What is the Fair Market Rent in Elk Grove Township, IL?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $2,040 to $2,210 a month across the 4 ZIP codes that cover Elk Grove Township.
By ZIP code: 60007 $2,210, 60005 $2,200, 60056 $2,040, 60008 $2,160.
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 Elk Grove Township is $1,651 (±$48), below the Small Area figure for ZIP 60007.
Figures last updated on .
- 2 bedrooms, whole area
- $2,011
- 2 bedrooms, ZIP 60007
- $2,210
- 2 bedrooms, ZIP 60005
- $2,200
- 2 bedrooms, ZIP 60056
- $2,040
Fair Market Rents for Elk 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 60007 (81% of the ZIP’s land is in this place) | $1,840 | $1,960 | $2,210 | $2,840 | $3,250 | $1,615 |
| ZIP 60005 (50% of the ZIP’s land is in this place) | $1,840 | $1,950 | $2,200 | $2,830 | $3,230 | $1,650 |
| ZIP 60056 (47% of the ZIP’s land is in this place) | $1,700 | $1,810 | $2,040 | $2,620 | $3,000 | $1,505 |
| ZIP 60008 (32% of the ZIP’s land is in this place) | $1,800 | $1,910 | $2,160 | $2,780 | $3,170 | $1,599 |
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 Elk Grove Township
What is the Section 8 payment standard in Elk 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 60007 is $2,210.
What is the Fair Market Rent for a two-bedroom in ZIP 60007?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60007 is $2,210 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,615 (±$85).
What is the Fair Market Rent for a two-bedroom in ZIP 60005?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60005 is $2,200 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,650 (±$79).
What is the Fair Market Rent for a two-bedroom in ZIP 60056?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60056 is $2,040 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,505 (±$65).
What is the Fair Market Rent for a one-bedroom in Elk Grove Township?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60007 is $1,960 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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