FMR is near market; voucher and private rents are aligned.
0.95
1 BR
1 BR- 60084
0.95ratio
FMR$1,610
Market$1,700
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR- 60084
0.91ratio
FMR$1,820
Market$2,010
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR- 60084
0.98ratio
FMR$2,340
Market$2,380
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 60084
0.83ratio
FMR$2,670
Market$3,210
vs market-$540
FMR is below market; voucher rent may lag private rents.
0.83
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
--
Wauconda, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wauconda, IL is $1,820 a month. That is up 11.0% from $1,640 in FY 2026. Wauconda 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 Wauconda is 90% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wauconda, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,360
$1,520
+11.8%
$1,368–$1,672
1BR
$1,460
$1,610
+10.3%
$1,449–$1,771
2BR
$1,640
$1,820
+11.0%
$1,638–$2,002
3BR
$2,110
$2,340
+10.9%
$2,106–$2,574
4BR
$2,440
$2,670
+9.4%
$2,403–$2,937
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wauconda, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,520
$1,610
$1,820
$2,340
$2,670
FY 2026
$1,360
$1,460
$1,640
$2,110
$2,440
FY 2025
$1,370
$1,470
$1,660
$2,130
$2,500
FY 2024
$1,360
$1,460
$1,660
$2,110
$2,500
FY 2023
$1,140
$1,240
$1,420
$1,800
$2,140
Questions about Wauconda, IL rents
How much will Section 8 pay for a two-bedroom in Wauconda, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,820, that basic range is $1,638 to $2,002 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 Wauconda, IL in?
Wauconda, 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 Wauconda, IL for FY 2027?
The two-bedroom FMR rose 11.0%, from $1,640 in FY 2026 to $1,820 in FY 2027. Since FY 2023 it has risen 28.2%.
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