FY2027 Small Area FMR · Concord, IL

ZIP 62631 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62631 (Concord, IL) is $1,090 a month, up 3.8% from FY2026. That is 17% above the Morgan County, IL area-wide FMR of $930.

2-bedroom SAFMR$1,090per month ▲ 3.8%

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

Rank in the area5thof 18 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$760▲ 5.6%

1 BR$900▲ 3.4%

2 BR$1,090▲ 3.8%

3 BR$1,400▲ 2.2%

4 BR$1,810▲ 2.8%

FY2027 FY2026

Where 62631 sits in the Morgan County, IL area

Of the 18 ZIP codes HUD lists for the area, 62631 has the 5th highest two-bedroom Small Area FMR. Morgan 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 $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	$760	$684 – $836	$648	$720
1 bedroom	$900	$810 – $990	$711	$870
2 bedrooms	$1,090	$981 – $1,199	$930	$1,050
3 bedrooms	$1,400	$1,260 – $1,540	$1,146	$1,370
4 bedrooms	$1,810	$1,629 – $1,991	$1,554	$1,760

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 $91,500 and the 80% low-income limit for four people is $73,200. ZIP code 62631 lies mainly in Morgan County. See the Morgan County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
62628	Chapin	4.2 mi	$1,210
62611	Arenzville	4.6 mi	$1,020
62665	Meredosia	9.3 mi	$930
62650	Jacksonville	9.5 mi	$930
62622	Bluff Springs	10.4 mi	$950
62618	Beardstown	11.0 mi	$980

Questions

What is the Fair Market Rent for ZIP code 62631?

HUD's FY2027 Small Area Fair Market Rents for 62631 are $760 (studio), $900 (1 BR), $1,090 (2 BR), $1,400 (3 BR) and $1,810 (4 BR) a month.

What is the Section 8 payment standard in 62631?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62631 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 62631?

The FY2026 income limits of the Morgan County, IL area apply: median family income $91,500, low-income (80%) limit $73,200 for a family of four.