FY2027 Small Area FMR · Standard, IL
ZIP 61363 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 61363 (Standard, IL) is $1,040 a month, up 5.1% from FY2026. That is 10% above the Putnam County, IL area-wide FMR of $942.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 61363 sits in the Putnam County, IL area
Of the 9 ZIP codes HUD lists for the area, 61363 has the 1st highest two-bedroom Small Area FMR. Putnam 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 $942 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,040 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $720 | $648 – $792 | $656 | $680 |
| 1 bedroom | $950 | $855 – $1,045 | $857 | $900 |
| 2 bedrooms | $1,040 | $936 – $1,144 | $942 | $990 |
| 3 bedrooms | $1,310 | $1,179 – $1,441 | $1,189 | $1,280 |
| 4 bedrooms | $1,740 | $1,566 – $1,914 | $1,575 | $1,640 |
A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 a year to keep housing costs at 30% of income. The area median family income is $93,300 and the 80% low-income limit for four people is $76,650. ZIP code 61363 lies mainly in Putnam County. See the Putnam County, IL county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 61363?
HUD's FY2027 Small Area Fair Market Rents for 61363 are $720 (studio), $950 (1 BR), $1,040 (2 BR), $1,310 (3 BR) and $1,740 (4 BR) a month.
What is the Section 8 payment standard in 61363?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 61363 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 61363?
The FY2026 income limits of the Putnam County, IL area apply: median family income $93,300, low-income (80%) limit $76,650 for a family of four.