Illinois · FIPS 17025 · HUD FY 2027
Clay County, Illinois Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Clay County is $930 a month (rent plus utilities), 46% below the Illinois average of $1,724 and 47% below the U.S. average of $1,761. That is up $14 (1.5%) from FY 2026. At 30% of income, a household needs about $37,200 a year to afford it.
- $9302-bedroom FMR+$14 (+1.5%) vs FY 2026
- $7321-bedroom FMRIllinois: $1,489 · U.S.: $1,478
- $37,200Income for a 2-bedroom$18/hour full-time
- 62 of 1022BR rank in Illinois1 = highest rent
| Unit | Clay County FY 2027 | FY 2026 | Change | Illinois avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $648 | $632 | +$16 (+2.5%) | $1,401 | $1,379 | $25,920 |
| 1 bedroom | $732 | $707 | +$25 (+3.5%) | $1,489 | $1,478 | $29,280 |
| 2 bedrooms | $930 | $916 | +$14 (+1.5%) | $1,724 | $1,761 | $37,200 |
| 3 bedrooms | $1,174 | $1,167 | +$7 (+0.6%) | $2,220 | $2,266 | $46,960 |
| 4 bedrooms | $1,344 | $1,308 | +$36 (+2.8%) | $2,524 | $2,607 | $53,760 |
How Clay County compares
- Clay County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Illinois, 2-bedroom FMRs run from $930 (White County) to $2,341 (Kendall County).
- Studio to 4-bedroom: $648, $732, $930, $1,174, $1,344. 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 7 ZIP codes mostly in Clay County (by land area), the 2-bedroom figure ranges from $930 to $1,080.
Small Area FMRs by ZIP code in Clay County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 62426 | $740 | $770 | $930 | $1,220 | $1,410 | +$10 (+1.1%) | same |
| 62434 | $680 | $750 | $960 | $1,180 | $1,400 | no change | 3% above |
| 62824 | $650 | $730 | $930 | $1,170 | $1,390 | +$10 (+1.1%) | same |
| 62839 | $650 | $730 | $930 | $1,170 | $1,390 | +$10 (+1.1%) | same |
| 62858 | $750 | $850 | $1,080 | $1,360 | $1,560 | −$10 (−0.9%) | 16% above |
| 62879 | $650 | $730 | $930 | $1,170 | $1,370 | +$10 (+1.1%) | same |
| 62899 | $650 | $720 | $930 | $1,160 | $1,450 | +$10 (+1.1%) | same |
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.