FY2027 Small Area FMR · New Windsor, IL

ZIP 61465 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 61465 (New Windsor, IL) is $1,030 a month, up 10.8% from FY2026. That is 2% below the Davenport-Moline-Rock Island, IA-IL area-wide FMR of $1,056.

2-bedroom SAFMR$1,030per month ▲ 10.8%

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

Rank in the area45thof 81 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$740▲ 12.1%

1 BR$840▲ 12.0%

2 BR$1,030▲ 10.8%

3 BR$1,350▲ 11.6%

4 BR$1,640▲ 12.3%

FY2027 FY2026

Where 61465 sits in the Davenport-Moline-Rock Island, IA-IL area

Of the 81 ZIP codes HUD lists for the area, 61465 has the 45th 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 $1,030 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	$740	$666 – $814	$787	$660
1 bedroom	$840	$756 – $924	$852	$750
2 bedrooms	$1,030	$927 – $1,133	$1,056	$930
3 bedrooms	$1,350	$1,215 – $1,485	$1,396	$1,210
4 bedrooms	$1,640	$1,476 – $1,804	$1,697	$1,460

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 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 61465 lies mainly in Mercer 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
61486	Viola	5.1 mi	$1,040
61468	Ophiem	5.8 mi	$1,030
61413	Alpha	5.9 mi	$1,060
61281	Sherrard	6.5 mi	$1,030
61466	North Henderson	7.0 mi	$1,030
61263	Matherville	7.3 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 61465?

HUD's FY2027 Small Area Fair Market Rents for 61465 are $740 (studio), $840 (1 BR), $1,030 (2 BR), $1,350 (3 BR) and $1,640 (4 BR) a month.

What is the Section 8 payment standard in 61465?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 61465 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 61465?

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.