FY2027 Small Area FMR · Shelbyville, IL

ZIP 62565 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62565 (Shelbyville, IL) is $930 a month, up 1.1% from FY2026. That is 2% below the Shelby County, IL area-wide FMR of $946.

2-bedroom SAFMR$930per month ▲ 1.1%

Area-wide 2 BR FMR$946Shelby County, IL

Rank in the area16thof 23 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$750▼ 1.3%

2 BR$930▲ 1.1%

3 BR$1,110▲ 0.9%

4 BR$1,380■ 0.0%

FY2027 FY2026

Where 62565 sits in the Shelby County, IL area

Of the 23 ZIP codes HUD lists for the area, 62565 has the 16th highest two-bedroom Small Area FMR. Shelby 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 $946 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	$659	$630
1 bedroom	$750	$675 – $825	$766	$760
2 bedrooms	$930	$837 – $1,023	$946	$920
3 bedrooms	$1,110	$999 – $1,221	$1,127	$1,100
4 bedrooms	$1,380	$1,242 – $1,518	$1,400	$1,380

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 $91,400 and the 80% low-income limit for four people is $73,100. ZIP code 62565 lies mainly in Shelby County. See the Shelby County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
62438	Lakewood	7.2 mi	$930
62534	Findlay	8.1 mi	$1,010
62571	Tower Hill	8.6 mi	$930
62465	Strasburg	9.7 mi	$1,160
62444	Mode	10.0 mi	$1,020
61957	Windsor	10.5 mi	$930

Questions

What is the Fair Market Rent for ZIP code 62565?

HUD's FY2027 Small Area Fair Market Rents for 62565 are $650 (studio), $750 (1 BR), $930 (2 BR), $1,110 (3 BR) and $1,380 (4 BR) a month.

What is the Section 8 payment standard in 62565?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62565 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 62565?

The FY2026 income limits of the Shelby County, IL area apply: median family income $91,400, low-income (80%) limit $73,100 for a family of four.