Location: Macoupin County, IL | Metro: St. Louis, MO-IL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $144,515 | 0.82% | C |
| 3BR | $1,480 | $208,809 | 0.71% | D |
| 4BR | $1,780 | $305,545 | 0.58% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 62012, Brighton, Illinois, for fiscal year 2024 is set at $1010. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not necessarily the rent you will receive; it's the benchmark used to determine if the rent is reasonable.
In comparison, the average rent for the same area, based on recent Census American Community Survey (ACS) data, is $953. This indicates that the FMR is slightly higher than the actual market rate, which could be beneficial for landlords participating in the Section 8 program as they might receive a bit more than the typical market rent.
The renter share in Brighton is 11.1%, meaning that just over 11% of the population rents their homes. This suggests there is a moderate demand for rental properties. However, the competition among renters can still be significant, especially given the economic conditions of the area.
If you're considering acquiring a property for your first Section 8 rental in this ZIP code, the median home value is approximately $212,733. This figure should be taken into account when assessing the potential return on investment and determining whether the property is worth purchasing.
Before proceeding, one key factor to verify is the property's condition and compliance with HUD's Housing Quality Standards (HQS). These standards ensure that the property meets certain safety and habitability criteria, which must be met for it to qualify for the Section 8 program. Ensuring HQS compliance will prevent delays and ensure you can begin receiving rental assistance payments promptly.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.