Section 8 Fair Market Rent (FMR) for ZIP 62967 - 2027

Location: Williamson County, IL | Metro: Johnson County, IL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$680
1 Bedroom	$720
2 Bedrooms	$940
3 Bedrooms	$1,240
4 Bedrooms	$1,260
5 Bedrooms	$1,462
6 Bedrooms	$1,637
7 Bedrooms	$1,768
8 Bedrooms	$1,856

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

309

Median Household Income

$62,404

Housing Units

131

Renter Percentage

1.1%

Occupancy Rate

66.4%

Renter Occupied

The ZIP code 62967, located in Southern Illinois, is a rural area with limited real estate data available. The Fair Market Rent (FMR) for a two-bedroom apartment in this region for fiscal year 2024 is set at $810. This provides a benchmark for rental pricing but does not reflect the broader market conditions due to the lack of comprehensive market rent data.

Fair Market Rent: The FMR for a two-bedroom unit is $810 per month, which is a government-determined figure used for housing assistance programs.
Renter Share: Only 1.1% of the population are renters, indicating a predominantly owner-occupied community.
Median Income: The median household income is $62,404, suggesting that residents have stable financial situations but might not be inclined towards renting.
Limited Data Availability: Specific details such as median home values and days on market (DOM) are not available, making it challenging to gauge the overall real estate health.
Market Challenges: With a very low renter share and sparse market data, attracting tenants could be difficult, and investment returns may be less predictable.

The combination of a low renter share and limited availability of detailed real estate metrics makes ZIP 62967 a challenging area for investment. While the FMR offers a baseline for rental pricing, the lack of market-specific data and the minimal demand for rental properties indicate that potential returns on investment might be lower compared to areas with higher renter populations and more robust market data. Investors should carefully consider these factors before committing capital to this region.

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.