FY2027 Small Area FMR · Mulberry Grove, IL
ZIP 62262 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62262 (Mulberry Grove, IL) is $1,160 a month, up 6.4% from FY2026. That is 18% above the Bond County, IL area-wide FMR of $979.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 62262 sits in the Bond County, IL area
Of the 14 ZIP codes HUD lists for the area, 62262 has the 4th highest two-bedroom Small Area FMR. Bond 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 $979 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,160 for this ZIP code instead.
ZIP code 62262 crosses more than one HUD area. HUD also lists it under Fayette County, IL (same figures) and Montgomery County, IL (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $840 | $756 – $924 | $682 | $780 |
| 1 bedroom | $1,020 | $918 – $1,122 | $899 | $960 |
| 2 bedrooms | $1,160 | $1,044 – $1,276 | $979 | $1,090 |
| 3 bedrooms | $1,520 | $1,368 – $1,672 | $1,275 | $1,380 |
| 4 bedrooms | $1,570 | $1,413 – $1,727 | $1,287 | $1,470 |
A household renting a two-bedroom home at the Small Area FMR of $1,160 needs about $46,400 a year to keep housing costs at 30% of income. The area median family income is $102,700 and the 80% low-income limit for four people is $82,150. ZIP code 62262 lies mainly in Bond County and Fayette County. See the Bond County, IL county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 62262?
HUD's FY2027 Small Area Fair Market Rents for 62262 are $840 (studio), $1,020 (1 BR), $1,160 (2 BR), $1,520 (3 BR) and $1,570 (4 BR) a month.
What is the Section 8 payment standard in 62262?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62262 that range is $1,044 to $1,276 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 62262?
The FY2026 income limits of the Bond County, IL area apply: median family income $102,700, low-income (80%) limit $82,150 for a family of four.