Illinois · FIPS 17005 · HUD FY 2027
Bond County, Illinois Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Bond County is $979 a month (rent plus utilities), 43% below the Illinois average of $1,724 and 44% below the U.S. average of $1,761. That is up $63 (6.9%) from FY 2026. At 30% of income, a household needs about $39,160 a year to afford it.
- $9792-bedroom FMR+$63 (+6.9%) vs FY 2026
- $8991-bedroom FMRIllinois: $1,489 · U.S.: $1,478
- $39,160Income for a 2-bedroom$19/hour full-time
- 47 of 1022BR rank in Illinois1 = highest rent
| Unit | Bond County FY 2027 | FY 2026 | Change | Illinois avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $682 | $632 | +$50 (+7.9%) | $1,401 | $1,379 | $27,280 |
| 1 bedroom | $899 | $836 | +$63 (+7.5%) | $1,489 | $1,478 | $35,960 |
| 2 bedrooms | $979 | $916 | +$63 (+6.9%) | $1,724 | $1,761 | $39,160 |
| 3 bedrooms | $1,275 | $1,154 | +$121 (+10.5%) | $2,220 | $2,266 | $51,000 |
| 4 bedrooms | $1,287 | $1,213 | +$74 (+6.1%) | $2,524 | $2,607 | $51,480 |
How Bond County compares
- HUD sets this rent for the Bond County, IL metro FMR area, which covers 16,716 residents in 1 county.
- Across Illinois, 2-bedroom FMRs run from $930 (White County) to $2,341 (Kendall County).
- Studio to 4-bedroom: $682, $899, $979, $1,275, $1,287. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 8 ZIP codes mostly in Bond County (by land area), the 2-bedroom figure ranges from $960 to $1,440.
Small Area FMRs by ZIP code in Bond County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 62019 | $740 | $870 | $1,010 | $1,260 | $1,460 | −$70 (−6.5%) | 3% above |
| 62086 | $710 | $920 | $1,020 | $1,320 | $1,340 | +$30 (+3.0%) | 4% above |
| 62246 | $690 | $890 | $970 | $1,260 | $1,340 | −$20 (−2.0%) | 1% below |
| 62253 | $700 | $850 | $960 | $1,250 | $1,340 | −$30 (−3.0%) | 2% below |
| 62262 | $840 | $1,020 | $1,160 | $1,520 | $1,570 | +$70 (+6.4%) | 18% above |
| 62273 | $1,000 | $1,320 | $1,440 | $1,880 | $1,890 | +$210 (+17.1%) | 47% above |
| 62275 | $780 | $960 | $1,080 | $1,400 | $1,470 | −$50 (−4.4%) | 10% above |
| 62284 | $750 | $930 | $1,040 | $1,360 | $1,400 | +$100 (+10.6%) | 6% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.