FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR- 61525
0.93ratio
FMR$1,280
Market$1,380
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR- 61525
1.08ratio
FMR$1,620
Market$1,500
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.08
3 BR
3 BR- 61525
1.06ratio
FMR$2,080
Market$1,960
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR- 61525
0.91ratio
FMR$2,290
Market$2,510
vs market-$220
FMR is near market; voucher and private rents are aligned.
0.91
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
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Dunlap, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Dunlap, IL is $1,620 a month. That is up 14.1% from $1,420 in FY 2026. Dunlap is in the Peoria, 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 $1,212. The median county two-bedroom FMR in Illinois is $958, so Dunlap is 69% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Dunlap, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,040
$1,220
+17.3%
$1,098–$1,342
1BR
$1,120
$1,280
+14.3%
$1,152–$1,408
2BR
$1,420
$1,620
+14.1%
$1,458–$1,782
3BR
$1,840
$2,080
+13.0%
$1,872–$2,288
4BR
$1,980
$2,290
+15.7%
$2,061–$2,519
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Dunlap, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,220
$1,280
$1,620
$2,080
$2,290
FY 2026
$1,040
$1,120
$1,420
$1,840
$1,980
FY 2025
$1,000
$1,100
$1,400
$1,810
$1,900
FY 2024
$910
$1,000
$1,280
$1,670
$1,710
FY 2023
$840
$920
$1,170
$1,520
$1,580
Questions about Dunlap, IL rents
How much will Section 8 pay for a two-bedroom in Dunlap, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,212, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,091 to $1,333 a month; under the ZIP-level Small Area FMR of $1,620 it would be $1,458 to $1,782. 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 Dunlap, IL in?
Dunlap, IL is in the Peoria, IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,212.
How much did fair market rent change in Dunlap, IL for FY 2027?
The two-bedroom FMR rose 14.1%, from $1,420 in FY 2026 to $1,620 in FY 2027. Since FY 2023 it has risen 38.5%.
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