FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR
0.87ratio
FMR$996
Market$1,150
vs market-$154
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR
0.85ratio
FMR$1,287
Market$1,510
vs market-$223
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR
0.92ratio
FMR$1,685
Market$1,830
vs market-$145
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR
0.89ratio
FMR$1,691
Market$1,900
vs market-$209
FMR is below market; voucher rent may lag private rents.
0.89
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
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ZIP 61709 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 61709 (Bloomington, IL) is $1,287 a month. That is down 1.2% from $1,302 in FY 2026. Bloomington is in the Bloomington, IL MSA. The median county two-bedroom FMR in Illinois is $958, so ZIP 61709 is 34% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 61709
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$927
$941
+1.5%
$847–$1,035
1BR
$999
$996
−0.3%
$896–$1,096
2BR
$1,302
$1,287
−1.2%
$1,158–$1,416
3BR
$1,717
$1,685
−1.9%
$1,517–$1,854
4BR
$1,724
$1,691
−1.9%
$1,522–$1,860
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 61709
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$941
$996
$1,287
$1,685
$1,691
FY 2026
$927
$999
$1,302
$1,717
$1,724
FY 2025
$770
$835
$1,080
$1,426
$1,432
FY 2024
$782
$869
$1,103
$1,536
$1,541
FY 2023
$698
$793
$987
$1,394
$1,583
Questions about ZIP 61709 rents
How much will Section 8 pay for a two-bedroom in ZIP 61709?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,287, that basic range is $1,158 to $1,416 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 ZIP 61709 in?
ZIP 61709 is in the Bloomington, IL MSA. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 61709 for FY 2027?
The two-bedroom FMR fell 1.2%, from $1,302 in FY 2026 to $1,287 in FY 2027. Since FY 2023 it has risen 30.4%.
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 Fair Market Rents. 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