FY2027 Small Area FMR · Decatur, IL

ZIP 62524 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62524 (Decatur, IL) is $1,090 a month, up 2.8% from FY2026. That is 0% equal to the Decatur, IL area-wide FMR of $1,091.

2-bedroom SAFMR$1,090per month ▲ 2.8%

Area-wide 2 BR FMR$1,091Decatur, IL

Rank in the area11thof 29 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$981

2 BR Small Area FMR$1,090

110% of SAFMR$1,199

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

Studio$850▲ 1.2%

1 BR$860▲ 2.4%

2 BR$1,090▲ 2.8%

3 BR$1,410▲ 2.9%

4 BR$1,720▲ 1.2%

FY2027 FY2026

Where 62524 sits in the Decatur, IL area

Of the 29 ZIP codes HUD lists for the area, 62524 has the 11th highest two-bedroom Small Area FMR. Decatur, 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 $1,091 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,090 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	$850	$765 – $935	$851	$840
1 bedroom	$860	$774 – $946	$857	$840
2 bedrooms	$1,090	$981 – $1,199	$1,091	$1,060
3 bedrooms	$1,410	$1,269 – $1,551	$1,407	$1,370
4 bedrooms	$1,720	$1,548 – $1,892	$1,724	$1,700

A household renting a two-bedroom home at the Small Area FMR of $1,090 needs about $43,600 a year to keep housing costs at 30% of income. The area median family income is $95,100 and the 80% low-income limit for four people is $76,100. ZIP code 62524 lies mainly in Macon County. See the Decatur, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
62523	Decatur	1.7 mi	$960
62526	Decatur	3.3 mi	$1,060
62522	Decatur	4.0 mi	$1,040
62521	Decatur	4.0 mi	$1,180
62535	Forsyth	4.9 mi	$1,060
62537	Harristown	6.0 mi	$1,050

Questions

What is the Fair Market Rent for ZIP code 62524?

HUD's FY2027 Small Area Fair Market Rents for 62524 are $850 (studio), $860 (1 BR), $1,090 (2 BR), $1,410 (3 BR) and $1,720 (4 BR) a month.

What is the Section 8 payment standard in 62524?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62524 that range is $981 to $1,199 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 62524?

The FY2026 income limits of the Decatur, IL area apply: median family income $95,100, low-income (80%) limit $76,100 for a family of four.