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St. Clair County/Lebanon/62254

62254

ZIPSAFMR
St. Clair County, IL
Zillow

ZIP Investment Score

140High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,180
1 BR$1,150$1,140
2 BR$1,400$1,220
3 BR$1,800$1,850
4 BR$2,070$2,280
5 BR$2,381Not available
6 BR$2,738Not available
7 BR$3,148Not available
8 BR$3,620Not available

Purchase Price Calculator

Maximum purchase price
$119,375

Cost breakdown

+Likely effective rent$1,220
HUD FMR$1,400
Market rentUsed$1,220
Est. payment standard (92%)$1,280
-Principal and interest-$604
Loan amount$95,500
Down payment$23,875
Rate6.50%
Term30 years
-Operating costs-$416
Property taxes-$119
Insurance-$175
Utilities$0
HOA$0
Management-$122
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,800(82.9% ROI)
Projected value
$128,554
Return breakdown
Property appreciation+$9,179
Loan principal paid down+$3,422
Rental cash flow+$7,200
5-year hold
+$33,788(141.5% ROI)
Projected value
$135,062
Return breakdown
Property appreciation+$15,687
Loan principal paid down+$6,102
Rental cash flow+$12,000
10-year hold
+$71,974(301.5% ROI)
Projected value
$152,810
Return breakdown
Property appreciation+$33,435
Loan principal paid down+$14,539
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
1.01
2 BR
1.15
3 BR
0.96
4 BR
0.85
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 62254 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62254 (Lebanon, IL) is $1,400 a month. That is up 4.5% from $1,340 in FY 2026. Lebanon 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, 62254 has the 6th-highest two-bedroom rent (county range $960–$2,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 62254 is 46% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62254
BedroomsFY 2027Change90–110% range
Studio$1,100+4.8%$990–$1,210
1BR$1,150+5.5%$1,035–$1,265
2BR$1,400+4.5%$1,260–$1,540
3BR$1,800+4.7%$1,620–$1,980
4BR$2,070+4.0%$1,863–$2,277

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62254
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,150$1,400$1,800$2,070
FY 2026$1,050$1,090$1,340$1,720$1,990
FY 2025$1,050$1,090$1,340$1,730$1,990
FY 2024$970$1,020$1,270$1,640$1,910
FY 2023$750$800$1,000$1,300$1,510

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62254
62236$1,360−2.9%
62239$1,130−19.3%
62240$1,230−12.1%
62243$1,360−2.9%
62254Current$1,400—
62255$1,060−24.3%
62257$960−31.4%
62258$1,550+10.7%
62260$1,370−2.1%
62264$1,200−14.3%
62265$1,430+2.1%
62269$1,570+12.1%

Questions about ZIP 62254 rents

How much will Section 8 pay for a two-bedroom in ZIP 62254?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,400, that basic range is $1,260 to $1,540 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 62254 in?

ZIP 62254 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 62254 for FY 2027?

The two-bedroom FMR rose 4.5%, from $1,340 in FY 2026 to $1,400 in FY 2027. Since FY 2023 it has risen 40.0%.

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