Section 8 Fair Market Rent (FMR) for ZIP 62996 - 2027

Location: Pulaski County, IL | Metro: Pulaski County, IL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$660
1 Bedroom	$860
2 Bedrooms	$940
3 Bedrooms	$1,300
4 Bedrooms	$1,570
5 Bedrooms	$1,821
6 Bedrooms	$2,040
7 Bedrooms	$2,203
8 Bedrooms	$2,313

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

523

Median Household Income

$56,122

Housing Units

270

Renter Percentage

16.2%

Occupancy Rate

70.7%

Renter Occupied

The ZIP code 62996 is located in Southern Illinois, encompassing parts of Jackson County and the city of Murphysboro. This region offers a mix of rural and suburban living, with a significant portion of residents being renters rather than homeowners. The market is influenced by federal programs such as Section 8, which can impact rental demand and pricing.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930. This figure serves as a benchmark for rental prices and is indicative of the affordability and demand in the area.
The median home value in ZIP 62996 is currently N/A, suggesting that rental properties may be more prevalent than owner-occupied homes.
Renters make up 16.2% of the population, indicating a modest but steady rental market presence.
The median income in the area is $56,122, which provides insight into the economic profile of potential tenants and their ability to afford higher rents.
The market rent for the area is currently N/A, making it difficult to compare actual rental rates against the FMR benchmark.
The days on market (DOM) for rental listings is currently N/A, which could suggest either a balanced market or a lack of recent transaction data.

Investors should note that while the Fair Market Rent is established at $930, the lack of specific data on market rent and days on market limits a comprehensive analysis. However, with a median income of $56,122 and a substantial renter population, there is a foundation for stable rental demand. Given the absence of detailed local rental data, reliance on federal benchmarks and the overall economic health of the area will guide investment decisions.

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.