Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 61237 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 61237 (Buffalo Prairie, IL) is $1,030 a month. That is down 8.0% from $1,120 in FY 2026. Buffalo Prairie is in the Davenport-Moline-Rock Island, IA-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 $1,056. Among 24 ZIP codes in Rock Island County, 61237 is tied for the 15th-highest two-bedroom rent (county range $1,030–$1,580). The median county two-bedroom FMR in Illinois is $958, so ZIP 61237 is 8% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 61237
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$770
−3.7%
$693–$847
1BR
$910
$840
−7.7%
$756–$924
2BR
$1,120
$1,030
−8.0%
$927–$1,133
3BR
$1,470
$1,360
−7.5%
$1,224–$1,496
4BR
$1,780
$1,660
−6.7%
$1,494–$1,826
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 61237
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$770
$840
$1,030
$1,360
$1,660
FY 2026
$800
$910
$1,120
$1,470
$1,780
FY 2025
$700
$820
$1,010
$1,320
$1,560
FY 2024
$640
$770
$950
$1,240
$1,430
FY 2023
$610
$740
$910
$1,200
$1,360
Two-bedroom rent in nearby Rock Island County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 61237?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,056, which applies unless the housing authority uses Small Area FMRs, that basic range is $950 to $1,162 a month; under the ZIP-level Small Area FMR of $1,030 it would be $927 to $1,133. 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 ZIP 61237 in?
ZIP 61237 is in the Davenport-Moline-Rock Island, IA-IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,056.
How much did fair market rent change in ZIP 61237 for FY 2027?
The two-bedroom FMR fell 8.0%, from $1,120 in FY 2026 to $1,030 in FY 2027. Since FY 2023 it has risen 13.2%.
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