What is the Fair Market Rent in Downers Grove Township, IL?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,710 to $2,670 a month across the 8 ZIP codes that cover Downers Grove Township.
By ZIP code: 60514 $1,710, 60561 $2,510, 60559 $2,230, 60516 $2,300, 60521 $2,670, 60527 $2,180, 60515 $2,340, 60517 $2,040.
Across the whole Chicago-Joliet-Naperville, IL HUD Metro FMR Area the two-bedroom figure is $2,011.
The Census Bureau’s median gross rent for a two-bedroom home in Downers Grove Township is $1,628 (±$53), below the Small Area figure for ZIP 60514.
Figures last updated on .
- 2 bedrooms, whole area
- $2,011
- 2 bedrooms, ZIP 60514
- $1,710
- 2 bedrooms, ZIP 60561
- $2,510
- 2 bedrooms, ZIP 60559
- $2,230
Fair Market Rents for Downers Grove Township, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms | Census median rent | |
|---|---|---|---|---|---|---|
| Chicago-Joliet-Naperville, IL HUD Metro FMR Area (whole area) | $1,678 | $1,780 | $2,011 | $2,586 | $2,954 | — |
| ZIP 60514 | $1,430 | $1,510 | $1,710 | $2,200 | $2,510 | $1,231 |
| ZIP 60561 | $2,090 | $2,220 | $2,510 | $3,230 | $3,690 | $1,853 |
| ZIP 60559 (91% of the ZIP’s land is in this place) | $1,860 | $1,970 | $2,230 | $2,870 | $3,280 | $1,596 |
| ZIP 60516 (87% of the ZIP’s land is in this place) | $1,920 | $2,040 | $2,300 | $2,960 | $3,380 | $1,676 |
| ZIP 60521 (79% of the ZIP’s land is in this place) | $2,230 | $2,360 | $2,670 | $3,430 | $3,920 | $1,955 |
| ZIP 60527 (79% of the ZIP’s land is in this place) | $1,820 | $1,930 | $2,180 | $2,800 | $3,200 | $1,602 |
| ZIP 60515 (42% of the ZIP’s land is in this place) | $1,950 | $2,070 | $2,340 | $3,010 | $3,440 | $1,661 |
| ZIP 60517 (30% of the ZIP’s land is in this place) | $1,700 | $1,810 | $2,040 | $2,620 | $3,000 | $1,472 |
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 Downers Grove Township
What is the Section 8 payment standard in Downers Grove Township?
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 Chicago-Joliet-Naperville, IL HUD Metro FMR Area is $2,011, and the Small Area figure for 60514 is $1,710.
What is the Fair Market Rent for a two-bedroom in ZIP 60514?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60514 is $1,710 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,231 (±$184).
What is the Fair Market Rent for a two-bedroom in ZIP 60561?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60561 is $2,510 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,853 (±$329).
What is the Fair Market Rent for a two-bedroom in ZIP 60559?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60559 is $2,230 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,596 (±$65).
What is the Fair Market Rent for a one-bedroom in Downers Grove Township?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60514 is $1,510 a month, against $1,780 across the Chicago-Joliet-Naperville, IL HUD Metro FMR Area.
Sources
- HUD Fair Market Rents, fiscal year 2027: Chicago-Joliet-Naperville, IL HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Chicago-Joliet-Naperville, IL HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
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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