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Christian County/Mount Auburn/62547

62547

ZIPSAFMR
Christian County, IL
Zillow

ZIP Investment Score

111Above average

095130300
BRFMR
Eff. Rent
0 BR$910$910
1 BR$1,000$1,000
2 BR$1,310$1,310
3 BR$1,560$1,560
4 BR$1,970$1,970
5 BR$2,266Not available
6 BR$2,605Not available
7 BR$2,996Not available
8 BR$3,446Not available

Purchase Price Calculator

Maximum purchase price
$132,749

Cost breakdown

+Likely effective rent$1,310
HUD FMRUsed$1,310
Market rentN/A
Est. payment standardN/A
-Principal and interest-$671
Loan amount$106,199
Down payment$26,550
Rate6.50%
Term30 years
-Operating costs-$439
Property taxes-$133
Insurance-$175
Utilities$0
HOA$0
Management-$131
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,212(79.9% ROI)
Projected value
$142,956
Return breakdown
Property appreciation+$10,207
Loan principal paid down+$3,805
Rental cash flow+$7,200
5-year hold
+$36,229(136.5% ROI)
Projected value
$150,193
Return breakdown
Property appreciation+$17,444
Loan principal paid down+$6,785
Rental cash flow+$12,000
10-year hold
+$77,349(291.3% ROI)
Projected value
$169,930
Return breakdown
Property appreciation+$37,181
Loan principal paid down+$16,168
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 62547 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62547 (Mount Auburn, IL) is $1,310 a month. That is unchanged from FY 2026. Mount Auburn is in the Christian County, IL non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $939. Among 21 ZIP codes in Christian County, 62547 has the 3rd-highest two-bedroom rent (county range $930–$1,740). The median county two-bedroom FMR in Illinois is $958, so ZIP 62547 is 37% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62547
BedroomsFY 2027Change90–110% range
Studio$910+1.1%$819–$1,001
1BR$1,0000.0%$900–$1,100
2BR$1,3100.0%$1,179–$1,441
3BR$1,560−0.6%$1,404–$1,716
4BR$1,970+3.1%$1,773–$2,167

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62547
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$910$1,000$1,310$1,560$1,970
FY 2026$900$1,000$1,310$1,570$1,910
FY 2025$790$870$1,140$1,380$1,580
FY 2024$790$880$1,080$1,470$1,600
FY 2023$660$770$940$1,310$1,390

Two-bedroom rent in nearby Christian County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62547
62531$970−26.0%
62538$930−29.0%
62540$930−29.0%
62545$1,100−16.0%
62546$930−29.0%
62547Current$1,310—
62550$1,080−17.6%
62555$930−29.0%
62556$930−29.0%
62557$930−29.0%
62558$1,110−15.3%
62560$1,080−17.6%

Questions about ZIP 62547 rents

How much will Section 8 pay for a two-bedroom in ZIP 62547?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $939, which applies unless the housing authority uses Small Area FMRs, that basic range is $845 to $1,033 a month; under the ZIP-level Small Area FMR of $1,310 it would be $1,179 to $1,441. 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 62547 in?

ZIP 62547 is in the Christian County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $939.

How much did fair market rent change in ZIP 62547 for FY 2027?

The two-bedroom FMR was unchanged at $1,310 in FY 2027. Since FY 2023 it has risen 39.4%.

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