FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR- 60140
0.90ratio
FMR$1,750
Market$1,950
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.90
2 BR
2 BR- 60140
0.98ratio
FMR$2,020
Market$2,070
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR- 60140
1.11ratio
FMR$2,630
Market$2,380
vs market+$250
FMR is above market; underwrite to market rent.
1.11
4 BR
4 BR- 60140
1.09ratio
FMR$3,000
Market$2,740
vs market+$260
FMR is near market; voucher and private rents are aligned.
1.09
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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Hampshire, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hampshire, IL is $2,020 a month. That is down 6.9% from $2,170 in FY 2026. Hampshire is in the DeKalb 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 Hampshire is 111% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hampshire, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,800
$1,630
−9.4%
$1,467–$1,793
1BR
$1,930
$1,750
−9.3%
$1,575–$1,925
2BR
$2,170
$2,020
−6.9%
$1,818–$2,222
3BR
$2,790
$2,630
−5.7%
$2,367–$2,893
4BR
$3,230
$3,000
−7.1%
$2,700–$3,300
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hampshire, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,630
$1,750
$2,020
$2,630
$3,000
FY 2026
$1,800
$1,930
$2,170
$2,790
$3,230
FY 2025
$1,800
$1,930
$2,180
$2,800
$3,290
FY 2024
$1,780
$1,910
$2,180
$2,780
$3,290
FY 2023
$1,540
$1,660
$1,910
$2,420
$2,880
Questions about Hampshire, IL rents
How much will Section 8 pay for a two-bedroom in Hampshire, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,020, that basic range is $1,818 to $2,222 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 Hampshire, IL in?
Hampshire, IL is in the DeKalb 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 Hampshire, IL for FY 2027?
The two-bedroom FMR fell 6.9%, from $2,170 in FY 2026 to $2,020 in FY 2027. Since FY 2023 it has risen 5.8%.
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