FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR- 60416
0.91ratio
FMR$1,180
Market$1,290
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR- 60416
1.00ratio
FMR$1,540
Market$1,540
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR- 60416
1.19ratio
FMR$2,120
Market$1,780
vs market+$340
FMR is above market; underwrite to market rent.
1.19
4 BR
4 BR- 60416
1.35ratio
FMR$2,450
Market$1,820
vs market+$630
FMR is above market; underwrite to market rent.
1.35
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
--
Coal City, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Coal City, IL is $1,540 a month. That is up 10.0% from $1,400 in FY 2026. Coal City is in the Grundy County, IL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Illinois is $958, so Coal City is 61% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Coal City, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$1,140
+15.2%
$1,026–$1,254
1BR
$1,070
$1,180
+10.3%
$1,062–$1,298
2BR
$1,400
$1,540
+10.0%
$1,386–$1,694
3BR
$1,900
$2,120
+11.6%
$1,908–$2,332
4BR
$2,110
$2,450
+16.1%
$2,205–$2,695
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Coal City, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,140
$1,180
$1,540
$2,120
$2,450
FY 2026
$990
$1,070
$1,400
$1,900
$2,110
FY 2025
$1,010
$1,110
$1,460
$1,930
$1,940
FY 2024
$1,000
$1,110
$1,460
$1,910
$1,940
FY 2023
$840
$930
$1,230
$1,570
$1,650
Questions about Coal City, IL rents
How much will Section 8 pay for a two-bedroom in Coal City, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,540, that basic range is $1,386 to $1,694 a month. 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 Coal City, IL in?
Coal City, IL is in the Grundy County, IL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Coal City, IL for FY 2027?
The two-bedroom FMR rose 10.0%, from $1,400 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 25.2%.
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