FY2027 Small Area FMR · Albion, IL

ZIP 62806 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62806 (Albion, IL) is $950 a month, up 1.1% from FY2026. That is 2% above the Edwards County, IL area-wide FMR of $930.

2-bedroom SAFMR$950per month ▲ 1.1%

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

Rank in the area3rdof 6 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$855

2 BR Small Area FMR$950

110% of SAFMR$1,045

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

Studio$660▲ 1.5%

1 BR$730▲ 1.4%

2 BR$950▲ 1.1%

3 BR$1,130■ 0.0%

4 BR$1,250▲ 0.8%

FY2027 FY2026

Where 62806 sits in the Edwards County, IL area

Of the 6 ZIP codes HUD lists for the area, 62806 has the 3rd highest two-bedroom Small Area FMR. Edwards 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 $950 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	$648	$650
1 bedroom	$730	$657 – $803	$711	$720
2 bedrooms	$950	$855 – $1,045	$930	$940
3 bedrooms	$1,130	$1,017 – $1,243	$1,108	$1,130
4 bedrooms	$1,250	$1,125 – $1,375	$1,222	$1,240

A household renting a two-bedroom home at the Small Area FMR of $950 needs about $38,000 a year to keep housing costs at 30% of income. The area median family income is $78,500 and the 80% low-income limit for four people is $71,750. ZIP code 62806 lies mainly in Edwards County. See the Edwards County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
62833	Ellery	5.0 mi	$940
62818	Browns	6.0 mi	$990
62843	Golden Gate	6.6 mi	$930
62815	Bone Gap	7.9 mi	$930
62844	Grayville	8.4 mi	$930
62811	Bellmont	9.2 mi	$990

Questions

What is the Fair Market Rent for ZIP code 62806?

HUD's FY2027 Small Area Fair Market Rents for 62806 are $660 (studio), $730 (1 BR), $950 (2 BR), $1,130 (3 BR) and $1,250 (4 BR) a month.

What is the Section 8 payment standard in 62806?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62806 that range is $855 to $1,045 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 62806?

The FY2026 income limits of the Edwards County, IL area apply: median family income $78,500, low-income (80%) limit $71,750 for a family of four.