FY2027 Small Area FMR · Oglesby, IL

ZIP 61348 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 61348 (Oglesby, IL) is $980 a month, up 2.1% from FY2026. That is 7% below the La Salle County, IL area-wide FMR of $1,052.

2-bedroom SAFMR$980per month ▲ 2.1%

Area-wide 2 BR FMR$1,052La Salle County, IL

Rank in the area25thof 34 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$882

2 BR Small Area FMR$980

110% of SAFMR$1,078

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

Studio$700▲ 1.4%

1 BR$750▲ 2.7%

2 BR$980▲ 2.1%

3 BR$1,300▲ 1.6%

4 BR$1,570▲ 4.0%

FY2027 FY2026

Where 61348 sits in the La Salle County, IL area

Of the 34 ZIP codes HUD lists for the area, 61348 has the 25th highest two-bedroom Small Area FMR. La Salle 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 $1,052 for two bedrooms; an agency that opts in to Small Area FMRs would use $980 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	$700	$630 – $770	$733	$690
1 bedroom	$750	$675 – $825	$804	$730
2 bedrooms	$980	$882 – $1,078	$1,052	$960
3 bedrooms	$1,300	$1,170 – $1,430	$1,369	$1,280
4 bedrooms	$1,570	$1,413 – $1,727	$1,688	$1,510

A household renting a two-bedroom home at the Small Area FMR of $980 needs about $39,200 a year to keep housing costs at 30% of income. The area median family income is $105,200 and the 80% low-income limit for four people is $80,050. ZIP code 61348 lies mainly in La Salle County. See the La Salle County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
61316	Cedar Point	5.0 mi	$1,160
61370	Tonica	5.9 mi	$1,010
61354	Peru	6.3 mi	$980
61332	Leonore	7.1 mi	$1,040
61363	Standard	7.9 mi	$1,040
61301	La Salle	8.1 mi	$1,160

Questions

What is the Fair Market Rent for ZIP code 61348?

HUD's FY2027 Small Area Fair Market Rents for 61348 are $700 (studio), $750 (1 BR), $980 (2 BR), $1,300 (3 BR) and $1,570 (4 BR) a month.

What is the Section 8 payment standard in 61348?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 61348 that range is $882 to $1,078 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 61348?

The FY2026 income limits of the La Salle County, IL area apply: median family income $105,200, low-income (80%) limit $80,050 for a family of four.