HUD Fair Market Rent · FY 2026 · Effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Hancock County, Illinois (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Hancock County is $916 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$916
+5.3% from FY 2025
Payment standard
$824–$1,008
90% to 110% of the FMR, two-bedroom
Income to afford
$36,640
a year, with rent at 30% of income
Rank in Illinois
75th of 102
by two-bedroom FMR, highest first
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Hancock moves to $930. That's up 2%. The full FY 2027 table is in the history section below.
FY 2026 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $632 | $569–$695 | $25,280 | $12.15/hr | +5.9% |
| 1 bedroom | $791 | $712–$870 | $31,640 | $15.21/hr | +7.0% |
| 2 bedroom | $916 | $824–$1,008 | $36,640 | $17.62/hr | +5.3% |
| 3 bedroom | $1,111 | $1,000–$1,222 | $44,440 | $21.37/hr | +1.6% |
| 4 bedroom | $1,213 | $1,092–$1,334 | $48,520 | $23.33/hr | +5.2% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,395 | $1,256–$1,535 |
| 6 bedroom Estimate | $1,577 | $1,419–$1,735 |
| 7 bedroom Estimate | $1,759 | $1,583–$1,935 |
| 8 bedroom Estimate | $1,941 | $1,747–$2,135 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Hancock actually rent for?
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Hancock somewhere between $824 and $1,008. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$916 a month is affordable, by HUD's 30% rule, on an income of roughly $36,640 a year. Put another way, $18 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$824 | Voucher pays at 100%$916 | Voucher pays at 110%$1,008 |
|---|---|---|---|---|
| $2,500 | $750 | $74 | $166 | $258 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 5% from FY 2025 ($870) to FY 2026 ($916). Since FY 2020 it's up 31% in total, about 4.6% a year. The Illinois median moved up 6% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $474 | $542 | $698 | $958 | $1,075 | — |
| FY 2021 | $476 | $558 | $700 | $966 | $1,114 | +0.3% |
| FY 2022 | $503 | $596 | $735 | $1,003 | $1,191 | +5.0% |
| FY 2023 | $531 | $644 | $774 | $1,032 | $1,189 | +5.3% |
| FY 2024 | $553 | $680 | $807 | $1,043 | $1,145 | +4.3% |
| FY 2025 | $597 | $739 | $870 | $1,094 | $1,153 | +7.8% |
| FY 2026In effect | $632 | $791 | $916 | $1,111 | $1,213 | +5.3% |
| FY 2027From Oct 1, 2026 | $648 | $772 | $930 | $1,116 | $1,222 | +1.5% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Hancock, that runs from $632 for a studio up to $1,213 for four bedrooms, all five rates in the table above.
Because Hancock sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, La Harpe included.
Among Illinois's 102 counties, Hancock ranks 75th for two-bedroom FMR. That's about 4% below the state median of $953 and about 10% below the national median county at $1,018. About 17,582 people live here, 60th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $920 in 61450 (La Harpe) and $1,040 in 62330 (Dallas City), with the 16 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 61450 | La Harpe | $920 | +0.4% |
| 62311 | Augusta | $920 | +0.4% |
| 62313 | Basco | $920 | +0.4% |
| 62316 | Bowen | $920 | +0.4% |
| 62321 | Carthage | $920 | +0.4% |
| 62329 | Colusa | $920 | +0.4% |
| 62330 | Dallas City | $1,040 | +13.5% |
| 62334 | Elvaston | $940 | +2.6% |
| 62336 | Ferris | $920 | +0.4% |
| 62341 | Hamilton | $990 | +8.1% |
| 62354 | Nauvoo | $1,000 | +9.2% |
| 62358 | Niota | $1,040 | +13.5% |
| 62367 | Plymouth | $920 | +0.4% |
| 62373 | Sutter | $1,000 | +9.2% |
| 62379 | Warsaw | $920 | +0.4% |
| 62380 | West Point | $960 | +4.8% |
Nearby counties
Two-bedroom FMR, with how each compares to Hancock.
Adams County
27 mi · 65,583 people
$1,064
+16%
McDonough County
28 mi · 27,370 people
$951
+4%
Henderson County
29 mi · 6,374 people
$916
same rate
Schuyler County
36 mi · 6,879 people
$916
same rate
Brown County
38 mi · 6,334 people
$1,063
+16%
Warren County
43 mi · 16,760 people
$916
same rate
Fulton County
52 mi · 33,691 people
$916
same rate
Pike County
56 mi · 14,776 people
$916
same rate
Questions people ask
$916 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $632 for a studio, $791 for one bedroom, $1,111 for three and $1,213 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Hancock actually go for?
HUD's number is one input. Search any address in Hancock for a rent estimate built from nearby comps. 3 free searches, no card.
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