FY2027 Small Area FMR · Jacob, IL

ZIP 62950 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62950 (Jacob, IL) is $960 a month, up 3.2% from FY2026. That is 3% above the Jackson County, IL area-wide FMR of $930.

2-bedroom SAFMR$960per month ▲ 3.2%

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

Rank in the area9thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$864

2 BR Small Area FMR$960

110% of SAFMR$1,056

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

Studio$680▲ 4.6%

1 BR$820▲ 6.5%

2 BR$960▲ 3.2%

3 BR$1,250▲ 2.5%

4 BR$1,290▲ 5.7%

FY2027 FY2026

Where 62950 sits in the Jackson County, IL area

Of the 22 ZIP codes HUD lists for the area, 62950 has the 9th highest two-bedroom Small Area FMR. Jackson 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 $960 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	$680	$612 – $748	$648	$650
1 bedroom	$820	$738 – $902	$761	$770
2 bedrooms	$960	$864 – $1,056	$930	$930
3 bedrooms	$1,250	$1,125 – $1,375	$1,212	$1,220
4 bedrooms	$1,290	$1,161 – $1,419	$1,254	$1,220

A household renting a two-bedroom home at the Small Area FMR of $960 needs about $38,400 a year to keep housing costs at 30% of income. The area median family income is $85,200 and the 80% low-income limit for four people is $71,750. ZIP code 62950 lies mainly in Jackson County. See the Jackson County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
62940	Gorham	4.9 mi	$930
63748	Frohna	6.4 mi	$1,010
63746	Farrar	7.8 mi	$1,030
62942	Grand Tower	8.2 mi	$930
62280	Rockwood	8.4 mi	$1,000
62907	Ava	9.4 mi	$990

Questions

What is the Fair Market Rent for ZIP code 62950?

HUD's FY2027 Small Area Fair Market Rents for 62950 are $680 (studio), $820 (1 BR), $960 (2 BR), $1,250 (3 BR) and $1,290 (4 BR) a month.

What is the Section 8 payment standard in 62950?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62950 that range is $864 to $1,056 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 62950?

The FY2026 income limits of the Jackson County, IL area apply: median family income $85,200, low-income (80%) limit $71,750 for a family of four.