Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Hoffman, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hoffman, IL is $960 a month. That is down 3.0% from $990 in FY 2026. Hoffman is in the St. Louis, MO-IL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hoffman, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$760
$760
0.0%
$684–$836
1BR
$800
$790
−1.2%
$711–$869
2BR
$990
$960
−3.0%
$864–$1,056
3BR
$1,270
$1,230
−3.1%
$1,107–$1,353
4BR
$1,480
$1,420
−4.1%
$1,278–$1,562
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hoffman, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$760
$790
$960
$1,230
$1,420
FY 2026
$760
$800
$990
$1,270
$1,480
FY 2025
$840
$880
$1,090
$1,410
$1,640
FY 2024
$760
$800
$990
$1,280
$1,490
FY 2023
$630
$680
$860
$1,110
$1,310
Questions about Hoffman, IL rents
How much will Section 8 pay for a two-bedroom in Hoffman, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $960, that basic range is $864 to $1,056 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 Hoffman, IL in?
Hoffman, IL is in the St. Louis, MO-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 Hoffman, IL for FY 2027?
The two-bedroom FMR fell 3.0%, from $990 in FY 2026 to $960 in FY 2027. Since FY 2023 it has risen 11.6%.
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