Section 8 Fair Market Rent (FMR) for ZIP 61656 - 2027

Name: Section 8 Fair Market Rent Data for 61656
Creator: U.S. Department of Housing and Urban Development (HUD)
License: https://creativecommons.org/publicdomain/zero/1.0/

Location: Peoria, IL | Metro: Peoria, IL MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$940
1 Bedroom	$990
2 Bedrooms	$1,250
3 Bedrooms	$1,610
4 Bedrooms	$1,760
5 Bedrooms	$2,042
6 Bedrooms	$2,287
7 Bedrooms	$2,470
8 Bedrooms	$2,594

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.