FY2027 Small Area FMR · Eldred, IL

ZIP 62027 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62027 (Eldred, IL) is $990 a month, down 5.7% from FY2026. That is 3% above the Greene County, IL area-wide FMR of $965.

2-bedroom SAFMR$990per month ▼ 5.7%

Area-wide 2 BR FMR$965Greene County, IL

Rank in the area7thof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$891

2 BR Small Area FMR$990

110% of SAFMR$1,089

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

Studio$710▼ 4.1%

1 BR$760▼ 6.2%

2 BR$990▼ 5.7%

3 BR$1,240▼ 3.1%

4 BR$1,520▲ 2.7%

FY2027 FY2026

Where 62027 sits in the Greene County, IL area

Of the 15 ZIP codes HUD lists for the area, 62027 has the 7th highest two-bedroom Small Area FMR. Greene 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 $965 for two bedrooms; an agency that opts in to Small Area FMRs would use $990 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	$710	$639 – $781	$672	$740
1 bedroom	$760	$684 – $836	$738	$810
2 bedrooms	$990	$891 – $1,089	$965	$1,050
3 bedrooms	$1,240	$1,116 – $1,364	$1,196	$1,280
4 bedrooms	$1,520	$1,368 – $1,672	$1,489	$1,480

A household renting a two-bedroom home at the Small Area FMR of $990 needs about $39,600 a year to keep housing costs at 30% of income. The area median family income is $85,700 and the 80% low-income limit for four people is $71,750. ZIP code 62027 lies mainly in Greene County. See the Greene County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
62045	Hamburg	6.9 mi	$1,060
62053	Kampsville	7.3 mi	$960
62016	Carrollton	7.7 mi	$1,000
62047	Hardin	9.4 mi	$960
62031	Fieldon	9.6 mi	$980
62054	Kane	12.3 mi	$960

Questions

What is the Fair Market Rent for ZIP code 62027?

HUD's FY2027 Small Area Fair Market Rents for 62027 are $710 (studio), $760 (1 BR), $990 (2 BR), $1,240 (3 BR) and $1,520 (4 BR) a month.

What is the Section 8 payment standard in 62027?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62027 that range is $891 to $1,089 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 62027?

The FY2026 income limits of the Greene County, IL area apply: median family income $85,700, low-income (80%) limit $71,750 for a family of four.