FY2027 Small Area FMR · Mechanicsburg, IL
ZIP 62545 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62545 (Mechanicsburg, IL) is $1,100 a month, up 3.8% from FY2026. That is 11% below the Springfield, IL area-wide FMR of $1,237.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 62545 sits in the Springfield, IL area
Of the 48 ZIP codes HUD lists for the area, 62545 has the 36th highest two-bedroom Small Area FMR. Springfield, IL is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,237 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,100 for this ZIP code instead.
ZIP code 62545 crosses more than one HUD area. HUD also lists it under Christian County, IL (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $770 | $693 – $847 | $861 | $730 |
| 1 bedroom | $880 | $792 – $968 | $977 | $840 |
| 2 bedrooms | $1,100 | $990 – $1,210 | $1,237 | $1,060 |
| 3 bedrooms | $1,450 | $1,305 – $1,595 | $1,631 | $1,390 |
| 4 bedrooms | $1,560 | $1,404 – $1,716 | $1,728 | $1,490 |
A household renting a two-bedroom home at the Small Area FMR of $1,100 needs about $44,000 a year to keep housing costs at 30% of income. The area median family income is $114,900 and the 80% low-income limit for four people is $91,900. ZIP code 62545 lies mainly in Sangamon County and Christian County. See the Springfield, IL metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 62545?
HUD's FY2027 Small Area Fair Market Rents for 62545 are $770 (studio), $880 (1 BR), $1,100 (2 BR), $1,450 (3 BR) and $1,560 (4 BR) a month.
What is the Section 8 payment standard in 62545?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62545 that range is $990 to $1,210 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 62545?
The FY2026 income limits of the Springfield, IL area apply: median family income $114,900, low-income (80%) limit $91,900 for a family of four.