FY2027 Small Area FMR · Shipman, IL

ZIP 62685 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62685 (Shipman, IL) is $1,050 a month, up 4.0% from FY2026. That is 7% above the Macoupin County, IL area-wide FMR of $978.

2-bedroom SAFMR$1,050per month ▲ 4.0%

Area-wide 2 BR FMR$978Macoupin County, IL

Rank in the area11thof 32 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$945

2 BR Small Area FMR$1,050

110% of SAFMR$1,155

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

Studio$800▲ 5.3%

1 BR$800▲ 3.9%

2 BR$1,050▲ 4.0%

3 BR$1,280▲ 1.6%

4 BR$1,600▲ 1.9%

FY2027 FY2026

Where 62685 sits in the Macoupin County, IL area

Of the 32 ZIP codes HUD lists for the area, 62685 has the 11th highest two-bedroom Small Area FMR. Macoupin 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 $978 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,050 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	$800	$720 – $880	$743	$760
1 bedroom	$800	$720 – $880	$748	$770
2 bedrooms	$1,050	$945 – $1,155	$978	$1,010
3 bedrooms	$1,280	$1,152 – $1,408	$1,191	$1,260
4 bedrooms	$1,600	$1,440 – $1,760	$1,492	$1,570

A household renting a two-bedroom home at the Small Area FMR of $1,050 needs about $42,000 a year to keep housing costs at 30% of income. The area median family income is $96,200 and the 80% low-income limit for four people is $76,950. ZIP code 62685 lies mainly in Macoupin County. See the Macoupin County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
62014	Bunker Hill	7.2 mi	$1,110
62079	Piasa	7.8 mi	$1,050
62030	Fidelity	8.7 mi	$1,010
62033	Gillespie	8.7 mi	$950
62063	Medora	8.9 mi	$1,000
62630	Chesterfield	9.2 mi	$980

Questions

What is the Fair Market Rent for ZIP code 62685?

HUD's FY2027 Small Area Fair Market Rents for 62685 are $800 (studio), $800 (1 BR), $1,050 (2 BR), $1,280 (3 BR) and $1,600 (4 BR) a month.

What is the Section 8 payment standard in 62685?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62685 that range is $945 to $1,155 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 62685?

The FY2026 income limits of the Macoupin County, IL area apply: median family income $96,200, low-income (80%) limit $76,950 for a family of four.