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Macon County/Warrensburg/62573

62573

ZIPSAFMR
Macon County, IL
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$810$810
1 BR$820$820
2 BR$1,040$700
3 BR$1,340$1,340
4 BR$1,640$1,640
5 BR$1,886Not available
6 BR$2,169Not available
7 BR$2,494Not available
8 BR$2,868Not available

Purchase Price Calculator

Maximum purchase price
$42,103

Cost breakdown

+Likely effective rent$700
HUD FMR$1,040
Market rentUsed$700
Est. payment standard (90%)$940
-Principal and interest-$213
Loan amount$33,683
Down payment$8,421
Rate6.50%
Term30 years
-Operating costs-$287
Property taxes-$42
Insurance-$175
Utilities$0
HOA$0
Management-$70
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$11,644(138.3% ROI)
Projected value
$45,341
Return breakdown
Property appreciation+$3,237
Loan principal paid down+$1,207
Rental cash flow+$7,200
5-year hold
+$19,685(233.8% ROI)
Projected value
$47,636
Return breakdown
Property appreciation+$5,533
Loan principal paid down+$2,152
Rental cash flow+$12,000
10-year hold
+$40,920(486.0% ROI)
Projected value
$53,896
Return breakdown
Property appreciation+$11,792
Loan principal paid down+$5,128
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

2 BR
1.49
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 62573 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62573 (Warrensburg, IL) is $1,040 a month. That is up 9.5% from $950 in FY 2026. Warrensburg 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, 62573 is tied for the 20th-highest two-bedroom rent (county range $960–$1,450). The median county two-bedroom FMR in Illinois is $958, so ZIP 62573 is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62573
BedroomsFY 2027Change90–110% range
Studio$810+8.0%$729–$891
1BR$820+7.9%$738–$902
2BR$1,040+9.5%$936–$1,144
3BR$1,340+8.9%$1,206–$1,474
4BR$1,640+7.9%$1,476–$1,804

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62573
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$820$1,040$1,340$1,640
FY 2026$750$760$950$1,230$1,520
FY 2025$670$700$870$1,160$1,360
FY 2024$590$660$810$1,100$1,190
FY 2023$540$630$770$1,090$1,160

Two-bedroom rent in nearby Macon County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62573
62532$1,130+8.7%
62535$1,060+1.9%
62537$1,050+1.0%
62539$1,090+4.8%
62543$960−7.7%
62544$1,100+5.8%
62547$1,310+26.0%
62549$970−6.7%
62550$1,080+3.8%
62551$1,030−1.0%
62554$1,180+13.5%
62573Current$1,040—

Questions about ZIP 62573 rents

How much will Section 8 pay for a two-bedroom in ZIP 62573?

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 $1,040 it would be $936 to $1,144. 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 62573 in?

ZIP 62573 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 62573 for FY 2027?

The two-bedroom FMR rose 9.5%, from $950 in FY 2026 to $1,040 in FY 2027. Since FY 2023 it has risen 35.1%.

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