FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR- 60147
1.04ratio
FMR$1,750
Market$1,690
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.04
2 BR
2 BR- 60147
0.75ratio
FMR$1,980
Market$2,630
vs market-$650
FMR is below market; voucher rent may lag private rents.
0.75
3 BR
3 BR- 60147
0.85ratio
FMR$2,550
Market$3,010
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR- 60147
0.81ratio
FMR$2,910
Market$3,580
vs market-$670
FMR is below market; voucher rent may lag private rents.
0.81
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
--
Lafox, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lafox, IL is $1,980 a month. That is up 13.1% from $1,750 in FY 2026. Lafox 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 Lafox is 107% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lafox, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,450
$1,650
+13.8%
$1,485–$1,815
1BR
$1,550
$1,750
+12.9%
$1,575–$1,925
2BR
$1,750
$1,980
+13.1%
$1,782–$2,178
3BR
$2,250
$2,550
+13.3%
$2,295–$2,805
4BR
$2,610
$2,910
+11.5%
$2,619–$3,201
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lafox, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,650
$1,750
$1,980
$2,550
$2,910
FY 2026
$1,450
$1,550
$1,750
$2,250
$2,610
FY 2025
$1,440
$1,540
$1,740
$2,230
$2,630
FY 2024
$1,390
$1,490
$1,700
$2,160
$2,560
FY 2023
$1,160
$1,260
$1,440
$1,830
$2,170
Questions about Lafox, IL rents
How much will Section 8 pay for a two-bedroom in Lafox, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,980, that basic range is $1,782 to $2,178 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 Lafox, IL in?
Lafox, 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 Lafox, IL for FY 2027?
The two-bedroom FMR rose 13.1%, from $1,750 in FY 2026 to $1,980 in FY 2027. Since FY 2023 it has risen 37.5%.
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