HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Hancock County, Illinois (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Hancock County is $930 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$930
+1.5% from FY 2026
Payment standard
$837–$1,023
90% to 110% of the FMR, two-bedroom
Income to afford
$37,200
a year, with rent at 30% of income
Rank in Illinois
77th of 102
by two-bedroom FMR, highest first
FY 2027 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 2026 |
|---|---|---|---|---|---|
| Studio | $648 | $583–$713 | $25,920 | $12.46/hr | +2.5% |
| 1 bedroom | $772 | $695–$849 | $30,880 | $14.85/hr | -2.4% |
| 2 bedroom | $930 | $837–$1,023 | $37,200 | $17.88/hr | +1.5% |
| 3 bedroom | $1,116 | $1,004–$1,228 | $44,640 | $21.46/hr | +0.5% |
| 4 bedroom | $1,222 | $1,100–$1,344 | $48,880 | $23.50/hr | +0.7% |
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 | $1,405 | $1,265–$1,546 |
| 6 bedroom Estimate | $1,589 | $1,430–$1,748 |
| 7 bedroom Estimate | $1,772 | $1,595–$1,949 |
| 8 bedroom Estimate | $1,955 | $1,760–$2,151 |
Source: HUD Office of Policy Development and Research, FY 2027 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?
Search any address in Hancock for a rent estimate built from nearby comps, with the HUD figure right next to it.
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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 $837 and $1,023. 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.
$930 a month is affordable, by HUD's 30% rule, on an income of roughly $37,200 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%$837 | Voucher pays at 100%$930 | Voucher pays at 110%$1,023 |
|---|---|---|---|---|
| $2,500 | $750 | $87 | $180 | $273 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($916) to FY 2027 ($930). Since FY 2020 it's up 33% in total, about 4.2% a year. The Illinois median moved up 1% 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 2026 | $632 | $791 | $916 | $1,111 | $1,213 | +5.3% |
| FY 2027In effect | $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 2027 that's October 1, 2026 through September 30, 2027. In Hancock, that runs from $648 for a studio up to $1,222 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 77th for two-bedroom FMR. That's about 3% below the state median of $958 and about 13% below the national median county at $1,063. About 17,281 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 $930 in 62313 (Basco) 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 | $950 | +2.2% |
| 62311 | Augusta | $960 | +3.2% |
| 62313 | Basco | $930 | 0.0% |
| 62316 | Bowen | $960 | +3.2% |
| 62321 | Carthage | $930 | 0.0% |
| 62329 | Colusa | $930 | 0.0% |
| 62330 | Dallas City | $1,040 | +11.8% |
| 62334 | Elvaston | $950 | +2.2% |
| 62336 | Ferris | $930 | 0.0% |
| 62341 | Hamilton | $1,030 | +10.8% |
| 62354 | Nauvoo | $970 | +4.3% |
| 62358 | Niota | $1,020 | +9.7% |
| 62367 | Plymouth | $950 | +2.2% |
| 62373 | Sutter | $960 | +3.2% |
| 62379 | Warsaw | $960 | +3.2% |
| 62380 | West Point | $930 | 0.0% |
Nearby counties
Two-bedroom FMR, with how each compares to Hancock.
Adams County
27 mi · 64,754 people
$1,013
+9%
McDonough County
28 mi · 26,920 people
$930
same rate
Henderson County
29 mi · 6,193 people
$935
+1%
Schuyler County
36 mi · 6,787 people
$930
same rate
Brown County
38 mi · 6,322 people
$1,084
+17%
Warren County
43 mi · 16,447 people
$930
same rate
Fulton County
52 mi · 33,020 people
$930
same rate
Pike County
56 mi · 14,469 people
$930
same rate
Questions people ask
$930 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $648 for a studio, $772 for one bedroom, $1,116 for three and $1,222 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. Free to start, no card.
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