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St. Clair County/Mascoutah/62258

62258

ZIPSAFMR
St. Clair County, IL
Zillow

ZIP Investment Score

112Above average

095130300
BRFMR
Eff. Rent
0 BR$1,220$1,220
1 BR$1,270$1,270
2 BR$1,550$1,550
3 BR$1,990$1,990
4 BR$2,300$2,300
5 BR$2,645Not available
6 BR$3,042Not available
7 BR$3,498Not available
8 BR$4,023Not available

Purchase Price Calculator

Maximum purchase price
$168,413

Cost breakdown

+Likely effective rent$1,550
HUD FMRUsed$1,550
Market rentN/A
Est. payment standardN/A
-Principal and interest-$852
Loan amount$134,730
Down payment$33,683
Rate6.50%
Term30 years
-Operating costs-$498
Property taxes-$168
Insurance-$175
Utilities$0
HOA$0
Management-$155
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,976(74.2% ROI)
Projected value
$181,362
Return breakdown
Property appreciation+$12,949
Loan principal paid down+$4,827
Rental cash flow+$7,200
5-year hold
+$42,739(126.9% ROI)
Projected value
$190,544
Return breakdown
Property appreciation+$22,131
Loan principal paid down+$8,608
Rental cash flow+$12,000
10-year hold
+$91,681(272.2% ROI)
Projected value
$215,583
Return breakdown
Property appreciation+$47,170
Loan principal paid down+$20,511
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
--
Tax rate
--
Mortgage rate
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ZIP 62258 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62258 (Mascoutah, IL) is $1,550 a month. That is up 18.3% from $1,310 in FY 2026. Mascoutah 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, 62258 has the 3rd-highest two-bedroom rent (county range $960–$2,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 62258 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62258
BedroomsFY 2027Change90–110% range
Studio$1,220+18.4%$1,098–$1,342
1BR$1,270+18.7%$1,143–$1,397
2BR$1,550+18.3%$1,395–$1,705
3BR$1,990+17.8%$1,791–$2,189
4BR$2,300+17.9%$2,070–$2,530

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62258
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,220$1,270$1,550$1,990$2,300
FY 2026$1,030$1,070$1,310$1,690$1,950
FY 2025$990$1,030$1,270$1,640$1,890
FY 2024$950$1,000$1,240$1,610$1,860
FY 2023$790$840$1,050$1,360$1,590

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62258
62236$1,360−12.3%
62239$1,130−27.1%
62240$1,230−20.6%
62243$1,360−12.3%
62254$1,400−9.7%
62255$1,060−31.6%
62257$960−38.1%
62258Current$1,550—
62260$1,370−11.6%
62264$1,200−22.6%
62265$1,430−7.7%
62269$1,570+1.3%

Questions about ZIP 62258 rents

How much will Section 8 pay for a two-bedroom in ZIP 62258?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,550, that basic range is $1,395 to $1,705 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 62258 in?

ZIP 62258 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 62258 for FY 2027?

The two-bedroom FMR rose 18.3%, from $1,310 in FY 2026 to $1,550 in FY 2027. Since FY 2023 it has risen 47.6%.

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