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St. Clair County/O Fallon/62269

62269

ZIPSAFMR
St. Clair County, IL
Zillow

ZIP Investment Score

105Above average

095130300
BRFMR
Eff. Rent
0 BR$1,240$1,050
1 BR$1,290$1,160
2 BR$1,570$1,250
3 BR$2,010$1,860
4 BR$2,320$2,390
5 BR$2,668Not available
6 BR$3,068Not available
7 BR$3,528Not available
8 BR$4,058Not available

Purchase Price Calculator

Maximum purchase price
$123,833

Cost breakdown

+Likely effective rent$1,250
HUD FMR$1,570
Market rentUsed$1,250
Est. payment standard (90%)$1,410
-Principal and interest-$626
Loan amount$99,066
Down payment$24,767
Rate6.50%
Term30 years
-Operating costs-$424
Property taxes-$124
Insurance-$175
Utilities$0
HOA$0
Management-$125
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,271(81.8% ROI)
Projected value
$133,355
Return breakdown
Property appreciation+$9,522
Loan principal paid down+$3,549
Rental cash flow+$7,200
5-year hold
+$34,602(139.7% ROI)
Projected value
$140,106
Return breakdown
Property appreciation+$16,273
Loan principal paid down+$6,329
Rental cash flow+$12,000
10-year hold
+$73,765(297.8% ROI)
Projected value
$158,517
Return breakdown
Property appreciation+$34,684
Loan principal paid down+$15,082
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.18
1 BR
1.11
2 BR
1.26
3 BR
1.08
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 62269 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62269 (O Fallon, IL) is $1,570 a month. That is up 10.6% from $1,420 in FY 2026. O Fallon 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, 62269 has the 2nd-highest two-bedroom rent (county range $960–$2,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 62269 is 64% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62269
BedroomsFY 2027Change90–110% range
Studio$1,240+11.7%$1,116–$1,364
1BR$1,290+11.2%$1,161–$1,419
2BR$1,570+10.6%$1,413–$1,727
3BR$2,010+9.8%$1,809–$2,211
4BR$2,320+10.0%$2,088–$2,552

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62269
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,240$1,290$1,570$2,010$2,320
FY 2026$1,110$1,160$1,420$1,830$2,110
FY 2025$1,130$1,170$1,440$1,860$2,140
FY 2024$1,080$1,130$1,410$1,830$2,120
FY 2023$870$920$1,160$1,500$1,760

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62269
62254$1,400−10.8%
62255$1,060−32.5%
62257$960−38.9%
62258$1,550−1.3%
62260$1,370−12.7%
62264$1,200−23.6%
62265$1,430−8.9%
62269Current$1,570—
62282$990−36.9%
62285$1,040−33.8%
62289$1,010−35.7%
62293$1,110−29.3%

Questions about ZIP 62269 rents

How much will Section 8 pay for a two-bedroom in ZIP 62269?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,570, that basic range is $1,413 to $1,727 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 62269 in?

ZIP 62269 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 62269 for FY 2027?

The two-bedroom FMR rose 10.6%, from $1,420 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 35.3%.

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