Illinois · FIPS 17203 · HUD FY 2027
Woodford County, Illinois Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Woodford County is $1,212 a month (rent plus utilities), 30% below the Illinois average of $1,724 and 31% below the U.S. average of $1,761. That is up $173 (16.7%) from FY 2026. At 30% of income, a household needs about $48,480 a year to afford it.
- $1,2122-bedroom FMR+$173 (+16.7%) vs FY 2026
- $9611-bedroom FMRIllinois: $1,489 · U.S.: $1,478
- $48,480Income for a 2-bedroom$23/hour full-time
- 20 of 1022BR rank in Illinois1 = highest rent
| Unit | Woodford County FY 2027 | FY 2026 | Change | Illinois avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $915 | $758 | +$157 (+20.7%) | $1,401 | $1,379 | $36,600 |
| 1 bedroom | $961 | $818 | +$143 (+17.5%) | $1,489 | $1,478 | $38,440 |
| 2 bedrooms | $1,212 | $1,039 | +$173 (+16.7%) | $1,724 | $1,761 | $48,480 |
| 3 bedrooms | $1,557 | $1,346 | +$211 (+15.7%) | $2,220 | $2,266 | $62,280 |
| 4 bedrooms | $1,710 | $1,449 | +$261 (+18.0%) | $2,524 | $2,607 | $68,400 |
How Woodford County compares
- HUD sets this rent for the Peoria, IL metro FMR area, which covers 365,202 residents in 5 counties.
- Across Illinois, 2-bedroom FMRs run from $930 (White County) to $2,341 (Kendall County).
- Studio to 4-bedroom: $915, $961, $1,212, $1,557, $1,710. 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 12 ZIP codes mostly in Woodford County (by land area), the 2-bedroom figure ranges from $1,030 to $1,660.
Small Area FMRs by ZIP code in Woodford County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 61516 | $910 | $960 | $1,210 | $1,550 | $1,710 | +$150 (+14.2%) | about the same as |
| 61530 | $780 | $820 | $1,030 | $1,320 | $1,450 | +$60 (+6.2%) | 15% below |
| 61545 | $940 | $990 | $1,250 | $1,600 | $1,760 | +$150 (+13.6%) | 3% above |
| 61548 | $1,070 | $1,130 | $1,420 | $1,820 | $2,000 | +$180 (+14.5%) | 17% above |
| 61561 | $1,020 | $1,070 | $1,350 | $1,730 | $1,900 | +$230 (+20.5%) | 11% above |
| 61570 | $830 | $870 | $1,100 | $1,410 | $1,550 | +$120 (+12.2%) | 9% below |
| 61725 | $1,230 | $1,300 | $1,660 | $2,160 | $2,260 | +$440 (+36.1%) | 37% above |
| 61729 | $950 | $1,000 | $1,260 | $1,620 | $1,780 | +$200 (+18.9%) | 4% above |
| 61738 | $930 | $970 | $1,230 | $1,580 | $1,730 | +$190 (+18.3%) | 1% above |
| 61742 | $1,070 | $1,130 | $1,420 | $1,820 | $2,000 | +$220 (+18.3%) | 17% above |
| 61760 | $970 | $1,020 | $1,290 | $1,660 | $1,820 | +$180 (+16.2%) | 6% above |
| 61771 | $810 | $850 | $1,070 | $1,370 | $1,510 | +$10 (+0.9%) | 12% below |
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.