FY2027 Small Area FMR · Oakwood, IL

ZIP 61858 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 61858 (Oakwood, IL) is $950 a month, unchanged from FY2026. That is 1% below the Vermilion County, IL area-wide FMR of $956.

2-bedroom SAFMR$950per month ■ 0.0%

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

Rank in the area19thof 28 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$855

2 BR Small Area FMR$950

110% of SAFMR$1,045

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

Studio$740▲ 13.8%

1 BR$740▲ 2.8%

2 BR$950■ 0.0%

3 BR$1,270▲ 10.4%

4 BR$1,330▲ 4.7%

FY2027 FY2026

Where 61858 sits in the Vermilion County, IL area

Of the 28 ZIP codes HUD lists for the area, 61858 has the 19th 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 $950 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	$743	$650
1 bedroom	$740	$666 – $814	$748	$720
2 bedrooms	$950	$855 – $1,045	$956	$950
3 bedrooms	$1,270	$1,143 – $1,397	$1,278	$1,150
4 bedrooms	$1,330	$1,197 – $1,463	$1,337	$1,270

A household renting a two-bedroom home at the Small Area FMR of $950 needs about $38,000 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 61858 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
61857	Muncie	4.4 mi	$1,170
61834	Danville	4.8 mi	$1,050
61844	Fithian	5.7 mi	$1,170
61831	Collison	6.5 mi	$990
61832	Danville	6.6 mi	$1,000
61833	Tilton	6.7 mi	$950

Questions

What is the Fair Market Rent for ZIP code 61858?

HUD's FY2027 Small Area Fair Market Rents for 61858 are $740 (studio), $740 (1 BR), $950 (2 BR), $1,270 (3 BR) and $1,330 (4 BR) a month.

What is the Section 8 payment standard in 61858?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 61858 that range is $855 to $1,045 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 61858?

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.