FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR- 62948
0.99ratio
FMR$860
Market$870
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR- 62948
1.14ratio
FMR$1,130
Market$990
vs market+$140
FMR is above market; underwrite to market rent.
1.14
3 BR
3 BR- 62948
1.13ratio
FMR$1,480
Market$1,310
vs market+$170
FMR is above market; underwrite to market rent.
1.13
4 BR
4 BR- 62948
1.00ratio
FMR$1,490
Market$1,490
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
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
--
Herrin, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Herrin, IL is $1,130 a month. That is down 2.6% from $1,160 in FY 2026. Herrin is in the Franklin 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 Herrin is 18% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Herrin, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$840
$790
−6.0%
$711–$869
1BR
$880
$860
−2.3%
$774–$946
2BR
$1,160
$1,130
−2.6%
$1,017–$1,243
3BR
$1,530
$1,480
−3.3%
$1,332–$1,628
4BR
$1,540
$1,490
−3.2%
$1,341–$1,639
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Herrin, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$790
$860
$1,130
$1,480
$1,490
FY 2026
$840
$880
$1,160
$1,530
$1,540
FY 2025
$840
$860
$1,130
$1,560
$1,690
FY 2024
$760
$760
$1,000
$1,340
$1,600
FY 2023
$660
$660
$870
$1,160
$1,450
Questions about Herrin, IL rents
How much will Section 8 pay for a two-bedroom in Herrin, 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 $1,130 it would be $1,017 to $1,243. 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 Herrin, IL in?
Herrin, IL is in the Franklin 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 Herrin, IL for FY 2027?
The two-bedroom FMR fell 2.6%, from $1,160 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 29.9%.
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