FY2027 Small Area FMR · Peoria Heights, IL

ZIP 61616 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 61616 (Peoria Heights, IL) is $1,160 a month, up 13.7% from FY2026. That is 4% below the Peoria, IL area-wide FMR of $1,212.

2-bedroom SAFMR$1,160per month ▲ 13.7%

Area-wide 2 BR FMR$1,212Peoria, IL

Rank in the area52ndof 98 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,044

2 BR Small Area FMR$1,160

110% of SAFMR$1,276

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

Studio$880▲ 18.9%

1 BR$920▲ 15.0%

2 BR$1,160▲ 13.7%

3 BR$1,490▲ 12.9%

4 BR$1,640▲ 15.5%

FY2027 FY2026

Where 61616 sits in the Peoria, IL area

Of the 98 ZIP codes HUD lists for the area, 61616 has the 52nd highest two-bedroom Small Area FMR. Peoria, 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 $1,212 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,160 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	$880	$792 – $968	$915	$740
1 bedroom	$920	$828 – $1,012	$961	$800
2 bedrooms	$1,160	$1,044 – $1,276	$1,212	$1,020
3 bedrooms	$1,490	$1,341 – $1,639	$1,557	$1,320
4 bedrooms	$1,640	$1,476 – $1,804	$1,710	$1,420

A household renting a two-bedroom home at the Small Area FMR of $1,160 needs about $46,400 a year to keep housing costs at 30% of income. The area median family income is $106,100 and the 80% low-income limit for four people is $84,900. ZIP code 61616 lies mainly in Peoria County. See the Peoria, IL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
61614	Peoria	1.9 mi	$1,200
61603	Peoria	2.4 mi	$1,300
61611	East Peoria	3.0 mi	$1,170
61606	Peoria	3.9 mi	$1,190
61625	Peoria	4.0 mi	$1,190
61552	Mossville	4.9 mi	$1,290

Questions

What is the Fair Market Rent for ZIP code 61616?

HUD's FY2027 Small Area Fair Market Rents for 61616 are $880 (studio), $920 (1 BR), $1,160 (2 BR), $1,490 (3 BR) and $1,640 (4 BR) a month.

What is the Section 8 payment standard in 61616?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 61616 that range is $1,044 to $1,276 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 61616?

The FY2026 income limits of the Peoria, IL area apply: median family income $106,100, low-income (80%) limit $84,900 for a family of four.