What is the Fair Market Rent in Palatine Township, IL?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $2,130 to $3,020 a month across the 5 ZIP codes that cover Palatine Township.
By ZIP code: 60067 $2,130, 60074 $2,170, 60008 $2,160, 60195 $2,390, 60192 $3,020.
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 Palatine Township is $1,657 (±$57), below the Small Area figure for ZIP 60067.
Figures last updated on .
- 2 bedrooms, whole area
- $2,011
- 2 bedrooms, ZIP 60067
- $2,130
- 2 bedrooms, ZIP 60074
- $2,170
- 2 bedrooms, ZIP 60008
- $2,160
Fair Market Rents for Palatine 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 60067 | $1,780 | $1,890 | $2,130 | $2,740 | $3,130 | $1,609 |
| ZIP 60074 (94% of the ZIP’s land is in this place) | $1,810 | $1,920 | $2,170 | $2,790 | $3,190 | $1,486 |
| ZIP 60008 (66% of the ZIP’s land is in this place) | $1,800 | $1,910 | $2,160 | $2,780 | $3,170 | $1,599 |
| ZIP 60195 (43% of the ZIP’s land is in this place) | $1,990 | $2,120 | $2,390 | $3,070 | $3,510 | $1,778 |
| ZIP 60192 (32% of the ZIP’s land is in this place) | $2,520 | $2,670 | $3,020 | $3,880 | $4,440 | $3,050 |
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 Palatine Township
What is the Section 8 payment standard in Palatine 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 60067 is $2,130.
What is the Fair Market Rent for a two-bedroom in ZIP 60067?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60067 is $2,130 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,609 (±$84).
What is the Fair Market Rent for a two-bedroom in ZIP 60074?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60074 is $2,170 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,486 (±$85).
What is the Fair Market Rent for a two-bedroom in ZIP 60008?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60008 is $2,160 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,599 (±$130).
What is the Fair Market Rent for a one-bedroom in Palatine Township?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60067 is $1,890 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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