Section 8 Fair Market Rent (FMR) for ZIP 62872 - 2027

Location: Jefferson County, IL | Metro: Jefferson County, IL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$750
1 Bedroom	$760
2 Bedrooms	$980
3 Bedrooms	$1,170
4 Bedrooms	$1,300
5 Bedrooms	$1,508
6 Bedrooms	$1,689
7 Bedrooms	$1,824
8 Bedrooms	$1,915

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,153

Median Household Income

$62,344

Housing Units

458

Renter Percentage

7.6%

Occupancy Rate

95.0%

Renter Occupied

The area covered by ZIP code 62872, located in Southern Illinois, offers a stable environment for real estate investment. This region is characterized by its rural setting and a community that values long-term stability, making it an attractive option for those looking to invest in Section 8 properties.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960, providing a benchmark for rental pricing in the area.
The market rent for the area is currently N/A, indicating a lack of recent data but suggesting that the FMR can serve as a reliable proxy for expected rental rates.
The median home value in ZIP 62872 is N/A, which could be due to limited sales activity or a predominance of rental properties.
Renters make up 7.6% of the population, reflecting a smaller but steady demand for rental housing.
The Days on Market (DOM) figure is N/A, implying either a very active market with quick sales or a less active one with fewer transactions.
The median household income is $62,344, offering insight into the economic profile of residents and their ability to pay higher rents.

Given the data points, landlords and small-portfolio investors should find the ZIP 62872 area promising for Section 8 investments. The FMR provides a clear guideline for rental pricing, while the lower renter share indicates a manageable competition for tenants. Although there's a lack of recent market rent and DOM data, the stable median income suggests that residents have the financial capacity to meet rent obligations, ensuring a steady cash flow for investors. The absence of median home value data might indicate a focus on rentals over home purchases, further supporting the viability of rental properties in this area.

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.