Housing market/Illinois/ZIP 62040
ZIP 62040 Granite City, Illinois
St. Louis, MO-IL HUD Metro FMR Area · Illinois. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 62040 · IL — sent to you.
ZIP 62040 · IL
ACS rent vs 2BR SAFMR
ZIP 62040 — Granite City, IL HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 62040
- 1-unit detached14,77778.4%
- 1-unit attached2201.2%
- 2–4 units1,7639.4%
- 5–49 units7914.2%
- 50+ units3111.7%
- Mobile9805.2%
2–4 unit share 9.4% · 5–49 unit share 4.2% · combined 2–49 13.6%.
Units by bedrooms
Rent burden
- ACS median gross rent $852 (all bedrooms, occupied rentals).
- Median contract rent $645.
- Renters paying ≥30% of income 39.8%; ≥50% 23.3%.
- FY2027 2BR SAFMR $1,140 (1.338× ACS median gross rent).
Population
40,365 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -4.9%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 3 projects, 75 units.
- HUD project-based assisted MF: 2 properties, 184 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 60 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 62040 25.8% of occupied households are renters; vacancy is 10.3%; ACS median gross rent is $852; population changed -4.9% between the 2018 and 2023 ACS vintages; the housing stock includes 1,763 units in 2–4-unit structures and 791 units in 5–49-unit structures; 3 LIHTC projects totaling 75 units; FY2027 2BR SAFMR is $1,140 versus ACS median gross rent of $852. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Illinois research
ZIP 62040 is a Census / HUD profile for St. Louis, MO-IL, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 62040 — Granite City, IL HUD Section 8 Payment Standards / SAFMR·Illinois ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Illinois research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 62040?
ZIP 62040 (St. Louis, MO-IL HUD Metro FMR Area) has 40,365 residents, 16,895 households, a renter share of 25.8%, median household income of $60,558, and ACS 2023 median gross rent of $852. Vacancy is 10.3%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 62040?
ACS counts 776 units in 2-unit buildings, 987 in 3–4 unit buildings, 332 in 5–9, 215 in 10–19, and 244 in 20–49. Combined 2–49 unit stock is 2,554 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 62040?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,140. See the full schedule and 90–110% payment-standard band on the ZIP 62040 — Granite City, IL HUD Section 8 Payment Standards / SAFMR.
Does this Illinois ZIP profile include Georgia listings?
No. ZIP 62040 is Census / HUD research for St. Louis, MO-IL HUD Metro FMR Area. Jeff Crowe CRE does not list Illinois property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.