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FY2017 Hypothetical Small Area FMRs For Mercer 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.

Mercer County is part of the Davenport-Moline-Rock Island, IA-IL MSA.

Mercer County, IL Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
61231 $450 $550 $700 $920 $1,010 0.945
61260 $420 $510 $650 $850 $930 0.856
61262 $460 $560 $710 $930 $1,020 0.958
61263 $510 $630 $800 $1,050 $1,150 1.080
61264 $440 $530 $680 $890 $980 0.916
61272 $420 $510 $650 $850 $930 0.788
61276 $450 $550 $700 $920 $1,010 0.944
61279 $710 $870 $1,110 $1,460 $1,600 1.588
61281 $550 $670 $860 $1,130 $1,240 1.169
61412 $510 $620 $790 $1,040 $1,140 1.072
61442 $450 $550 $700 $920 $1,010 0.944
61465 $420 $510 $650 $850 $930 0.803
61466 $440 $540 $690 $910 $990 0.937
61472 $450 $550 $700 $920 $1,010 0.944
61476 $500 $610 $780 $1,020 $1,120 1.051
61486 $420 $510 $650 $850 $930 0.809

* 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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