FY2027 Small Area FMR · Mount Vernon, IL

ZIP 62864 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62864 (Mount Vernon, IL) is $1,020 a month, down 2.9% from FY2026. That is 3% above the Jefferson County, IL area-wide FMR of $994.

2-bedroom SAFMR$1,020per month ▼ 2.9%

Area-wide 2 BR FMR$994Jefferson County, IL

Rank in the area2ndof 19 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$780▼ 1.3%

1 BR$790▼ 1.2%

2 BR$1,020▼ 2.9%

3 BR$1,220▼ 4.7%

4 BR$1,350▼ 3.6%

FY2027 FY2026

Where 62864 sits in the Jefferson County, IL area

Of the 19 ZIP codes HUD lists for the area, 62864 has the 2nd highest two-bedroom Small Area FMR. Jefferson 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 $994 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 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	$780	$702 – $858	$761	$790
1 bedroom	$790	$711 – $869	$766	$800
2 bedrooms	$1,020	$918 – $1,122	$994	$1,050
3 bedrooms	$1,220	$1,098 – $1,342	$1,186	$1,280
4 bedrooms	$1,350	$1,215 – $1,485	$1,320	$1,400

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $83,300 and the 80% low-income limit for four people is $71,750. ZIP code 62864 lies mainly in Jefferson County. See the Jefferson County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
62872	Opdyke	6.6 mi	$980
62830	Dix	8.6 mi	$930
62898	Woodlawn	8.7 mi	$1,010
62889	Texico	9.7 mi	$970
62816	Bonnie	9.8 mi	$1,000
62814	Bluford	9.8 mi	$930

Questions

What is the Fair Market Rent for ZIP code 62864?

HUD's FY2027 Small Area Fair Market Rents for 62864 are $780 (studio), $790 (1 BR), $1,020 (2 BR), $1,220 (3 BR) and $1,350 (4 BR) a month.

What is the Section 8 payment standard in 62864?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62864 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 62864?

The FY2026 income limits of the Jefferson County, IL area apply: median family income $83,300, low-income (80%) limit $71,750 for a family of four.