Section 8 Fair Market Rent (FMR) for ZIP 62622 - 2027

Location: Cass County, IL | Metro: Cass County, IL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$660
1 Bedroom	$870
2 Bedrooms	$950
3 Bedrooms	$1,310
4 Bedrooms	$1,590
5 Bedrooms	$1,844
6 Bedrooms	$2,065
7 Bedrooms	$2,230
8 Bedrooms	$2,342

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

100

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

ZIP code 62622, located in Southern Illinois, is a rural area characterized by its low population density and primarily residential nature. The housing market here is dominated by homeowners rather than renters, which significantly influences the dynamics of real estate investment.

The Fair Market Rent (FMR) for ZIP 62622 is set at $930 per month for a metro area in fiscal year 2026. This figure represents the benchmark for rental pricing in federally assisted housing programs.
The market rent for the area is currently N/A, indicating that there is insufficient data available to determine the average rent price for typical units.
The median home value in ZIP 62622 is also listed as N/A, suggesting that comprehensive data on home values might be lacking or not frequently updated due to the sparse housing market activity.
Renters make up only 0.0% of the population, reflecting a strong preference for homeownership over renting in this area. This statistic implies that the demand for rental properties is extremely limited.
The Days on Market (DOM) for listings is N/A, which could mean that sales are infrequent, or that the local real estate market does not track this metric regularly.
The median household income for the area is listed as N/A, pointing to incomplete economic data, possibly due to the rural and less populated nature of the region.

The analysis suggests that ZIP 62622 offers little opportunity for rental investments given the overwhelming preference for homeownership among residents. However, for those interested in purchasing properties for personal use or long-term appreciation, the area's low population density and focus on homeownership could provide a stable environment. The lack of specific data points, particularly around market rents and median home values, highlights the need for further research before making any investment decisions in this ZIP code.

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.