FY2026 Fair Market Rents — Stephenson County, IL
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$694
1BR
$698
2BR
$916
3BR
$1,124
4BR
$1,342
Hours/week at min wage
47 hrs
to afford the 2BR FMR @ $15.00/hr (IL)
YoY change (2BR)
+5.3%
+$46 vs FY2025 · 5-yr +30.9%
Voucher payment standard
$824–$1,008
PHAs set HCV payment at 90–110% of the 2BR FMR
Stephenson County, IL
Non-Metropolitan area · IL · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $694 | $8,328 |
| 1-Bedroom | $698 | $8,376 |
| 2-Bedroom | $916 | $10,992 |
| 3-Bedroom | $1,124 | $13,488 |
| 4-Bedroom | $1,342 | $16,104 |
Recent 2-Bedroom FMR Trend
FY2020 $698 → FY2026 $916
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $694 | $698 | $916 | $1,124 | $1,342 |
| FY2025 | $597 | $663 | $870 | $1,056 | $1,225 |
| FY2024 | $552 | $620 | $814 | $997 | $1,136 |
| FY2023 | $522 | $588 | $774 | $985 | $1,165 |
| FY2022 | $501 | $559 | $735 | $948 | $1,174 |
| FY2021 | $485 | $547 | $700 | $926 | $1,182 |
| FY2020 | $471 | $545 | $698 | $915 | $1,165 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $86,300
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $18,850 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $31,400 | $35,900 | $40,400 | $44,850 | $48,450 | $52,050 |
| 80% AMI (Low) | $50,250 | $57,400 | $64,600 | $71,750 | $77,500 | $83,250 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$10,992/yr
FMR as % of Area Median Income
12.7% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$36,640/yr
$3,053/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $755 | $863 | $970 | $1,165 | $1,251 |
| 60% AMI Maximum | $906 | $1,035 | $1,165 | $1,398 | $1,501 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $694 | $698 | $916 | $1,124 | $1,342 |
| Low HOME Rent | $785 | $897 | $1,010 | $1,121 | $1,211 |
Compare Stephenson County, IL With Other IL Metros
vs. Bloomington, IL HUD Metro FMR Area
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vs. Champaign-Urbana, IL MSA