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FY2017 Hypothetical Small Area FMRs For McLean County, IL

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

McLean County is part of the Bloomington, IL MSA.

McLean County, IL Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
60936 $560 $610 $810 $1,070 $1,310 1.008
61701 $520 $570 $750 $990 $1,220 0.930
61702 $560 $610 $810 $1,070 $1,310 1.008
61704 $610 $670 $890 $1,180 $1,440 1.113
61705 $590 $650 $860 $1,140 $1,390 1.064
61720 $550 $600 $800 $1,060 $1,300 0.992
61722 $570 $630 $830 $1,100 $1,350 1.029
61723 $490 $540 $710 $940 $1,150 0.885
61724 $450 $490 $650 $860 $1,050 0.629
61725 $490 $550 $720 $940 $1,130 0.909
61726 $580 $630 $840 $1,110 $1,360 1.040
61728 $520 $570 $750 $990 $1,220 0.929
61729 $560 $610 $810 $1,070 $1,310 1.008
61730 $610 $660 $880 $1,170 $1,430 1.091
61731 $490 $560 $720 $930 $1,180 0.888
61732 $590 $650 $860 $1,140 $1,390 1.068
61736 $640 $700 $930 $1,230 $1,510 1.158
61737 $480 $520 $690 $910 $1,120 0.861
61738 $530 $610 $780 $990 $1,140 1.006
61739 $560 $610 $810 $1,070 $1,310 1.008
61744 $520 $570 $760 $1,010 $1,230 0.940
61745 $590 $640 $850 $1,130 $1,380 1.063
61748 $560 $610 $810 $1,070 $1,310 1.008
61752 $480 $530 $700 $930 $1,140 0.872
61753 $460 $510 $670 $890 $1,090 0.838
61754 $580 $630 $840 $1,110 $1,360 1.049
61755 $560 $610 $810 $1,070 $1,310 1.008
61761 $570 $630 $830 $1,100 $1,350 1.027
61770 $510 $560 $740 $980 $1,200 0.925
61772 $560 $610 $810 $1,070 $1,310 1.008
61774 $490 $540 $710 $940 $1,150 0.885
61776 $490 $540 $710 $940 $1,150 0.887
61842 $540 $600 $790 $1,050 $1,280 0.984
61843 $450 $560 $690 $870 $1,150 0.830

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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