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IL/Macon County/Decatur

Decatur, IL

CitySAFMR
Macon County
Found 6 ZIPs
Zillow

City Median Investment Score

90Below average

095130300
BRFMR
Eff. Rent
0 BR$760 – $920$710 – $770
1 BR$770 – $930$740 – $840
2 BR$960 – $1,180$930 – $960
3 BR$1,250 – $1,520$1,030 – $1,150
4 BR$1,540 – $1,860$1,160 – $1,360
5 BR$1,949Not available
6 BR$2,242Not available
7 BR$2,578Not available
8 BR$2,965Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
3
1.05-1.23
1 BR
2
2
0.96-1.22
2 BR
2
1.03-1.27
3 BR
3
1.17-1.42
4 BR
2
2
2
1.21-1.50
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Decatur, IL fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 6 ZIP codes in Decatur, IL ranges from $960 to $1,180 a month, with a median of $1,075. That is up 1.4% from $1,060 in FY 2026. Decatur is in the Decatur, IL MSA. 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 metro-wide two-bedroom FMR of $1,091. The median county two-bedroom FMR in Illinois is $958, so Decatur is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Decatur, IL
BedroomsFY 2027Change90–110% range
Studio$8400.0%$756–$924
1BR$845+0.6%$761–$930
2BR$1,075+1.4%$968–$1,183
3BR$1,390+1.5%$1,251–$1,529
4BR$1,695−0.3%$1,526–$1,865

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Decatur, IL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$840$845$1,075$1,390$1,695
FY 2026$840$840$1,060$1,370$1,700
FY 2025$770$800$1,000$1,320$1,560
FY 2024$680$770$940$1,280$1,390
FY 2023$605$705$865$1,205$1,280

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
62521$1,180+9.8%
62524$1,090+1.4%
62525$1,090+1.4%
62526$1,060−1.4%
62522$1,040−3.3%
62523$960−10.7%

Questions about Decatur, IL rents

How much will Section 8 pay for a two-bedroom in Decatur, IL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,091, which applies unless the housing authority uses Small Area FMRs, that basic range is $982 to $1,200 a month; under the ZIP-level Small Area FMR of $1,075 it would be $968 to $1,183. 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 Decatur, IL in?

Decatur, IL is in the Decatur, IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,091.

How much did fair market rent change in Decatur, IL for FY 2027?

The two-bedroom FMR rose 1.4%, from $1,060 in FY 2026 to $1,075 in FY 2027. Since FY 2023 it has risen 24.3%.

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

County fair market rentIL statewide rentsWhat is SAFMR?Data sources