FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR- 60457
0.92ratio
FMR$1,350
Market$1,470
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 60457
0.76ratio
FMR$1,520
Market$1,990
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR- 60457
0.75ratio
FMR$1,950
Market$2,610
vs market-$660
FMR is below market; voucher rent may lag private rents.
0.75
4 BR
4 BR- 60457
0.70ratio
FMR$2,230
Market$3,180
vs market-$950
FMR is below market; voucher rent may lag private rents.
0.70
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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Hickory Hills, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hickory Hills, IL is $1,520 a month. That is up 11.8% from $1,360 in FY 2026. Hickory Hills 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 Hickory Hills is 59% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hickory Hills, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,130
$1,270
+12.4%
$1,143–$1,397
1BR
$1,210
$1,350
+11.6%
$1,215–$1,485
2BR
$1,360
$1,520
+11.8%
$1,368–$1,672
3BR
$1,750
$1,950
+11.4%
$1,755–$2,145
4BR
$2,030
$2,230
+9.9%
$2,007–$2,453
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hickory Hills, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,270
$1,350
$1,520
$1,950
$2,230
FY 2026
$1,130
$1,210
$1,360
$1,750
$2,030
FY 2025
$1,150
$1,230
$1,390
$1,790
$2,100
FY 2024
$1,130
$1,220
$1,390
$1,770
$2,090
FY 2023
$960
$1,040
$1,190
$1,510
$1,800
Questions about Hickory Hills, IL rents
How much will Section 8 pay for a two-bedroom in Hickory Hills, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,520, that basic range is $1,368 to $1,672 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 Hickory Hills, IL in?
Hickory Hills, 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 Hickory Hills, IL for FY 2027?
The two-bedroom FMR rose 11.8%, from $1,360 in FY 2026 to $1,520 in FY 2027. Since FY 2023 it has risen 27.7%.
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