FY2027 Small Area FMR · Eagarville, IL

ZIP 62023 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62023 (Eagarville, IL) is $960 a month, up 4.3% from FY2026. That is 2% below the Macoupin County, IL area-wide FMR of $978.

2-bedroom SAFMR$960per month ▲ 4.3%

Area-wide 2 BR FMR$978Macoupin County, IL

Rank in the area20thof 32 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$864

2 BR Small Area FMR$960

110% of SAFMR$1,056

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

Studio$730▲ 5.8%

1 BR$730▲ 4.3%

2 BR$960▲ 4.3%

3 BR$1,160▲ 1.8%

4 BR$1,460▲ 2.8%

FY2027 FY2026

Where 62023 sits in the Macoupin County, IL area

Of the 32 ZIP codes HUD lists for the area, 62023 has the 20th highest two-bedroom Small Area FMR. Macoupin 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 $978 for two bedrooms; an agency that opts in to Small Area FMRs would use $960 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	$730	$657 – $803	$743	$690
1 bedroom	$730	$657 – $803	$748	$700
2 bedrooms	$960	$864 – $1,056	$978	$920
3 bedrooms	$1,160	$1,044 – $1,276	$1,191	$1,140
4 bedrooms	$1,460	$1,314 – $1,606	$1,492	$1,420

A household renting a two-bedroom home at the Small Area FMR of $960 needs about $38,400 a year to keep housing costs at 30% of income. The area median family income is $96,200 and the 80% low-income limit for four people is $76,950. ZIP code 62023 lies mainly in Macoupin County. See the Macoupin County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
62009	Benld	1.6 mi	$1,010
62085	Sawyerville	2.3 mi	$1,040
62069	Mount Olive	3.0 mi	$930
62033	Gillespie	3.3 mi	$950
62093	Wilsonville	4.8 mi	$990
62088	Staunton	6.9 mi	$1,070

Questions

What is the Fair Market Rent for ZIP code 62023?

HUD's FY2027 Small Area Fair Market Rents for 62023 are $730 (studio), $730 (1 BR), $960 (2 BR), $1,160 (3 BR) and $1,460 (4 BR) a month.

What is the Section 8 payment standard in 62023?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62023 that range is $864 to $1,056 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 62023?

The FY2026 income limits of the Macoupin County, IL area apply: median family income $96,200, low-income (80%) limit $76,950 for a family of four.