FMR is near market; voucher and private rents are aligned.
1.02
1 BR
1 BR- 62071
0.92ratio
FMR$1,080
Market$1,180
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 62071
1.10ratio
FMR$1,320
Market$1,200
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.10
3 BR
3 BR- 62071
1.19ratio
FMR$1,690
Market$1,420
vs market+$270
FMR is above market; underwrite to market rent.
1.19
4 BR
4 BR- 62071
1.39ratio
FMR$1,950
Market$1,400
vs market+$550
FMR is above market; underwrite to market rent.
1.39
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
--
National Stock Yards, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in National Stock Yards, IL is $1,320 a month. That is up 10.9% from $1,190 in FY 2026. National Stock Yards 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. The median county two-bedroom FMR in Illinois is $958, so National Stock Yards is 38% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for National Stock Yards, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$930
$1,040
+11.8%
$936–$1,144
1BR
$970
$1,080
+11.3%
$972–$1,188
2BR
$1,190
$1,320
+10.9%
$1,188–$1,452
3BR
$1,530
$1,690
+10.5%
$1,521–$1,859
4BR
$1,770
$1,950
+10.2%
$1,755–$2,145
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for National Stock Yards, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,040
$1,080
$1,320
$1,690
$1,950
FY 2026
$930
$970
$1,190
$1,530
$1,770
FY 2025
$930
$960
$1,190
$1,540
$1,770
FY 2024
$910
$960
$1,190
$1,540
$1,790
FY 2023
$730
$780
$980
$1,270
$1,480
Questions about National Stock Yards, IL rents
How much will Section 8 pay for a two-bedroom in National Stock Yards, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,320, that basic range is $1,188 to $1,452 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 National Stock Yards, IL in?
National Stock Yards, 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 National Stock Yards, IL for FY 2027?
The two-bedroom FMR rose 10.9%, from $1,190 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 34.7%.
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