FY2027 Small Area FMR · New Canton, IL

ZIP 62356 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62356 (New Canton, IL) is $940 a month, up 2.2% from FY2026. That is 1% above the Pike County, IL area-wide FMR of $930.

2-bedroom SAFMR$940per month ▲ 2.2%

Area-wide 2 BR FMR$930Pike County, IL

Rank in the area11thof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$846

2 BR Small Area FMR$940

110% of SAFMR$1,034

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

Studio$660▲ 4.8%

1 BR$720▲ 2.9%

2 BR$940▲ 2.2%

3 BR$1,150▲ 3.6%

4 BR$1,410▲ 2.9%

FY2027 FY2026

Where 62356 sits in the Pike County, IL area

Of the 15 ZIP codes HUD lists for the area, 62356 has the 11th highest two-bedroom Small Area FMR. Pike 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 $930 for two bedrooms; an agency that opts in to Small Area FMRs would use $940 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	$660	$594 – $726	$648	$630
1 bedroom	$720	$648 – $792	$711	$700
2 bedrooms	$940	$846 – $1,034	$930	$920
3 bedrooms	$1,150	$1,035 – $1,265	$1,135	$1,110
4 bedrooms	$1,410	$1,269 – $1,551	$1,403	$1,370

A household renting a two-bedroom home at the Small Area FMR of $940 needs about $37,600 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 62356 lies mainly in Pike County. See the Pike County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
63433	Ashburn	4.8 mi	$1,020
62370	Rockport	6.3 mi	$970
62345	Kinderhook	8.4 mi	$930
62312	Barry	8.7 mi	$960
63353	Louisiana	9.5 mi	$1,030
63467	Saverton	11.0 mi	$980

Questions

What is the Fair Market Rent for ZIP code 62356?

HUD's FY2027 Small Area Fair Market Rents for 62356 are $660 (studio), $720 (1 BR), $940 (2 BR), $1,150 (3 BR) and $1,410 (4 BR) a month.

What is the Section 8 payment standard in 62356?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62356 that range is $846 to $1,034 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 62356?

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