FMR is near market; voucher and private rents are aligned.
1.02
2 BR
2 BR- 60944
0.94ratio
FMR$1,349
Market$1,440
vs market-$91
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 60944
0.96ratio
FMR$1,775
Market$1,840
vs market-$65
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 60944
0.93ratio
FMR$1,876
Market$2,010
vs market-$134
FMR is near market; voucher and private rents are aligned.
0.93
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
--
Hopkins Park, IL fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in Hopkins Park, IL is $1,349 a month. That is up 1.7% from $1,326 in FY 2026. Hopkins Park is in the Kankakee, IL MSA. The median county two-bedroom FMR in Illinois is $958, so Hopkins Park is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hopkins Park, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$914
$939
+2.7%
$845–$1,033
1BR
$1,011
$1,031
+2.0%
$928–$1,134
2BR
$1,326
$1,349
+1.7%
$1,214–$1,484
3BR
$1,745
$1,775
+1.7%
$1,598–$1,953
4BR
$1,774
$1,876
+5.7%
$1,688–$2,064
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hopkins Park, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$939
$1,031
$1,349
$1,775
$1,876
FY 2026
$914
$1,011
$1,326
$1,745
$1,774
FY 2025
$858
$954
$1,251
$1,654
$1,661
FY 2024
$789
$886
$1,164
$1,569
$1,619
FY 2023
$715
$813
$1,070
$1,458
$1,541
Questions about Hopkins Park, IL rents
How much will Section 8 pay for a two-bedroom in Hopkins Park, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,349, that basic range is $1,214 to $1,484 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 Hopkins Park, IL in?
Hopkins Park, IL is in the Kankakee, IL MSA. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in Hopkins Park, IL for FY 2027?
The two-bedroom FMR rose 1.7%, from $1,326 in FY 2026 to $1,349 in FY 2027. Since FY 2023 it has risen 26.1%.
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 Fair Market Rents. 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