FY2027 Small Area FMR · Farina, IL
ZIP 62838 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62838 (Farina, IL) is $990 a month, up 7.6% from FY2026. That is 6% above the Clay County, IL area-wide FMR of $930.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 62838 sits in the Clay County, IL area
Of the 13 ZIP codes HUD lists for the area, 62838 has the 2nd highest two-bedroom Small Area FMR. Clay 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 $990 for this ZIP code instead.
ZIP code 62838 crosses more than one HUD area. HUD also lists it under Effingham County, IL (same figures), Fayette County, IL (same figures) and Marion County, IL (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $740 | $666 – $814 | $648 | $690 |
| 1 bedroom | $780 | $702 – $858 | $732 | $740 |
| 2 bedrooms | $990 | $891 – $1,089 | $930 | $920 |
| 3 bedrooms | $1,270 | $1,143 – $1,397 | $1,174 | $1,180 |
| 4 bedrooms | $1,440 | $1,296 – $1,584 | $1,344 | $1,310 |
A household renting a two-bedroom home at the Small Area FMR of $990 needs about $39,600 a year to keep housing costs at 30% of income. The area median family income is $77,900 and the 80% low-income limit for four people is $71,750. ZIP code 62838 lies mainly in Fayette County, Clay County and Marion County. See the Clay County, IL county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 62838?
HUD's FY2027 Small Area Fair Market Rents for 62838 are $740 (studio), $780 (1 BR), $990 (2 BR), $1,270 (3 BR) and $1,440 (4 BR) a month.
What is the Section 8 payment standard in 62838?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62838 that range is $891 to $1,089 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 62838?
The FY2026 income limits of the Clay County, IL area apply: median family income $77,900, low-income (80%) limit $71,750 for a family of four.