FMR is below market; voucher rent may lag private rents.
0.65
1 BR
1 BR- 62549
0.60ratio
FMR$770
Market$1,290
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.60
2 BR
2 BR- 62549
0.64ratio
FMR$970
Market$1,520
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.64
3 BR
3 BR- 62549
0.72ratio
FMR$1,250
Market$1,740
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.72
4 BR
4 BR- 62549
0.90ratio
FMR$1,540
Market$1,720
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.90
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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Mt Zion, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mt Zion, IL is $970 a month. That is down 2.0% from $990 in FY 2026. Mt Zion is in the Decatur, IL MSA. 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 metro-wide two-bedroom FMR of $1,091. The median county two-bedroom FMR in Illinois is $958, so Mt Zion is 1% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mt Zion, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$780
$760
−2.6%
$684–$836
1BR
$790
$770
−2.5%
$693–$847
2BR
$990
$970
−2.0%
$873–$1,067
3BR
$1,280
$1,250
−2.3%
$1,125–$1,375
4BR
$1,590
$1,540
−3.1%
$1,386–$1,694
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mt Zion, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$760
$770
$970
$1,250
$1,540
FY 2026
$780
$790
$990
$1,280
$1,590
FY 2025
$740
$780
$970
$1,280
$1,510
FY 2024
$660
$740
$910
$1,240
$1,350
FY 2023
$590
$690
$840
$1,170
$1,240
Questions about Mt Zion, IL rents
How much will Section 8 pay for a two-bedroom in Mt Zion, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,091, which applies unless the housing authority uses Small Area FMRs, that basic range is $982 to $1,200 a month; under the ZIP-level Small Area FMR of $970 it would be $873 to $1,067. 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 Mt Zion, IL in?
Mt Zion, IL is in the Decatur, IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,091.
How much did fair market rent change in Mt Zion, IL for FY 2027?
The two-bedroom FMR fell 2.0%, from $990 in FY 2026 to $970 in FY 2027. Since FY 2023 it has risen 15.5%.
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