FMR is near market; voucher and private rents are aligned.
1.00
1 BR
1 BR- 60072
1.00ratio
FMR$1,280
Market$1,280
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR- 60072
0.78ratio
FMR$1,450
Market$1,850
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR- 60072
0.80ratio
FMR$1,860
Market$2,330
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.80
4 BR
4 BR- 60072
0.88ratio
FMR$2,130
Market$2,430
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.88
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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Ringwood, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ringwood, IL is $1,450 a month. That is down 4.6% from $1,520 in FY 2026. Ringwood 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 Ringwood is 51% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ringwood, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,260
$1,210
−4.0%
$1,089–$1,331
1BR
$1,350
$1,280
−5.2%
$1,152–$1,408
2BR
$1,520
$1,450
−4.6%
$1,305–$1,595
3BR
$1,950
$1,860
−4.6%
$1,674–$2,046
4BR
$2,290
$2,130
−7.0%
$1,917–$2,343
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Ringwood, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,210
$1,280
$1,450
$1,860
$2,130
FY 2026
$1,260
$1,350
$1,520
$1,950
$2,290
FY 2025
$1,390
$1,490
$1,680
$2,160
$2,540
FY 2024
$1,340
$1,440
$1,640
$2,090
$2,480
FY 2023
$1,120
$1,220
$1,400
$1,770
$2,100
Questions about Ringwood, IL rents
How much will Section 8 pay for a two-bedroom in Ringwood, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,450, that basic range is $1,305 to $1,595 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 Ringwood, IL in?
Ringwood, 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 Ringwood, IL for FY 2027?
The two-bedroom FMR fell 4.6%, from $1,520 in FY 2026 to $1,450 in FY 2027. Since FY 2023 it has risen 3.6%.
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