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Marion County/Centralia/62801

62801

ZIPSAFMR
Marion County, IL
Zillow

ZIP Investment Score

113Above average

095130300
BRFMR
Eff. Rent
0 BR$700$770
1 BR$790$810
2 BR$960$870
3 BR$1,250$970
4 BR$1,550$1,050
5 BR$1,782Not available
6 BR$2,050Not available
7 BR$2,357Not available
8 BR$2,711Not available

Purchase Price Calculator

Maximum purchase price
$67,365

Cost breakdown

+Likely effective rent$870
HUD FMR$960
Market rentUsed$870
Est. payment standard (94%)$900
-Principal and interest-$341
Loan amount$53,892
Down payment$13,473
Rate6.50%
Term30 years
-Operating costs-$329
Property taxes-$67
Insurance-$175
Utilities$0
HOA$0
Management-$87
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,311(106.2% ROI)
Projected value
$72,545
Return breakdown
Property appreciation+$5,180
Loan principal paid down+$1,931
Rental cash flow+$7,200
5-year hold
+$24,296(180.3% ROI)
Projected value
$76,217
Return breakdown
Property appreciation+$8,852
Loan principal paid down+$3,443
Rental cash flow+$12,000
10-year hold
+$51,072(379.1% ROI)
Projected value
$86,233
Return breakdown
Property appreciation+$18,868
Loan principal paid down+$8,204
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.96
2 BR
1.10
3 BR
1.29
4 BR
1.48
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 62801 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62801 (Centralia, IL) is $960 a month. That is down 3.0% from $990 in FY 2026. Centralia is in the Marion 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 $930. Among 17 ZIP codes in Marion County, 62801 is tied for the 9th-highest two-bedroom rent (county range $930–$1,210).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62801
BedroomsFY 2027Change90–110% range
Studio$700−7.9%$630–$770
1BR$790−1.2%$711–$869
2BR$960−3.0%$864–$1,056
3BR$1,250−1.6%$1,125–$1,375
4BR$1,550+4.0%$1,395–$1,705

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62801
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$700$790$960$1,250$1,550
FY 2026$760$800$990$1,270$1,490
FY 2025$840$880$1,090$1,410$1,640
FY 2024$680$720$900$1,170$1,370
FY 2023$630$680$860$1,110$1,310

Two-bedroom rent in nearby Marion County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62801
62801Current$960—
62807$930−3.1%
62830$930−3.1%
62838$990+3.1%
62849$930−3.1%
62851$970+1.0%
62853$1,210+26.0%
62854$930−3.1%
62870$990+3.1%
62875$1,090+13.5%
62881$930−3.1%
62882$9600.0%

Questions about ZIP 62801 rents

How much will Section 8 pay for a two-bedroom in ZIP 62801?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $930, which applies unless the housing authority uses Small Area FMRs, that basic range is $837 to $1,023 a month; under the ZIP-level Small Area FMR of $960 it would be $864 to $1,056. 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 62801 in?

ZIP 62801 is in the Marion County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $930.

How much did fair market rent change in ZIP 62801 for FY 2027?

The two-bedroom FMR fell 3.0%, from $990 in FY 2026 to $960 in FY 2027. Since FY 2023 it has risen 11.6%.

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