FY2027 Small Area FMR · Freeport, IL

ZIP 61032 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 61032 (Freeport, IL) is $940 a month, up 2.2% from FY2026. That is 1% above the Stephenson County, IL area-wide FMR of $930.

2-bedroom SAFMR$940per month ▲ 2.2%

Area-wide 2 BR FMR$930Stephenson County, IL

Rank in the area11thof 19 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$846

2 BR Small Area FMR$940

110% of SAFMR$1,034

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$650▼ 7.1%

1 BR$720▲ 2.9%

2 BR$940▲ 2.2%

3 BR$1,190▲ 5.3%

4 BR$1,470▲ 8.9%

FY2027 FY2026

Where 61032 sits in the Stephenson County, IL area

Of the 19 ZIP codes HUD lists for the area, 61032 has the 11th highest two-bedroom Small Area FMR. Stephenson County, 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 $930 for two bedrooms; an agency that opts in to Small Area FMRs would use $940 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$650	$585 – $715	$648	$700
1 bedroom	$720	$648 – $792	$711	$700
2 bedrooms	$940	$846 – $1,034	$930	$920
3 bedrooms	$1,190	$1,071 – $1,309	$1,179	$1,130
4 bedrooms	$1,470	$1,323 – $1,617	$1,458	$1,350

A household renting a two-bedroom home at the Small Area FMR of $940 needs about $37,600 a year to keep housing costs at 30% of income. The area median family income is $86,300 and the 80% low-income limit for four people is $71,750. ZIP code 61032 lies mainly in Stephenson County. See the Stephenson County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
61013	Cedarville	4.1 mi	$940
61027	Eleroy	6.2 mi	$940
61018	Dakota	7.9 mi	$940
61067	Ridott	8.1 mi	$930
61007	Baileyville	8.7 mi	$1,010
61050	Mc Connell	9.7 mi	$950

Questions

What is the Fair Market Rent for ZIP code 61032?

HUD's FY2027 Small Area Fair Market Rents for 61032 are $650 (studio), $720 (1 BR), $940 (2 BR), $1,190 (3 BR) and $1,470 (4 BR) a month.

What is the Section 8 payment standard in 61032?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 61032 that range is $846 to $1,034 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 61032?

The FY2026 income limits of the Stephenson County, IL area apply: median family income $86,300, low-income (80%) limit $71,750 for a family of four.