FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR- 60099
1.10ratio
FMR$1,640
Market$1,490
vs market+$150
FMR is above market; underwrite to market rent.
1.10
3 BR
3 BR- 60099
0.99ratio
FMR$2,110
Market$2,140
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR- 60099
0.95ratio
FMR$2,410
Market$2,540
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.95
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
--
Zion, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Zion, IL is $1,640 a month. That is up 10.1% from $1,490 in FY 2026. Zion 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 Zion is 71% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Zion, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,240
$1,370
+10.5%
$1,233–$1,507
1BR
$1,320
$1,450
+9.8%
$1,305–$1,595
2BR
$1,490
$1,640
+10.1%
$1,476–$1,804
3BR
$1,920
$2,110
+9.9%
$1,899–$2,321
4BR
$2,220
$2,410
+8.6%
$2,169–$2,651
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Zion, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,370
$1,450
$1,640
$2,110
$2,410
FY 2026
$1,240
$1,320
$1,490
$1,920
$2,220
FY 2025
$1,280
$1,360
$1,540
$1,980
$2,320
FY 2024
$1,280
$1,380
$1,570
$2,000
$2,370
FY 2023
$1,080
$1,170
$1,340
$1,700
$2,020
Questions about Zion, IL rents
How much will Section 8 pay for a two-bedroom in Zion, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,640, that basic range is $1,476 to $1,804 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 Zion, IL in?
Zion, 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 Zion, IL for FY 2027?
The two-bedroom FMR rose 10.1%, from $1,490 in FY 2026 to $1,640 in FY 2027. Since FY 2023 it has risen 22.4%.
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