FY2027 Small Area FMR · Galesburg, IL

ZIP 61402 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 61402 (Galesburg, IL) is $930 a month, up 1.1% from FY2026. That is 0% equal to the Knox County, IL area-wide FMR of $930.

2-bedroom SAFMR$930per month ▲ 1.1%

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

Rank in the area22ndof 26 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$837

2 BR Small Area FMR$930

110% of SAFMR$1,023

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

Studio$700■ 0.0%

1 BR$710▲ 1.4%

2 BR$930▲ 1.1%

3 BR$1,200■ 0.0%

4 BR$1,250▲ 2.5%

FY2027 FY2026

Where 61402 sits in the Knox County, IL area

Of the 26 ZIP codes HUD lists for the area, 61402 has the 22nd highest two-bedroom Small Area FMR. Knox 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 $930 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	$703	$700
1 bedroom	$710	$639 – $781	$711	$700
2 bedrooms	$930	$837 – $1,023	$930	$920
3 bedrooms	$1,200	$1,080 – $1,320	$1,204	$1,200
4 bedrooms	$1,250	$1,125 – $1,375	$1,241	$1,220

A household renting a two-bedroom home at the Small Area FMR of $930 needs about $37,200 a year to keep housing costs at 30% of income. The area median family income is $86,900 and the 80% low-income limit for four people is $71,750. ZIP code 61402 lies mainly in Knox County. See the Knox County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
61401	Galesburg	0.8 mi	$1,030
61430	East Galesburg	3.2 mi	$1,030
61439	Henderson	5.6 mi	$950
61488	Wataga	6.4 mi	$930
61448	Knoxville	6.6 mi	$930
61423	Cameron	8.0 mi	$930

Questions

What is the Fair Market Rent for ZIP code 61402?

HUD's FY2027 Small Area Fair Market Rents for 61402 are $700 (studio), $710 (1 BR), $930 (2 BR), $1,200 (3 BR) and $1,250 (4 BR) a month.

What is the Section 8 payment standard in 61402?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 61402 that range is $837 to $1,023 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 61402?

The FY2026 income limits of the Knox County, IL area apply: median family income $86,900, low-income (80%) limit $71,750 for a family of four.