FY2027 Small Area FMR · Royalton, IL

ZIP 62983 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 62983 (Royalton, IL) is $960 a month, up 1.1% from FY2026. That is 3% above the Franklin County, IL area-wide FMR of $930.

2-bedroom SAFMR$960per month ▲ 1.1%

Area-wide 2 BR FMR$930Franklin 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$670▲ 3.1%

1 BR$730▲ 1.4%

2 BR$960▲ 1.1%

3 BR$1,260▲ 3.3%

4 BR$1,360▼ 1.4%

FY2027 FY2026

Where 62983 sits in the Franklin County, IL area

Of the 22 ZIP codes HUD lists for the area, 62983 has the 9th highest two-bedroom Small Area FMR. Franklin 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	$670	$603 – $737	$648	$650
1 bedroom	$730	$657 – $803	$711	$720
2 bedrooms	$960	$864 – $1,056	$930	$950
3 bedrooms	$1,260	$1,134 – $1,386	$1,225	$1,220
4 bedrooms	$1,360	$1,224 – $1,496	$1,315	$1,380

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 $75,100 and the 80% low-income limit for four people is $71,750. ZIP code 62983 lies mainly in Franklin County. See the Franklin County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
62999	Zeigler	4.2 mi	$950
62932	Elkville	5.1 mi	$930
62865	Mulkeytown	5.3 mi	$960
62949	Hurst	5.3 mi	$940
62822	Christopher	6.2 mi	$930
62924	De Soto	6.9 mi	$1,020

Questions

What is the Fair Market Rent for ZIP code 62983?

HUD's FY2027 Small Area Fair Market Rents for 62983 are $670 (studio), $730 (1 BR), $960 (2 BR), $1,260 (3 BR) and $1,360 (4 BR) a month.

What is the Section 8 payment standard in 62983?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 62983 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 62983?

The FY2026 income limits of the Franklin County, IL area apply: median family income $75,100, low-income (80%) limit $71,750 for a family of four.