FY2027 Small Area FMR · Milmine, IL

ZIP 61855 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 61855 (Milmine, IL) is $1,100 a month, up 5.8% from FY2026. That is 6% below the Champaign-Urbana, IL area-wide FMR of $1,173.

2-bedroom SAFMR$1,100per month ▲ 5.8%

Area-wide 2 BR FMR$1,173Champaign-Urbana, IL

Rank in the area28thof 54 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$990

2 BR Small Area FMR$1,100

110% of SAFMR$1,210

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

Studio$920▲ 5.7%

1 BR$940▲ 8.0%

2 BR$1,100▲ 5.8%

3 BR$1,390▲ 4.5%

4 BR$1,450▲ 5.8%

FY2027 FY2026

Where 61855 sits in the Champaign-Urbana, IL area

Of the 54 ZIP codes HUD lists for the area, 61855 has the 28th highest two-bedroom Small Area FMR. Champaign-Urbana, 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 $1,173 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,100 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	$920	$828 – $1,012	$983	$870
1 bedroom	$940	$846 – $1,034	$996	$870
2 bedrooms	$1,100	$990 – $1,210	$1,173	$1,040
3 bedrooms	$1,390	$1,251 – $1,529	$1,474	$1,330
4 bedrooms	$1,450	$1,305 – $1,595	$1,542	$1,370

A household renting a two-bedroom home at the Small Area FMR of $1,100 needs about $44,000 a year to keep housing costs at 30% of income. The area median family income is $114,300 and the 80% low-income limit for four people is $88,700. ZIP code 61855 lies mainly in Piatt County. See the Champaign-Urbana, IL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
61818	Cerro Gordo	3.8 mi	$1,210
61813	Bement	5.1 mi	$1,010
61929	Hammond	7.0 mi	$1,010
62501	Argenta	7.8 mi	$1,340
61830	Cisco	8.2 mi	$1,310
61856	Monticello	8.4 mi	$1,270

Questions

What is the Fair Market Rent for ZIP code 61855?

HUD's FY2027 Small Area Fair Market Rents for 61855 are $920 (studio), $940 (1 BR), $1,100 (2 BR), $1,390 (3 BR) and $1,450 (4 BR) a month.

What is the Section 8 payment standard in 61855?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 61855 that range is $990 to $1,210 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 61855?

The FY2026 income limits of the Champaign-Urbana, IL area apply: median family income $114,300, low-income (80%) limit $88,700 for a family of four.