FY2027 Small Area FMR · Lake Fork, IL

ZIP 62541 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62541 (Lake Fork, IL) is $940 a month, up 1.1% from FY2026. That is 2% below the Logan County, IL area-wide FMR of $962.

2-bedroom SAFMR$940per month ▲ 1.1%

Area-wide 2 BR FMR$962Logan County, IL

Rank in the area19thof 20 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▲ 3.1%

1 BR$740■ 0.0%

2 BR$940▲ 1.1%

3 BR$1,120▼ 2.6%

4 BR$1,240▲ 0.8%

FY2027 FY2026

Where 62541 sits in the Logan County, IL area

Of the 20 ZIP codes HUD lists for the area, 62541 has the 19th highest two-bedroom Small Area FMR. Logan 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 $962 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	$670	$640
1 bedroom	$740	$666 – $814	$757	$740
2 bedrooms	$940	$846 – $1,034	$962	$930
3 bedrooms	$1,120	$1,008 – $1,232	$1,146	$1,150
4 bedrooms	$1,240	$1,116 – $1,364	$1,264	$1,230

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 $93,000 and the 80% low-income limit for four people is $74,400. ZIP code 62541 lies mainly in Logan County. See the Logan County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
62519	Cornland	3.3 mi	$990
62548	Mount Pulaski	3.9 mi	$1,090
62634	Elkhart	6.1 mi	$930
62515	Buffalo	7.4 mi	$1,090
62693	Williamsville	8.5 mi	$1,420
62539	Illiopolis	8.8 mi	$1,090

Questions

What is the Fair Market Rent for ZIP code 62541?

HUD's FY2027 Small Area Fair Market Rents for 62541 are $660 (studio), $740 (1 BR), $940 (2 BR), $1,120 (3 BR) and $1,240 (4 BR) a month.

What is the Section 8 payment standard in 62541?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62541 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 62541?

The FY2026 income limits of the Logan County, IL area apply: median family income $93,000, low-income (80%) limit $74,400 for a family of four.