Skip to main content
Loading page
White County/Carmi/62821

62821

ZIPSAFMR
White County, IL
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$690$660
1 BR$780$670
2 BR$990$730
3 BR$1,310$760
4 BR$1,610$760
5 BR$1,851Not available
6 BR$2,129Not available
7 BR$2,449Not available
8 BR$2,816Not available

Purchase Price Calculator

Maximum purchase price
$46,561

Cost breakdown

+Likely effective rent$730
HUD FMR$990
Market rentUsed$730
Est. payment standard (90%)$890
-Principal and interest-$235
Loan amount$37,249
Down payment$9,312
Rate6.50%
Term30 years
-Operating costs-$295
Property taxes-$47
Insurance-$175
Utilities$0
HOA$0
Management-$73
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$12,115(130.1% ROI)
Projected value
$50,141
Return breakdown
Property appreciation+$3,580
Loan principal paid down+$1,335
Rental cash flow+$7,200
5-year hold
+$20,498(220.1% ROI)
Projected value
$52,680
Return breakdown
Property appreciation+$6,119
Loan principal paid down+$2,380
Rental cash flow+$12,000
10-year hold
+$42,712(458.7% ROI)
Projected value
$59,602
Return breakdown
Property appreciation+$13,041
Loan principal paid down+$5,671
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.05
1 BR
1.16
2 BR
1.36
3 BR
1.72
4 BR
2.12
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 62821 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 62821 (Carmi, IL) is $990 a month. That is up 4.2% from $950 in FY 2026. Carmi is in the White 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 11 ZIP codes in White County, 62821 is tied for the highest two-bedroom rent (county range $930–$990). The median county two-bedroom FMR in Illinois is $958, so ZIP 62821 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 62821
BedroomsFY 2027Change90–110% range
Studio$690+6.2%$621–$759
1BR$780+8.3%$702–$858
2BR$990+4.2%$891–$1,089
3BR$1,310+4.8%$1,179–$1,441
4BR$1,610+8.1%$1,449–$1,771

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 62821
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$690$780$990$1,310$1,610
FY 2026$650$720$950$1,250$1,490
FY 2025$600$670$880$1,210$1,250
FY 2024area FMR$547$635$807$1,071$1,075
FY 2023area FMR$518$646$774$1,036$1,040

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby White County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 62821
62820$970−2.0%
62821Current$990—
62827$930−6.1%
62834$930−6.1%
62835$930−6.1%
62844$930−6.1%
62861$9900.0%
62862$9900.0%
62867$930−6.1%
62869$930−6.1%
62887$960−3.0%

Questions about ZIP 62821 rents

How much will Section 8 pay for a two-bedroom in ZIP 62821?

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 $990 it would be $891 to $1,089. 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 62821 in?

ZIP 62821 is in the White 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 62821 for FY 2027?

The two-bedroom FMR rose 4.2%, from $950 in FY 2026 to $990 in FY 2027. Since FY 2025 it has risen 12.5%.

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