FMR is near market; voucher and private rents are aligned.
1.02
1 BR
1 BR- 60020
0.94ratio
FMR$1,540
Market$1,640
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR- 60020
0.95ratio
FMR$1,740
Market$1,840
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 60020
0.95ratio
FMR$2,240
Market$2,370
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR- 60020
0.95ratio
FMR$2,560
Market$2,700
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.95
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
--
Fox Lake, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Fox Lake, IL is $1,740 a month. That is up 5.5% from $1,650 in FY 2026. Fox Lake is in the Chicago-Joliet-Naperville, 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 Fox Lake is 82% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Fox Lake, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,370
$1,450
+5.8%
$1,305–$1,595
1BR
$1,460
$1,540
+5.5%
$1,386–$1,694
2BR
$1,650
$1,740
+5.5%
$1,566–$1,914
3BR
$2,120
$2,240
+5.7%
$2,016–$2,464
4BR
$2,460
$2,560
+4.1%
$2,304–$2,816
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Fox Lake, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,450
$1,540
$1,740
$2,240
$2,560
FY 2026
$1,370
$1,460
$1,650
$2,120
$2,460
FY 2025
$1,370
$1,470
$1,660
$2,130
$2,500
FY 2024
$1,330
$1,430
$1,630
$2,080
$2,460
FY 2023
$1,040
$1,120
$1,290
$1,640
$1,950
Questions about Fox Lake, IL rents
How much will Section 8 pay for a two-bedroom in Fox Lake, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,740, that basic range is $1,566 to $1,914 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 Fox Lake, IL in?
Fox Lake, IL is in the Chicago-Joliet-Naperville, 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 Fox Lake, IL for FY 2027?
The two-bedroom FMR rose 5.5%, from $1,650 in FY 2026 to $1,740 in FY 2027. Since FY 2023 it has risen 34.9%.
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