FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR- 60465
0.96ratio
FMR$1,580
Market$1,640
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR- 60465
0.90ratio
FMR$1,780
Market$1,970
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.90
3 BR
3 BR- 60465
0.85ratio
FMR$2,290
Market$2,710
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR- 60465
0.76ratio
FMR$2,610
Market$3,430
vs market-$820
FMR is below market; voucher rent may lag private rents.
0.76
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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Palos Hills, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Palos Hills, IL is $1,780 a month. That is up 9.9% from $1,620 in FY 2026. Palos Hills 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 Palos Hills is 86% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Palos Hills, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,350
$1,490
+10.4%
$1,341–$1,639
1BR
$1,440
$1,580
+9.7%
$1,422–$1,738
2BR
$1,620
$1,780
+9.9%
$1,602–$1,958
3BR
$2,090
$2,290
+9.6%
$2,061–$2,519
4BR
$2,410
$2,610
+8.3%
$2,349–$2,871
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Palos Hills, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,490
$1,580
$1,780
$2,290
$2,610
FY 2026
$1,350
$1,440
$1,620
$2,090
$2,410
FY 2025
$1,330
$1,420
$1,600
$2,060
$2,410
FY 2024
$1,270
$1,360
$1,550
$1,970
$2,340
FY 2023
$1,050
$1,130
$1,300
$1,650
$1,960
Questions about Palos Hills, IL rents
How much will Section 8 pay for a two-bedroom in Palos Hills, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,780, that basic range is $1,602 to $1,958 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 Palos Hills, IL in?
Palos Hills, 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 Palos Hills, IL for FY 2027?
The two-bedroom FMR rose 9.9%, from $1,620 in FY 2026 to $1,780 in FY 2027. Since FY 2023 it has risen 36.9%.
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