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Clinton County/Germantown/62245

62245

ZIPSAFMR
Clinton County, IL
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$780$780
1 BR$810$810
2 BR$990$990
3 BR$1,270$1,270
4 BR$1,470$1,470
5 BR$1,690Not available
6 BR$1,944Not available
7 BR$2,236Not available
8 BR$2,571Not available

Purchase Price Calculator

Maximum purchase price
$85,197

Cost breakdown

+Likely effective rent$990
HUD FMRUsed$990
Market rentN/A
Est. payment standardN/A
-Principal and interest-$431
Loan amount$68,158
Down payment$17,039
Rate6.50%
Term30 years
-Operating costs-$359
Property taxes-$85
Insurance-$175
Utilities$0
HOA$0
Management-$99
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,193(95.0% ROI)
Projected value
$91,748
Return breakdown
Property appreciation+$6,551
Loan principal paid down+$2,442
Rental cash flow+$7,200
5-year hold
+$27,550(161.7% ROI)
Projected value
$96,393
Return breakdown
Property appreciation+$11,196
Loan principal paid down+$4,355
Rental cash flow+$12,000
10-year hold
+$58,239(341.8% ROI)
Projected value
$109,059
Return breakdown
Property appreciation+$23,862
Loan principal paid down+$10,376
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 62245 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62245 (Germantown, IL) is $990 a month. That is unchanged from FY 2026. Germantown 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, 62245 has the 15th-highest two-bedroom rent (county range $960–$1,550). The median county two-bedroom FMR in Illinois is $958, so ZIP 62245 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62245
BedroomsFY 2027Change90–110% range
Studio$780+2.6%$702–$858
1BR$810+1.3%$729–$891
2BR$9900.0%$891–$1,089
3BR$1,2700.0%$1,143–$1,397
4BR$1,470−0.7%$1,323–$1,617

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62245
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$780$810$990$1,270$1,470
FY 2026$760$800$990$1,270$1,480
FY 2025$840$880$1,090$1,410$1,640
FY 2024$730$760$950$1,230$1,430
FY 2023$630$680$860$1,110$1,310

Two-bedroom rent in nearby Clinton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62245
62219$1,260+27.3%
62230$1,070+8.1%
62231$1,260+27.3%
62245Current$990—
62246$970−2.0%
62249$1,020+3.0%
62250$960−3.0%
62252$1,210+22.2%
62253$960−3.0%
62258$1,550+56.6%
62265$1,430+44.4%
62266$1,290+30.3%

Questions about ZIP 62245 rents

How much will Section 8 pay for a two-bedroom in ZIP 62245?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $990, that basic range is $891 to $1,089 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 62245 in?

ZIP 62245 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 62245 for FY 2027?

The two-bedroom FMR was unchanged at $990 in FY 2027. Since FY 2023 it has risen 15.1%.

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