Section 8 Fair Market Rent (FMR) for ZIP 62352 - 2027

Location: Pike County, IL | Metro: Pike County, IL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$730
1 Bedroom	$810
2 Bedrooms	$1,070
3 Bedrooms	$1,290
4 Bedrooms	$1,610
5 Bedrooms	$1,868
6 Bedrooms	$2,092
7 Bedrooms	$2,259
8 Bedrooms	$2,372

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

217

Median Household Income

$50,769

Housing Units

Renter Percentage

17.9%

Occupancy Rate

81.3%

Renter Occupied

The ZIP code 62352, located in the heart of Southern Illinois, offers a stable and modest living environment that appeals to both families and individual renters. This area is characterized by its quiet streets and close-knit community, making it an attractive location for those seeking a peaceful lifestyle.

Fair Market Rent (FMR): $1,180 - For the metro area in fiscal year 2026, the Fair Market Rent is set at $1,180, indicating a steady demand for rental properties that align with this pricing range.
Renter Share: 17.9% - The proportion of renters in the area is 17.9%, which suggests a moderate reliance on rental housing, balancing between homeownership and renting.
Median Home Value: Not Available - While the exact median home value is not available, the lack of recent data points to a potentially stagnant market where home values have remained consistent over time.
Median Income: $50,769 - With a median household income of $50,769, residents have sufficient financial stability to support rental costs at the FMR level without significant strain.
Days on Market (DOM): Not Available - The absence of data regarding the average days on market for listings could imply that property transactions occur relatively quickly or that there is a scarcity of data due to limited activity.

For landlords and small-portfolio investors, the ZIP code 62352 presents a reliable investment opportunity with predictable rental rates. Given the moderate renter share and stable median income levels, there is a consistent demand for rental properties priced around the Fair Market Rent. However, the lack of updated data on median home values and days on market suggests caution in assuming rapid appreciation or turnover rates. Overall, the area supports a conservative approach to real estate investing, ensuring steady but not explosive returns.

Data Sources: FMR data from HUD (2027). 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.