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Macoupin County/Hettick/62649

62649

ZIPSAFMR
Macoupin County, IL
Zillow

ZIP Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$710$710
1 BR$710$710
2 BR$930$930
3 BR$1,130$1,130
4 BR$1,420$1,420
5 BR$1,633Not available
6 BR$1,878Not available
7 BR$2,160Not available
8 BR$2,484Not available

Purchase Price Calculator

Maximum purchase price
$76,281

Cost breakdown

+Likely effective rent$930
HUD FMRUsed$930
Market rentN/A
Est. payment standardN/A
-Principal and interest-$386
Loan amount$61,025
Down payment$15,256
Rate6.50%
Term30 years
-Operating costs-$344
Property taxes-$76
Insurance-$175
Utilities$0
HOA$0
Management-$93
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,252(100.0% ROI)
Projected value
$82,146
Return breakdown
Property appreciation+$5,865
Loan principal paid down+$2,186
Rental cash flow+$7,200
5-year hold
+$25,923(169.9% ROI)
Projected value
$86,305
Return breakdown
Property appreciation+$10,024
Loan principal paid down+$3,899
Rental cash flow+$12,000
10-year hold
+$54,656(358.3% ROI)
Projected value
$97,646
Return breakdown
Property appreciation+$21,365
Loan principal paid down+$9,290
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 62649 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62649 (Hettick, IL) is $930 a month. That is up 1.1% from $920 in FY 2026. Hettick is in the Macoupin County, IL HUD Metro 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 metro-wide two-bedroom FMR of $978. Among 32 ZIP codes in Macoupin County, 62649 is tied for the 25th-highest two-bedroom rent (county range $930–$1,300). The median county two-bedroom FMR in Illinois is $958, so ZIP 62649 is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62649
BedroomsFY 2027Change90–110% range
Studio$710+2.9%$639–$781
1BR$710+1.4%$639–$781
2BR$930+1.1%$837–$1,023
3BR$1,130−0.9%$1,017–$1,243
4BR$1,4200.0%$1,278–$1,562

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62649
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$710$710$930$1,130$1,420
FY 2026$690$700$920$1,140$1,420
FY 2025$720$720$950$1,220$1,460
FY 2024$750$750$990$1,300$1,500
FY 2023$610$620$810$1,080$1,200

Two-bedroom rent in nearby Macoupin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62649
62626$9300.0%
62630$980+5.4%
62638$1,150+23.7%
62640$960+3.2%
62649Current$930—
62667$9300.0%
62668$990+6.5%
62672$960+3.2%
62674$9300.0%
62685$1,050+12.9%
62690$1,090+17.2%
62692$1,090+17.2%

Questions about ZIP 62649 rents

How much will Section 8 pay for a two-bedroom in ZIP 62649?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $978, which applies unless the housing authority uses Small Area FMRs, that basic range is $880 to $1,076 a month; under the ZIP-level Small Area FMR of $930 it would be $837 to $1,023. 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 62649 in?

ZIP 62649 is in the Macoupin County, IL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $978.

How much did fair market rent change in ZIP 62649 for FY 2027?

The two-bedroom FMR rose 1.1%, from $920 in FY 2026 to $930 in FY 2027. Since FY 2023 it has risen 14.8%.

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