FY2027 Small Area FMR · Danville, IL

ZIP 61832 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 61832 (Danville, IL) is $1,000 a month, down 1.0% from FY2026. That is 5% above the Vermilion County, IL area-wide FMR of $956.

2-bedroom SAFMR$1,000per month ▼ 1.0%

Area-wide 2 BR FMR$956Vermilion County, IL

Rank in the area15thof 28 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$900

2 BR Small Area FMR$1,000

110% of SAFMR$1,100

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

Studio$780▲ 11.4%

1 BR$780▲ 1.3%

2 BR$1,000▼ 1.0%

3 BR$1,340▲ 9.8%

4 BR$1,400▲ 3.7%

FY2027 FY2026

Where 61832 sits in the Vermilion County, IL area

Of the 28 ZIP codes HUD lists for the area, 61832 has the 15th highest two-bedroom Small Area FMR. Vermilion 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 $956 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,000 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	$780	$702 – $858	$743	$700
1 bedroom	$780	$702 – $858	$748	$770
2 bedrooms	$1,000	$900 – $1,100	$956	$1,010
3 bedrooms	$1,340	$1,206 – $1,474	$1,278	$1,220
4 bedrooms	$1,400	$1,260 – $1,540	$1,337	$1,350

A household renting a two-bedroom home at the Small Area FMR of $1,000 needs about $40,000 a year to keep housing costs at 30% of income. The area median family income is $82,900 and the 80% low-income limit for four people is $71,750. ZIP code 61832 lies mainly in Vermilion County. See the Vermilion County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
61834	Danville	2.2 mi	$1,050
61833	Tilton	2.6 mi	$950
61858	Oakwood	6.6 mi	$950
61883	Westville	6.8 mi	$930
47982	State Line	7.2 mi	$1,050
61814	Bismarck	7.3 mi	$1,020

Questions

What is the Fair Market Rent for ZIP code 61832?

HUD's FY2027 Small Area Fair Market Rents for 61832 are $780 (studio), $780 (1 BR), $1,000 (2 BR), $1,340 (3 BR) and $1,400 (4 BR) a month.

What is the Section 8 payment standard in 61832?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 61832 that range is $900 to $1,100 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 61832?

The FY2026 income limits of the Vermilion County, IL area apply: median family income $82,900, low-income (80%) limit $71,750 for a family of four.