Wabash County fair market rent FY 2027Illinois, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Wabash County, Illinois is $992 a month, effective October 1, 2026: $691 for a studio, $758 for one bedroom, $1,374 for three and $1,433 for four. The FY 2026 two-bedroom FMR was $916 (+8.3%).
Wabash County Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $691 | $632 | +9.3% | $621 to $760 |
| 1 bedroom | $758 | $698 | +8.6% | $682 to $833 |
| 2 bedrooms | $992 | $916 | +8.3% | $892 to $1,091 |
| 3 bedrooms | $1,374 | $1,274 | +7.8% | $1,236 to $1,511 |
| 4 bedrooms | $1,433 | $1,308 | +9.6% | $1,289 to $1,576 |
Monthly gross rent (rent plus tenant-paid utilities except telephone). FY 2027 runs October 1, 2026 to September 30, 2027. The payment standard basic range is 90 to 110 percent of the FMR (24 CFR 982.503(c)); the local housing agency sets the actual payment standard.
How Wabash County compares
Wabash County's two-bedroom FMR of $992 is the 45th highest of 102 counties in Illinois, where the county median is $958 and the range $930 to $2,341. Across all 3,144 US counties the median two-bedroom FMR is $1,071; Wabash County ranks 2473rd.
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Wabash County, IL it lists 7 ZIP codes, with two-bedroom Small Area FMRs from $930 to $990. This area is not one of HUD's designated Small Area FMR areas, so agencies use the area-wide FMR above unless they opt in.
Look up any ZIP code: fair market rent by ZIP code.
Fair market rents in nearby counties
All Illinois counties · Fair market rents in every state
More for Wabash County
- Wabash County loan limitsThis year's FHFA conforming, FHA and VA county loan limits for 1 to 4 unit homes, from FHFA's and HUD's official files.
- Wabash County property tax rateEffective property tax rate from Census survey data: median taxes paid against median home value, ranked in the state.
- Title insurance premium calculatorOwner's and lender's policy premiums from the official rate schedules of Texas, Florida, Pennsylvania and New York.
- Seller net sheet and closing costsNet proceeds after the payoff, commission, transfer taxes, title premiums and recording fees.
- Real estate transfer tax calculatorDeed transfer taxes for New York, Florida, Pennsylvania, Illinois, the Carolinas, Arkansas, Texas and Arizona.
- Flood zone lookupThe FEMA flood zone mapped at any US address. A screening check, not an official flood zone determination.
Check a Wabash County property
HeritageDeed does not search title records in Wabash County yet; the counties it covers are listed under title search coverage, where a title report is $49 per report. For any US address, the Environmental Records Report lists Superfund, hazardous waste, leaking tank and brownfield sites nearby, with the flood zone.
Questions about Wabash County fair market rent
What is the fair market rent in Wabash County for FY 2027?
$691 for a studio, $758 for one bedroom, $992 for two, $1,374 for three and $1,433 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Wabash County for FY 2026?
$632 for a studio, $698 for one bedroom, $916 for two, $1,274 for three and $1,308 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Wabash County?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $892 to $1,091 for two bedrooms here. The voucher then pays the lower of the payment standard or the gross rent, minus the family's total tenant payment, usually 30 percent of adjusted monthly income (24 CFR 982.505 and 5.628). The local housing agency publishes its own schedule.
Does fair market rent include utilities?
Yes. HUD's rule defines Fair Market Rents as "estimates of rent plus the cost of utilities, except telephone", set at the 40th percentile of rents for standard-quality units rented by recent movers (24 CFR 888.113).
Is Wabash County's fair market rent high for Illinois?
$992 for two bedrooms ranks 45th of 102 counties in Illinois; the state's county median is $958 (range $930 to $2,341) and the national county median is $1,071.
Legal references
- 24 CFR 888.113, Fair market rents for existing housing: methodology
- 24 CFR 982.503, Voucher tenancy: payment standard amount and schedule
- 24 CFR 982.505, How to calculate housing assistance payment
JSON: /api/data/fair-market-rent/illinois/wabash-county. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.