Skip to main content
Loading page
St. Clair County/Belleville/62221

62221

ZIPSAFMR
St. Clair County, IL
Zillow

ZIP Investment Score

127Above average

095130300
BRFMR
Eff. Rent
0 BR$1,080$870
1 BR$1,120$950
2 BR$1,370$1,160
3 BR$1,760$1,930
4 BR$2,030$2,230
5 BR$2,335Not available
6 BR$2,685Not available
7 BR$3,087Not available
8 BR$3,550Not available

Purchase Price Calculator

Maximum purchase price
$110,459

Cost breakdown

+Likely effective rent$1,160
HUD FMR$1,370
Market rentUsed$1,160
Est. payment standard (90%)$1,230
-Principal and interest-$559
Loan amount$88,367
Down payment$22,092
Rate6.50%
Term30 years
-Operating costs-$401
Property taxes-$110
Insurance-$175
Utilities$0
HOA$0
Management-$116
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,859(85.4% ROI)
Projected value
$118,952
Return breakdown
Property appreciation+$8,493
Loan principal paid down+$3,166
Rental cash flow+$7,200
5-year hold
+$32,161(145.6% ROI)
Projected value
$124,974
Return breakdown
Property appreciation+$14,515
Loan principal paid down+$5,646
Rental cash flow+$12,000
10-year hold
+$68,391(309.6% ROI)
Projected value
$141,397
Return breakdown
Property appreciation+$30,938
Loan principal paid down+$13,453
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.24
1 BR
1.18
2 BR
1.18
3 BR
0.87
4 BR
0.83
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 62221 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62221 (Belleville, IL) is $1,370 a month. That is up 11.4% from $1,230 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, 62221 is tied for the 7th-highest two-bedroom rent (county range $960–$2,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 62221 is 43% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62221
BedroomsFY 2027Change90–110% range
Studio$1,080+12.5%$972–$1,188
1BR$1,120+12.0%$1,008–$1,232
2BR$1,370+11.4%$1,233–$1,507
3BR$1,760+11.4%$1,584–$1,936
4BR$2,030+10.9%$1,827–$2,233

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62221
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,080$1,120$1,370$1,760$2,030
FY 2026$960$1,000$1,230$1,580$1,830
FY 2025$960$1,000$1,230$1,590$1,830
FY 2024$930$970$1,210$1,570$1,820
FY 2023$730$780$980$1,270$1,480

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62221
62206$1,270−7.3%
62207$1,080−21.2%
62208$1,450+5.8%
62220$1,220−10.9%
62221Current$1,370—
62222$1,320−3.6%
62223$1,310−4.4%
62225$2,020+47.4%
62226$1,210−11.7%
62232$1,280−6.6%
62234$1,250−8.8%
62236$1,360−0.7%

Questions about ZIP 62221 rents

How much will Section 8 pay for a two-bedroom in ZIP 62221?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,370, that basic range is $1,233 to $1,507 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 62221 in?

ZIP 62221 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 62221 for FY 2027?

The two-bedroom FMR rose 11.4%, from $1,230 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 39.8%.

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