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Macon County/Mt Zion/62549

62549

ZIPSAFMR
Macon County, IL
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$760$840
1 BR$770$850
2 BR$970$1,070
3 BR$1,250$1,380
4 BR$1,540$1,660
5 BR$1,771Not available
6 BR$2,037Not available
7 BR$2,342Not available
8 BR$2,693Not available

Purchase Price Calculator

Maximum purchase price
$97,085

Cost breakdown

+Likely effective rent$1,070
HUD FMR$970
Market rent$1,520
Est. payment standard (110%)Used$1,070
-Principal and interest-$491
Loan amount$77,668
Down payment$19,417
Rate6.50%
Term30 years
-Operating costs-$379
Property taxes-$97
Insurance-$175
Utilities$0
HOA$0
Management-$107
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,448(89.9% ROI)
Projected value
$104,550
Return breakdown
Property appreciation+$7,465
Loan principal paid down+$2,783
Rental cash flow+$7,200
5-year hold
+$29,720(153.1% ROI)
Projected value
$109,843
Return breakdown
Property appreciation+$12,758
Loan principal paid down+$4,962
Rental cash flow+$12,000
10-year hold
+$63,016(324.5% ROI)
Projected value
$124,277
Return breakdown
Property appreciation+$27,192
Loan principal paid down+$11,824
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.65
1 BR
0.60
2 BR
0.64
3 BR
0.72
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 62549 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62549 (Mt Zion, IL) is $970 a month. That is down 2.0% from $990 in FY 2026. Mt Zion is in the Decatur, IL MSA. 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 metro-wide two-bedroom FMR of $1,091. Among 29 ZIP codes in Macon County, 62549 has the 26th-highest two-bedroom rent (county range $960–$1,450). The median county two-bedroom FMR in Illinois is $958, so ZIP 62549 is 1% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62549
BedroomsFY 2027Change90–110% range
Studio$760−2.6%$684–$836
1BR$770−2.5%$693–$847
2BR$970−2.0%$873–$1,067
3BR$1,250−2.3%$1,125–$1,375
4BR$1,540−3.1%$1,386–$1,694

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62549
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$760$770$970$1,250$1,540
FY 2026$780$790$990$1,280$1,590
FY 2025$740$780$970$1,280$1,510
FY 2024$660$740$910$1,240$1,350
FY 2023$590$690$840$1,170$1,240

Two-bedroom rent in nearby Macon County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62549
62526$1,060+9.3%
62532$1,130+16.5%
62535$1,060+9.3%
62537$1,050+8.2%
62539$1,090+12.4%
62543$960−1.0%
62544$1,100+13.4%
62547$1,310+35.1%
62549Current$970—
62550$1,080+11.3%
62551$1,030+6.2%
62554$1,180+21.6%

Questions about ZIP 62549 rents

How much will Section 8 pay for a two-bedroom in ZIP 62549?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,091, which applies unless the housing authority uses Small Area FMRs, that basic range is $982 to $1,200 a month; under the ZIP-level Small Area FMR of $970 it would be $873 to $1,067. 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 62549 in?

ZIP 62549 is in the Decatur, IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,091.

How much did fair market rent change in ZIP 62549 for FY 2027?

The two-bedroom FMR fell 2.0%, from $990 in FY 2026 to $970 in FY 2027. Since FY 2023 it has risen 15.5%.

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