Mercer County, IL

2024 Fair Market Rents

Tags: 2024 Davenport-Moline-Rock Island, IA-IL MSA

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The top four largest cities in Mercer County are Milan, Aledo, Sherrard, and Viola. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Mercer County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Mercer County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Mercer County compare?

Mercer County ($953) has a 0.5% lower FMR for 2-Bedroom housing than the average of Illinois ($958) and therefore has a lower gross rent.

Mercer County is rank 27th out of 102 counties. This means the FMRs, or in other words, the gross rent is higher than 75 other counties. Mercer County is the 27th most expensive county in terms of FMRs.

Rent Tables Mercer County, IL

Fair Market Rent (40th Percentile)

$646
studio
$773
1-Bedroom
$953
2-Bedroom
$1,247
3-Bedroom
$1,437
4-Bedroom

Median Rent (50th Percentile)

$688
studio
$823
1-Bedroom
$1,015
2-Bedroom
$1,328
3-Bedroom
$1,530
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
61231 $0 $720 $890 $1,160 $1,340
61259 $0 $970 $1,200 $1,570 $1,810
61260 $0 $700 $860 $1,130 $1,300
61263 $0 $720 $890 $1,160 $1,340
61264 $0 $820 $1,010 $1,320 $1,520
61272 $0 $700 $860 $1,130 $1,300
61276 $0 $740 $910 $1,200 $1,380
61279 $0 $920 $1,130 $1,480 $1,700
61281 $0 $730 $900 $1,180 $1,360
61442 $0 $700 $860 $1,130 $1,300
61466 $0 $700 $860 $1,130 $1,300
61476 $0 $710 $880 $1,150 $1,320
61486 $0 $700 $860 $1,130 $1,300
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
61231 $540 $648 $801 $1,044 $1,206
61259 $729 $873 $1,080 $1,413 $1,629
61260 $522 $630 $774 $1,017 $1,170
61263 $540 $648 $801 $1,044 $1,206
61264 $612 $738 $909 $1,188 $1,368
61272 $522 $630 $774 $1,017 $1,170
61276 $558 $666 $819 $1,080 $1,242
61279 $693 $828 $1,017 $1,332 $1,530
61281 $549 $657 $810 $1,062 $1,224
61442 $522 $630 $774 $1,017 $1,170
61466 $522 $630 $774 $1,017 $1,170
61476 $531 $639 $792 $1,035 $1,188
61486 $522 $630 $774 $1,017 $1,170
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
61231 $660 $792 $979 $1,276 $1,474
61259 $891 $1,067 $1,320 $1,727 $1,991
61260 $638 $770 $946 $1,243 $1,430
61263 $660 $792 $979 $1,276 $1,474
61264 $748 $902 $1,111 $1,452 $1,672
61272 $638 $770 $946 $1,243 $1,430
61276 $682 $814 $1,001 $1,320 $1,518
61279 $847 $1,012 $1,243 $1,628 $1,870
61281 $671 $803 $990 $1,298 $1,496
61442 $638 $770 $946 $1,243 $1,430
61466 $638 $770 $946 $1,243 $1,430
61476 $649 $781 $968 $1,265 $1,452
61486 $638 $770 $946 $1,243 $1,430

Fair Market Rents on this page apply to the following cities in Mercer County, Illinois: Milan, Aledo, Sherrard, Viola, New Boston, Illinois City, Reynolds, Joy, Keithsburg, Matherville, Preemption, North Henderson, and Seaton.

These Fair Market Rents also apply to the following ZIP codes in Mercer County, Illinois: 61264, 61231, 61281, 61486, 61272, 61259, 61279, 61260, 61442, 61263, 61276, 61466, and 61476.

Mercer County, IL is considered part of the following metro FMR area: DAVENPORT-MOLINE-ROCK ISLAND, IA-IL MSA.

Other counties in the same metro FMR area are: Henry County, IL, and Rock Island County, IL.

More on Mercer County, IL

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.