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Clinton County/New Baden/62265

62265

ZIPSAFMR
Clinton County, IL
Zillow

ZIP Investment Score

125Above average

095130300
BRFMR
Eff. Rent
0 BR$1,130$1,130
1 BR$1,170$1,170
2 BR$1,430$1,430
3 BR$1,840$1,840
4 BR$2,120$2,120
5 BR$2,438Not available
6 BR$2,804Not available
7 BR$3,224Not available
8 BR$3,708Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMRUsed$1,430
Market rentN/A
Est. payment standardN/A
-Principal and interest-$761
Loan amount$120,465
Down payment$30,116
Rate6.50%
Term30 years
-Operating costs-$469
Property taxes-$151
Insurance-$175
Utilities$0
HOA$0
Management-$143
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,094(76.7% ROI)
Projected value
$162,159
Return breakdown
Property appreciation+$11,578
Loan principal paid down+$4,316
Rental cash flow+$7,200
5-year hold
+$39,484(131.1% ROI)
Projected value
$170,368
Return breakdown
Property appreciation+$19,788
Loan principal paid down+$7,697
Rental cash flow+$12,000
10-year hold
+$84,515(280.6% ROI)
Projected value
$192,756
Return breakdown
Property appreciation+$42,175
Loan principal paid down+$18,339
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 62265 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62265 (New Baden, IL) is $1,430 a month. That is up 5.9% from $1,350 in FY 2026. New Baden 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, 62265 has the 2nd-highest two-bedroom rent (county range $960–$1,550). The median county two-bedroom FMR in Illinois is $958, so ZIP 62265 is 49% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62265
BedroomsFY 2027Change90–110% range
Studio$1,130+6.6%$1,017–$1,243
1BR$1,170+6.4%$1,053–$1,287
2BR$1,430+5.9%$1,287–$1,573
3BR$1,840+5.7%$1,656–$2,024
4BR$2,120+5.5%$1,908–$2,332

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62265
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,130$1,170$1,430$1,840$2,120
FY 2026$1,060$1,100$1,350$1,740$2,010
FY 2025$1,050$1,090$1,340$1,730$1,990
FY 2024$1,020$1,070$1,330$1,720$2,000
FY 2023$820$870$1,090$1,410$1,650

Two-bedroom rent in nearby Clinton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62265
62231$1,260−11.9%
62245$990−30.8%
62246$970−32.2%
62249$1,020−28.7%
62250$960−32.9%
62252$1,210−15.4%
62253$960−32.9%
62258$1,550+8.4%
62265Current$1,430—
62266$1,290−9.8%
62275$1,080−24.5%
62293$1,110−22.4%

Questions about ZIP 62265 rents

How much will Section 8 pay for a two-bedroom in ZIP 62265?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,430, that basic range is $1,287 to $1,573 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 62265 in?

ZIP 62265 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 62265 for FY 2027?

The two-bedroom FMR rose 5.9%, from $1,350 in FY 2026 to $1,430 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 rentNew Baden, IL fair market rentIL statewide rentsWhat is SAFMR?Data sources