Location: Greene 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 | $800 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $119,044 | 0.86% | C |
| 3BR | $1,310 | $186,437 | 0.7% | D |
| 4BR | $1,510 | $262,723 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 62052 in Illinois presents a dynamic rental market with clear indicators of how supply and demand interact. The Fair Market Rent (FMR) set at $900 for fiscal year 2024 suggests that the government has established a benchmark slightly above the current market rent of $855, as reported by the Census American Community Survey (ACS).
A low price-cut share of 0.2% implies that landlords are generally not needing to reduce their asking rents to attract tenants, indicating a stable market where properties are valued at or near their listed prices. This aligns with the limited availability of day's on market (DOM) data, which would typically show how quickly properties are rented. In the absence of DOM data, the inference drawn from the price-cut share points towards a market where demand meets supply without significant delays.
The median home value of $170,848 provides insight into the broader housing market. While this figure alone doesn't directly indicate whether supply is outpacing demand or vice versa, it can be interpreted in conjunction with the other metrics. A relatively low median home value could suggest that this area might be attractive to first-time buyers and renters, potentially increasing demand for rental units as homeownership becomes more accessible.
The 23.6% renter share in the ZIP code highlights a segment of the population that prefers or is compelled to rent rather than buy. This percentage signals ongoing long-term housing pressure, as a substantial portion of residents are renters. Such a high renter share often correlates with areas experiencing steady growth in rental demand, as new residents move in and existing residents choose to remain renters due to various factors including affordability and mobility preferences.
In summary, ZIP 62052 operates within a rental market that is balanced but leaning towards a slight demand-side advantage. The FMR being higher than the market rent, coupled with a minimal price-cut share, points towards a scenario where demand is robust enough to support current rental prices without significant downward pressure. The median home value and renter share further underscore an environment where both ownership and rental options are viable, contributing to a stable yet active housing market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.