FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR- 61772
0.79ratio
FMR$1,120
Market$1,410
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.79
2 BR
2 BR- 61772
0.99ratio
FMR$1,450
Market$1,460
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
3 BR
3 BR- 61772
1.03ratio
FMR$1,900
Market$1,850
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR- 61772
0.97ratio
FMR$1,920
Market$1,980
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.97
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
--
Shirley, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Shirley, IL is $1,450 a month. That is down 4.0% from $1,510 in FY 2026. Shirley is in the Bloomington, 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 $1,287. The median county two-bedroom FMR in Illinois is $958, so Shirley is 51% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Shirley, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,070
$1,060
−0.9%
$954–$1,166
1BR
$1,160
$1,120
−3.4%
$1,008–$1,232
2BR
$1,510
$1,450
−4.0%
$1,305–$1,595
3BR
$1,980
$1,900
−4.0%
$1,710–$2,090
4BR
$2,010
$1,920
−4.5%
$1,728–$2,112
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Shirley, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,060
$1,120
$1,450
$1,900
$1,920
FY 2026
$1,070
$1,160
$1,510
$1,980
$2,010
FY 2025
$910
$980
$1,270
$1,680
$1,690
FY 2024
$870
$970
$1,230
$1,710
$1,720
FY 2023
$720
$820
$1,020
$1,450
$1,640
Questions about Shirley, IL rents
How much will Section 8 pay for a two-bedroom in Shirley, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,287, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,158 to $1,416 a month; under the ZIP-level Small Area FMR of $1,450 it would be $1,305 to $1,595. 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 Shirley, IL in?
Shirley, IL is in the Bloomington, IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,287.
How much did fair market rent change in Shirley, IL for FY 2027?
The two-bedroom FMR fell 4.0%, from $1,510 in FY 2026 to $1,450 in FY 2027. Since FY 2023 it has risen 42.2%.
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