Section 8 Fair Market Rent (FMR) for ZIP 62821 - 2027

Location: White County, IL | Metro: White County, IL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$690
1 Bedroom	$780
2 Bedrooms	$990
3 Bedrooms	$1,310
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

6,668

Median Household Income

$55,367

Housing Units

3,592

Renter Percentage

24.2%

Occupancy Rate

83.0%

Renter Occupied

722

The ZIP code 62821, located in Southern Illinois, offers a stable market for real estate investment, particularly in the context of Section 8 housing. The area is characterized by a mix of residential properties, including both rental units and owner-occupied homes, situated in a region that benefits from moderate economic growth and low competition among landlords.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $950, providing a benchmark for rental pricing that landlords can use to ensure their properties remain competitive while adhering to HUD guidelines.
The market rent, based on Census ACS data, stands at $820, indicating a slight gap between the actual rents charged and the FMR, which could present opportunities for landlords to increase their rental income without overpricing their units.
The median home value in ZIP 62821 is $110,964, making it an affordable option for both first-time homebuyers and investors looking to purchase properties with lower initial capital outlay.
Renters make up 24.2% of the population, suggesting a moderate demand for rental housing. This percentage reflects a balanced market where there is neither overwhelming demand nor an oversupply of rental units.
The median income for residents is $55,367, which is important for landlords to consider when setting rents and assessing the financial stability of potential tenants.
The Days on Market (DOM) figure is listed as N/A, indicating either a lack of recent sales data or a very efficient local real estate market where properties sell quickly upon listing.

Synthesizing these points, investors in ZIP 62821 can expect a moderately robust rental market with room for growth. Properties priced near the FMR of $950 will attract tenants without being unreasonably high compared to the current market rent of $820. Given the median home value and median income, there is a strong base of potential buyers and renters who can afford the costs associated with living in this area. The moderate renter share suggests steady but not explosive demand, which supports long-term investment strategies rather than speculative ones. Overall, ZIP 62821 presents a stable environment for real estate investment, especially for those interested in Section 8 properties.

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.