HUD Fair Market Rent · FY 2026 · Effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Woodford County, Illinois (FY 2026)
A two-bedroom in Woodford County carries a FY 2026 Fair Market Rent of $1,039 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Woodford keys off that figure.
Two-bedroom FMR
$1,039
+3.6% from FY 2025
Payment standard
$935–$1,143
90% to 110% of the FMR, two-bedroom
Income to afford
$41,560
a year, with rent at 30% of income
Rank in Illinois
37th of 102
by two-bedroom FMR, highest first
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Woodford moves to $1,212. That's up 17%. 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 | $758 | $682–$834 | $30,320 | $14.58/hr | +5.6% |
| 1 bedroom | $818 | $736–$900 | $32,720 | $15.73/hr | +3.5% |
| 2 bedroom | $1,039 | $935–$1,143 | $41,560 | $19.98/hr | +3.6% |
| 3 bedroom | $1,346 | $1,211–$1,481 | $53,840 | $25.88/hr | +3.5% |
| 4 bedroom | $1,449 | $1,304–$1,594 | $57,960 | $27.87/hr | +6.2% |
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 | $1,666 | $1,499–$1,833 |
| 6 bedroom Estimate | $1,884 | $1,696–$2,072 |
| 7 bedroom Estimate | $2,101 | $1,891–$2,311 |
| 8 bedroom Estimate | $2,318 | $2,086–$2,550 |
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 Woodford actually rent for?
Search any address in Woodford 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 Woodford somewhere between $935 and $1,143. 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.
$1,039 a month is affordable, by HUD's 30% rule, on an income of roughly $41,560 a year. Put another way, $20 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%$935 | Voucher pays at 100%$1,039 | Voucher pays at 110%$1,143 |
|---|---|---|---|---|
| $2,500 | $750 | $185 | $289 | $393 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2025 ($1,003) to FY 2026 ($1,039). Since FY 2020 it's up 35% in total, about 5.1% 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 | $564 | $606 | $772 | $998 | $1,082 | — |
| FY 2021 | $631 | $675 | $858 | $1,108 | $1,181 | +11.1% |
| FY 2022 | $592 | $641 | $815 | $1,059 | $1,106 | -5.0% |
| FY 2023 | $639 | $707 | $896 | $1,164 | $1,211 | +9.9% |
| FY 2024 | $683 | $756 | $965 | $1,258 | $1,293 | +7.7% |
| FY 2025 | $718 | $790 | $1,003 | $1,300 | $1,364 | +3.9% |
| FY 2026In effect | $758 | $818 | $1,039 | $1,346 | $1,449 | +3.6% |
| FY 2027From Oct 1, 2026 | $915 | $961 | $1,212 | $1,557 | $1,710 | +16.7% |
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 Woodford, that runs from $758 for a studio up to $1,449 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Woodford in with 4 other counties in the Peoria metro, Peoria County, Tazewell County, Marshall County among them, and every one of them gets $1,039 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Illinois's 102 counties, Woodford ranks 37th for two-bedroom FMR. That's about 9% above the state median of $953 and about 2% above the national median county at $1,018. About 38,414 people live here, 34th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $970 in 61530 (Eureka) and $1,240 in 61548 (Metamora), with the 10 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.
Counties sharing the Peoria metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,039 two-bedroom figure as Woodford.
Nearby counties
Two-bedroom FMR, with how each compares to Woodford.
Marshall County
19 mi · 11,740 people
$1,039
same rate
Tazewell County
22 mi · 131,276 people
$1,039
same rate
Peoria County
24 mi · 181,186 people
$1,039
same rate
McLean County
25 mi · 171,284 people
$1,302
+25%
Putnam County
31 mi · 5,628 people
$937
-10%
Livingston County
36 mi · 35,771 people
$1,018
-2%
Stark County
36 mi · 5,395 people
$1,039
same rate
La Salle County
41 mi · 109,495 people
$1,079
+4%
Questions people ask
$1,039 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $758 for a studio, $818 for one bedroom, $1,346 for three and $1,449 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 Woodford actually go for?
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