FY2027 Small Area FMR · Coal Valley, IL

ZIP 61240 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 61240 (Coal Valley, IL) is $1,580 a month, down 7.6% from FY2026. That is 50% above the Davenport-Moline-Rock Island, IA-IL area-wide FMR of $1,056.

2-bedroom SAFMR$1,580per month ▼ 7.6%

Area-wide 2 BR FMR$1,056Davenport-Moline-Rock Island

Rank in the area1stof 81 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,422

2 BR Small Area FMR$1,580

110% of SAFMR$1,738

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

Studio$1,180▼ 3.3%

1 BR$1,280▼ 7.9%

2 BR$1,580▼ 7.6%

3 BR$2,090▼ 6.7%

4 BR$2,540▼ 6.6%

FY2027 FY2026

Where 61240 sits in the Davenport-Moline-Rock Island, IA-IL area

Of the 81 ZIP codes HUD lists for the area, 61240 has the 1st highest two-bedroom Small Area FMR. Davenport-Moline-Rock Island, IA-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 $1,056 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,580 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	$1,180	$1,062 – $1,298	$787	$1,220
1 bedroom	$1,280	$1,152 – $1,408	$852	$1,390
2 bedrooms	$1,580	$1,422 – $1,738	$1,056	$1,710
3 bedrooms	$2,090	$1,881 – $2,299	$1,396	$2,240
4 bedrooms	$2,540	$2,286 – $2,794	$1,697	$2,720

A household renting a two-bedroom home at the Small Area FMR of $1,580 needs about $63,200 a year to keep housing costs at 30% of income. The area median family income is $97,500 and the 80% low-income limit for four people is $78,000. ZIP code 61240 lies mainly in Rock Island County and Henry County. See the Davenport-Moline-Rock Island, IA-IL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
61273	Orion	4.3 mi	$1,030
61239	Carbon Cliff	4.8 mi	$1,140
61282	Silvis	5.2 mi	$1,120
61265	Moline	5.4 mi	$1,050
61241	Colona	7.3 mi	$1,030
61236	Barstow	7.3 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 61240?

HUD's FY2027 Small Area Fair Market Rents for 61240 are $1,180 (studio), $1,280 (1 BR), $1,580 (2 BR), $2,090 (3 BR) and $2,540 (4 BR) a month.

What is the Section 8 payment standard in 61240?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 61240 that range is $1,422 to $1,738 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 61240?

The FY2026 income limits of the Davenport-Moline-Rock Island, IA-IL area apply: median family income $97,500, low-income (80%) limit $78,000 for a family of four.