$1,220+13.0%$1,098–$1,342
3BR$1,570+12.9%$1,413–$1,727
4BR$1,810+12.4%$1,629–$1,991

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62220
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$960$1,000$1,220$1,570$1,810
FY 2026$850$880$1,080$1,390$1,610
FY 2025$860$890$1,100$1,420$1,640
FY 2024$850$890$1,110$1,440$1,670
FY 2023$700$740$930$1,200$1,410

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62220
62205$1,300+6.6%
62206$1,270+4.1%
62207$1,080−11.5%
62208$1,450+18.9%
62220Current$1,220—
62221$1,370+12.3%
62222$1,320+8.2%
62223$1,310+7.4%
62225$2,020+65.6%
62226$1,210−0.8%
62232$1,280+4.9%
62234$1,250+2.5%

Questions about ZIP 62220 rents

How much will Section 8 pay for a two-bedroom in ZIP 62220?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,220, that basic range is $1,098 to $1,342 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 62220 in?

ZIP 62220 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 62220 for FY 2027?

The two-bedroom FMR rose 13.0%, from $1,080 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 31.2%.

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