FY2027 Small Area FMR · Lanark, IL

ZIP 61046 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 61046 (Lanark, IL) is $940 a month, up 2.2% from FY2026. That is 1% above the Carroll County, IL area-wide FMR of $930.

2-bedroom SAFMR$940per month ▲ 2.2%

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

Rank in the area10thof 12 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$760▲ 1.3%

1 BR$760■ 0.0%

2 BR$940▲ 2.2%

3 BR$1,220■ 0.0%

4 BR$1,470▲ 0.7%

FY2027 FY2026

Where 61046 sits in the Carroll County, IL area

Of the 12 ZIP codes HUD lists for the area, 61046 has the 10th highest two-bedroom Small Area FMR. Carroll 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	$760	$684 – $836	$749	$750
1 bedroom	$760	$684 – $836	$754	$760
2 bedrooms	$940	$846 – $1,034	$930	$920
3 bedrooms	$1,220	$1,098 – $1,342	$1,207	$1,220
4 bedrooms	$1,470	$1,323 – $1,617	$1,453	$1,460

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 $82,900 and the 80% low-income limit for four people is $71,750. ZIP code 61046 lies mainly in Carroll County. See the Carroll County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
61078	Shannon	6.0 mi	$1,010
61053	Mount Carroll	8.8 mi	$930
61051	Milledgeville	8.9 mi	$1,010
61014	Chadwick	9.7 mi	$1,010
61062	Pearl City	10.2 mi	$930
61030	Forreston	11.4 mi	$1,020

Questions

What is the Fair Market Rent for ZIP code 61046?

HUD's FY2027 Small Area Fair Market Rents for 61046 are $760 (studio), $760 (1 BR), $940 (2 BR), $1,220 (3 BR) and $1,470 (4 BR) a month.

What is the Section 8 payment standard in 61046?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 61046 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 61046?

The FY2026 income limits of the Carroll County, IL area apply: median family income $82,900, low-income (80%) limit $71,750 for a family of four.