Illinois · FIPS 17185 · HUD FY 2027
Wabash County, Illinois Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Wabash County is $992 a month (rent plus utilities), 42% below the Illinois average of $1,724 and 44% below the U.S. average of $1,761. That is up $76 (8.3%) from FY 2026. At 30% of income, a household needs about $39,680 a year to afford it.
- $9922-bedroom FMR+$76 (+8.3%) vs FY 2026
- $7581-bedroom FMRIllinois: $1,489 · U.S.: $1,478
- $39,680Income for a 2-bedroom$19/hour full-time
- 45 of 1022BR rank in Illinois1 = highest rent
| Unit | Wabash County FY 2027 | FY 2026 | Change | Illinois avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $691 | $632 | +$59 (+9.3%) | $1,401 | $1,379 | $27,640 |
| 1 bedroom | $758 | $698 | +$60 (+8.6%) | $1,489 | $1,478 | $30,320 |
| 2 bedrooms | $992 | $916 | +$76 (+8.3%) | $1,724 | $1,761 | $39,680 |
| 3 bedrooms | $1,374 | $1,274 | +$100 (+7.8%) | $2,220 | $2,266 | $54,960 |
| 4 bedrooms | $1,433 | $1,308 | +$125 (+9.6%) | $2,524 | $2,607 | $57,320 |
How Wabash County compares
- Wabash County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Illinois, 2-bedroom FMRs run from $930 (White County) to $2,341 (Kendall County).
- Studio to 4-bedroom: $691, $758, $992, $1,374, $1,433. 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 4 ZIP codes mostly in Wabash County (by land area), the 2-bedroom figure ranges from $930 to $990.
Small Area FMRs by ZIP code in Wabash County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 62410 | $650 | $710 | $930 | $1,290 | $1,340 | +$10 (+1.1%) | 6% below |
| 62811 | $690 | $760 | $990 | $1,370 | $1,430 | +$50 (+5.3%) | about the same as |
| 62852 | $690 | $760 | $990 | $1,370 | $1,430 | +$70 (+7.6%) | about the same as |
| 62863 | $690 | $760 | $990 | $1,370 | $1,430 | +$70 (+7.6%) | about the same as |
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.