What is the Fair Market Rent in Joliet Township, IL?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,770 to $1,880 a month across the 4 ZIP codes that cover Joliet Township.
By ZIP code: 60433 $1,820, 60432 $1,770, 60436 $1,860, 60435 $1,880.
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 Joliet Township is $1,322 (±$51), below the Small Area figure for ZIP 60433.
Figures last updated on .
- 2 bedrooms, whole area
- $2,011
- 2 bedrooms, ZIP 60433
- $1,820
- 2 bedrooms, ZIP 60432
- $1,770
- 2 bedrooms, ZIP 60436
- $1,860
Fair Market Rents for Joliet 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 60433 (79% of the ZIP’s land is in this place) | $1,520 | $1,610 | $1,820 | $2,340 | $2,670 | $1,357 |
| ZIP 60432 (65% of the ZIP’s land is in this place) | $1,480 | $1,570 | $1,770 | $2,280 | $2,600 | $1,253 |
| ZIP 60436 (64% of the ZIP’s land is in this place) | $1,550 | $1,650 | $1,860 | $2,390 | $2,730 | $1,306 |
| ZIP 60435 (55% of the ZIP’s land is in this place) | $1,570 | $1,660 | $1,880 | $2,420 | $2,760 | $1,168 |
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 Joliet Township
What is the Section 8 payment standard in Joliet 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 60433 is $1,820.
What is the Fair Market Rent for a two-bedroom in ZIP 60433?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60433 is $1,820 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,357 (±$64).
What is the Fair Market Rent for a two-bedroom in ZIP 60432?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60432 is $1,770 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,253 (±$83).
What is the Fair Market Rent for a two-bedroom in ZIP 60436?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60436 is $1,860 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,306 (±$118).
What is the Fair Market Rent for a one-bedroom in Joliet Township?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60433 is $1,610 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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