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Utica, IL

CitySAFMR
La Salle County
Found 1 ZIP

City Median Investment Score

97Above average

095130300
BRFMR
Eff. Rent
0 BR$1,020$1,020
1 BR$1,120$1,120
2 BR$1,470$1,470
3 BR$1,910$1,910
4 BR$2,360$2,360
5 BR$2,714Not available
6 BR$3,121Not available
7 BR$3,589Not available
8 BR$4,128Not available

Purchase Price Calculator

Maximum purchase price
$156,525

Cost breakdown

+Likely effective rent$1,470
HUD FMRUsed$1,470
Market rentN/A
Est. payment standardN/A
-Principal and interest-$791
Loan amount$125,220
Down payment$31,305
Rate6.50%
Term30 years
-Operating costs-$479
Property taxes-$157
Insurance-$175
Utilities$0
HOA$0
Management-$147
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,722(75.8% ROI)
Projected value
$168,560
Return breakdown
Property appreciation+$12,035
Loan principal paid down+$4,486
Rental cash flow+$7,200
5-year hold
+$40,569(129.6% ROI)
Projected value
$177,094
Return breakdown
Property appreciation+$20,569
Loan principal paid down+$8,000
Rental cash flow+$12,000
10-year hold
+$86,904(277.6% ROI)
Projected value
$200,365
Return breakdown
Property appreciation+$43,840
Loan principal paid down+$19,063
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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Utica, IL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Utica, IL is $1,470 a month. That is up 2.8% from $1,430 in FY 2026. Utica is in the La Salle County, IL non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,052. The median county two-bedroom FMR in Illinois is $958, so Utica is 54% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Utica, IL
BedroomsFY 2027Change90–110% range
Studio$1,0200.0%$918–$1,122
1BR$1,120+2.8%$1,008–$1,232
2BR$1,470+2.8%$1,323–$1,617
3BR$1,9100.0%$1,719–$2,101
4BR$2,360+4.9%$2,124–$2,596

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Utica, IL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,020$1,120$1,470$1,910$2,360
FY 2026$1,020$1,090$1,430$1,910$2,250
FY 2025$960$1,000$1,310$1,760$1,980
FY 2024area FMR$694$699$918$1,248$1,357
FY 2023area FMR$669$673$886$1,200$1,274

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about Utica, IL rents

How much will Section 8 pay for a two-bedroom in Utica, IL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,052, which applies unless the housing authority uses Small Area FMRs, that basic range is $947 to $1,157 a month; under the ZIP-level Small Area FMR of $1,470 it would be $1,323 to $1,617. 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 Utica, IL in?

Utica, IL is in the La Salle County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,052.

How much did fair market rent change in Utica, IL for FY 2027?

The two-bedroom FMR rose 2.8%, from $1,430 in FY 2026 to $1,470 in FY 2027. Since FY 2025 it has risen 12.2%.

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