Woodford County, IL: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,2122-bedroom FMR, FY2027

$9611-bedroom FMR, FY2027

$84,90080% income limit, family of 4 (FY2026)

$106,100Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Woodford County is $1,212 a month, up 16.7% from $1,039 in FY2026. Woodford County belongs to the Peoria, IL MSA FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Woodford County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$915	$758	+20.7%	$824 – $1,006
1 bedroom	$961	$818	+17.5%	$865 – $1,057
2 bedrooms	$1,212	$1,039	+16.7%	$1,091 – $1,333
3 bedrooms	$1,557	$1,346	+15.7%	$1,402 – $1,712
4 bedrooms	$1,710	$1,449	+18.0%	$1,539 – $1,881

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Woodford County that is typically $1,091 to $1,333 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$36,875median income of renter households

$912Median gross rent, all units

30%Rent-to-income ratio (median rent ÷ median renter income)

44%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $36,875 can afford about $922 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,212 is $290 (31.5%) more than that. To rent a two-bedroom at the FMR, a household needs $48,480 a year under the 30% rule, or $43,632 under the common landlord rule that income must be three times the rent.

Woodford County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$912 ±$86
Median income of renter households	$36,875 ±$17,054
Renters paying 30% or more of income (cost-burdened)	44.2% ±9.7
Renters paying 50% or more (severely cost-burdened)	18.8% ±7.5
Renter households (where the share can be computed)	1,886

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$758	$912	+20.3%
Median renter household income	$38,263	$36,875	−3.6%
Renters paying 30%+ of income	45.0%	44.2%	−0.8 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $940 to $1,790 depending on the ZIP code.

All 98 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
61314	$720	$790	$1,030	$1,280	$1,420
61321	$700	$740	$980	$1,300	$1,540
61334	$730	$820	$1,040	$1,350	$1,680
61336	$700	$820	$980	$1,300	$1,540
61345	$690	$740	$940	$1,220	$1,310
61358	$770	$820	$1,040	$1,350	$1,540
61369	$800	$840	$1,060	$1,360	$1,500
61375	$780	$820	$1,030	$1,320	$1,450
61377	$760	$800	$1,010	$1,300	$1,540
61421	$810	$860	$1,080	$1,390	$1,530
61424	$700	$740	$940	$1,220	$1,310
61426	$760	$800	$1,010	$1,290	$1,420
61434	$740	$840	$1,030	$1,350	$1,640
61443	$740	$840	$1,030	$1,350	$1,640
61449	$700	$750	$940	$1,230	$1,400
61451	$790	$820	$1,040	$1,340	$1,450
61479	$730	$770	$970	$1,240	$1,370
61483	$720	$760	$960	$1,230	$1,350
61489	$700	$740	$940	$1,220	$1,310
61491	$700	$740	$940	$1,220	$1,310
61516	$910	$960	$1,210	$1,550	$1,710
61517	$880	$920	$1,160	$1,490	$1,640
61520	$690	$740	$940	$1,290	$1,310
61523	$910	$960	$1,210	$1,550	$1,710
61525	$1,220	$1,280	$1,620	$2,080	$2,290
61526	$980	$1,030	$1,290	$1,660	$1,830
61528	$1,020	$1,070	$1,350	$1,740	$1,910
61529	$730	$770	$970	$1,250	$1,370
61530	$780	$820	$1,030	$1,320	$1,450
61531	$700	$780	$1,000	$1,390	$1,400
61533	$760	$800	$1,010	$1,300	$1,420
61534	$820	$860	$1,080	$1,390	$1,520
61535	$900	$940	$1,190	$1,530	$1,680
61536	$940	$980	$1,240	$1,590	$1,750
61537	$700	$740	$940	$1,220	$1,310
61539	$720	$770	$980	$1,280	$1,430
61540	$830	$870	$1,100	$1,410	$1,550
61541	$1,000	$1,050	$1,330	$1,710	$1,880
61545	$940	$990	$1,250	$1,600	$1,760
61546	$690	$740	$940	$1,250	$1,450
61547	$940	$990	$1,250	$1,610	$1,770
61548	$1,070	$1,130	$1,420	$1,820	$2,000
61550	$1,000	$1,050	$1,330	$1,710	$1,880
61552	$970	$1,020	$1,290	$1,660	$1,820
61554	$840	$880	$1,110	$1,430	$1,570
61555	$880	$920	$1,160	$1,490	$1,640
61559	$970	$1,020	$1,280	$1,640	$1,810
61560	$690	$770	$940	$1,220	$1,400
61561	$1,020	$1,070	$1,350	$1,730	$1,900
61562	$910	$960	$1,210	$1,550	$1,710
61564	$760	$800	$1,010	$1,300	$1,420
61565	$700	$740	$940	$1,220	$1,310
61568	$930	$980	$1,230	$1,580	$1,730
61569	$830	$880	$1,110	$1,420	$1,560
61570	$830	$870	$1,100	$1,410	$1,550
61571	$970	$1,020	$1,280	$1,640	$1,810
61601	$940	$990	$1,250	$1,610	$1,760
61602	$1,020	$1,070	$1,350	$1,730	$1,900
61603	$980	$1,030	$1,300	$1,670	$1,830
61604	$920	$970	$1,220	$1,570	$1,720
61605	$870	$910	$1,150	$1,480	$1,620
61606	$900	$940	$1,190	$1,530	$1,680
61607	$1,000	$1,050	$1,330	$1,710	$1,880
61610	$780	$820	$1,030	$1,320	$1,450
61611	$880	$930	$1,170	$1,500	$1,650
61612	$940	$990	$1,250	$1,610	$1,760
61613	$940	$990	$1,250	$1,610	$1,760
61614	$910	$950	$1,200	$1,540	$1,690
61615	$1,050	$1,100	$1,390	$1,790	$1,960
61616	$880	$920	$1,160	$1,490	$1,640
61625	$900	$940	$1,190	$1,530	$1,680
61630	$940	$990	$1,250	$1,610	$1,760
61636	$940	$990	$1,250	$1,610	$1,760
61651	$940	$990	$1,250	$1,610	$1,760
61652	$940	$990	$1,250	$1,610	$1,760
61653	$940	$990	$1,250	$1,610	$1,760
61654	$940	$990	$1,250	$1,610	$1,760
61655	$940	$990	$1,250	$1,610	$1,760
61656	$940	$990	$1,250	$1,610	$1,760
61721	$1,350	$1,420	$1,790	$2,300	$2,520
61725	$1,230	$1,300	$1,660	$2,160	$2,260
61729	$950	$1,000	$1,260	$1,620	$1,780
61732	$1,110	$1,170	$1,510	$1,980	$1,990
61733	$1,090	$1,140	$1,440	$1,850	$2,030
61734	$840	$880	$1,110	$1,430	$1,570
61738	$930	$970	$1,230	$1,580	$1,730
61740	$690	$740	$940	$1,220	$1,310
61742	$1,070	$1,130	$1,420	$1,820	$2,000
61744	$840	$900	$1,180	$1,550	$1,560
61747	$840	$880	$1,110	$1,430	$1,570
61748	$840	$900	$1,180	$1,550	$1,560
61755	$890	$940	$1,180	$1,550	$1,660
61759	$840	$900	$1,180	$1,550	$1,560
61760	$970	$1,020	$1,290	$1,660	$1,820
61771	$810	$850	$1,070	$1,370	$1,510
61774	$1,150	$1,210	$1,570	$2,060	$2,060
62635	$740	$830	$1,050	$1,270	$1,400
62682	$770	$850	$1,100	$1,430	$1,670

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Woodford County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $106,100 (FY2025: $97,600, +8.7%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$22,300 +8.5%	$25,500 +8.7%	$28,700 +7.7%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$37,150 +8.6%	$42,450 +8.7%	$47,750 +8.6%	$53,050 +8.7%	$57,300 +8.6%	$61,550 +8.6%	$65,800 +8.7%	$70,050 +8.7%
Low income (80%)	$59,450 +8.7%	$67,950 +8.7%	$76,450 +8.7%	$84,900 +8.7%	$91,700 +8.7%	$98,500 +8.7%	$105,300 +8.7%	$112,100 +8.7%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.