FMR is below market; voucher rent may lag private rents.
0.90
1 BR
1 BR- 61430
0.87ratio
FMR$790
Market$910
vs market-$120
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR- 61430
1.04ratio
FMR$1,030
Market$990
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.04
3 BR
3 BR- 61430
1.18ratio
FMR$1,330
Market$1,130
vs market+$200
FMR is above market; underwrite to market rent.
1.18
4 BR
4 BR- 61430
1.19ratio
FMR$1,370
Market$1,150
vs market+$220
FMR is above market; underwrite to market rent.
1.19
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
--
East Galesburg, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in East Galesburg, IL is $1,030 a month. That is up 9.6% from $940 in FY 2026. East Galesburg is in the Knox 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 $930. The median county two-bedroom FMR in Illinois is $958, so East Galesburg is 8% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for East Galesburg, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$710
$780
+9.9%
$702–$858
1BR
$720
$790
+9.7%
$711–$869
2BR
$940
$1,030
+9.6%
$927–$1,133
3BR
$1,230
$1,330
+8.1%
$1,197–$1,463
4BR
$1,240
$1,370
+10.5%
$1,233–$1,507
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for East Galesburg, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$780
$790
$1,030
$1,330
$1,370
FY 2026
$710
$720
$940
$1,230
$1,240
FY 2025
$670
$680
$890
$1,160
$1,180
FY 2024area FMR
$596
$614
$807
$1,055
$1,075
FY 2023area FMR
$547
$588
$774
$1,012
$1,040
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about East Galesburg, IL rents
How much will Section 8 pay for a two-bedroom in East Galesburg, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $930, which applies unless the housing authority uses Small Area FMRs, that basic range is $837 to $1,023 a month; under the ZIP-level Small Area FMR of $1,030 it would be $927 to $1,133. 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 East Galesburg, IL in?
East Galesburg, IL is in the Knox County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $930.
How much did fair market rent change in East Galesburg, IL for FY 2027?
The two-bedroom FMR rose 9.6%, from $940 in FY 2026 to $1,030 in FY 2027. Since FY 2025 it has risen 15.7%.
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