FY2027 Small Area FMR · Elkhart, IL

ZIP 62634 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62634 (Elkhart, IL) is $930 a month, unchanged from FY2026. That is 3% below the Logan County, IL area-wide FMR of $962.

2-bedroom SAFMR$930per month ■ 0.0%

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

Rank in the area20thof 20 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▲ 1.6%

1 BR$730▼ 1.4%

2 BR$930■ 0.0%

3 BR$1,110▼ 3.5%

4 BR$1,220▼ 0.8%

FY2027 FY2026

Where 62634 sits in the Logan County, IL area

Of the 20 ZIP codes HUD lists for the area, 62634 has the 20th 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 $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	$670	$640
1 bedroom	$730	$657 – $803	$757	$740
2 bedrooms	$930	$837 – $1,023	$962	$930
3 bedrooms	$1,110	$999 – $1,221	$1,146	$1,150
4 bedrooms	$1,220	$1,098 – $1,342	$1,264	$1,230

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 $93,000 and the 80% low-income limit for four people is $74,400. ZIP code 62634 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
62693	Williamsville	5.1 mi	$1,420
62541	Lake Fork	6.1 mi	$940
62519	Cornland	6.6 mi	$990
62666	Middletown	7.0 mi	$1,090
62548	Mount Pulaski	9.2 mi	$1,090
62656	Lincoln	9.8 mi	$960

Questions

What is the Fair Market Rent for ZIP code 62634?

HUD's FY2027 Small Area Fair Market Rents for 62634 are $650 (studio), $730 (1 BR), $930 (2 BR), $1,110 (3 BR) and $1,220 (4 BR) a month.

What is the Section 8 payment standard in 62634?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62634 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 62634?

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.