FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR- 61817
0.99ratio
FMR$800
Market$810
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR- 61817
1.17ratio
FMR$1,020
Market$870
vs market+$150
FMR is above market; underwrite to market rent.
1.17
3 BR
3 BR- 61817
1.35ratio
FMR$1,360
Market$1,010
vs market+$350
FMR is above market; underwrite to market rent.
1.35
4 BR
4 BR- 61817
1.36ratio
FMR$1,430
Market$1,050
vs market+$380
FMR is above market; underwrite to market rent.
1.36
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Catlin, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Catlin, IL is $1,020 a month. That is down 4.7% from $1,070 in FY 2026. Catlin is in the Vermilion County, IL non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $956. The median county two-bedroom FMR in Illinois is $958, so Catlin is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Catlin, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$740
$790
+6.8%
$711–$869
1BR
$820
$800
−2.4%
$720–$880
2BR
$1,070
$1,020
−4.7%
$918–$1,122
3BR
$1,300
$1,360
+4.6%
$1,224–$1,496
4BR
$1,440
$1,430
−0.7%
$1,287–$1,573
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Catlin, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$790
$800
$1,020
$1,360
$1,430
FY 2026
$740
$820
$1,070
$1,300
$1,440
FY 2025
$750
$840
$1,100
$1,340
$1,480
FY 2024
$770
$810
$1,070
$1,330
$1,430
FY 2023
$720
$740
$980
$1,240
$1,320
Questions about Catlin, IL rents
How much will Section 8 pay for a two-bedroom in Catlin, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $956, which applies unless the housing authority uses Small Area FMRs, that basic range is $860 to $1,052 a month; under the ZIP-level Small Area FMR of $1,020 it would be $918 to $1,122. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Catlin, IL in?
Catlin, IL is in the Vermilion County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $956.
How much did fair market rent change in Catlin, IL for FY 2027?
The two-bedroom FMR fell 4.7%, from $1,070 in FY 2026 to $1,020 in FY 2027. Since FY 2023 it has risen 4.1%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set