What is the Fair Market Rent in Hoffman, IL?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 62250, which covers Hoffman, is $960 a month.

Across the whole St. Louis, MO-IL HUD Metro FMR Area the two-bedroom figure is $1,349.

The Census Bureau’s median gross rent for a two-bedroom home in Hoffman is $675 (±$87), below the Small Area figure for ZIP 62250.

Figures last updated on .

2 bedrooms, whole area
$1,349
2 bedrooms, ZIP 62250
$960

Fair Market Rents for Hoffman, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
St. Louis, MO-IL HUD Metro FMR Area (whole area)$1,064$1,104$1,349$1,731$1,997—
ZIP 62250$760$790$960$1,230$1,420$675

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Hoffman

What is the Section 8 payment standard in Hoffman?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the St. Louis, MO-IL HUD Metro FMR Area is $1,349, and the Small Area figure for 62250 is $960.

What is the Fair Market Rent for a two-bedroom in ZIP 62250?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 62250 is $960 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $675 (±$95).

What is the Fair Market Rent for a one-bedroom in Hoffman?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 62250 is $790 a month, against $1,104 across the St. Louis, MO-IL HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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