FY2027 Small Area FMR · Perry, IL

ZIP 62362 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62362 (Perry, IL) is $930 a month, up 1.1% from FY2026. That is 0% equal to the Pike County, IL area-wide FMR of $930.

2-bedroom SAFMR$930per month ▲ 1.1%

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

Rank in the area12thof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$837

2 BR Small Area FMR$930

110% of SAFMR$1,023

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

Studio$650▲ 3.2%

1 BR$710▲ 1.4%

2 BR$930▲ 1.1%

3 BR$1,130▲ 1.8%

4 BR$1,400▲ 2.2%

FY2027 FY2026

Where 62362 sits in the Pike County, IL area

Of the 15 ZIP codes HUD lists for the area, 62362 has the 12th 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 $930 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	$650	$585 – $715	$648	$630
1 bedroom	$710	$639 – $781	$711	$700
2 bedrooms	$930	$837 – $1,023	$930	$920
3 bedrooms	$1,130	$1,017 – $1,243	$1,135	$1,110
4 bedrooms	$1,400	$1,260 – $1,540	$1,403	$1,370

A household renting a two-bedroom home at the Small Area FMR of $930 needs about $37,200 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 62362 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
62323	Chambersburg	3.3 mi	$960
62340	Griggsville	3.4 mi	$930
62314	Baylis	7.7 mi	$960
62357	New Salem	9.2 mi	$930
62378	Versailles	10.4 mi	$1,050
62665	Meredosia	11.8 mi	$930

Questions

What is the Fair Market Rent for ZIP code 62362?

HUD's FY2027 Small Area Fair Market Rents for 62362 are $650 (studio), $710 (1 BR), $930 (2 BR), $1,130 (3 BR) and $1,400 (4 BR) a month.

What is the Section 8 payment standard in 62362?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62362 that range is $837 to $1,023 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 62362?

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.