What is the Fair Market Rent in Richmond Township, IL?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,450 to $1,660 a month across the 3 ZIP codes that cover Richmond Township.
By ZIP code: 60071 $1,650, 60072 $1,450, 60081 $1,660.
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 Richmond Township is $1,661 (±$135), within its margin of the Small Area figure for ZIP 60071.
Figures last updated on .
- 2 bedrooms, whole area
- $2,011
- 2 bedrooms, ZIP 60071
- $1,650
- 2 bedrooms, ZIP 60072
- $1,450
- 2 bedrooms, ZIP 60081
- $1,660
Fair Market Rents for Richmond 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 60071 (91% of the ZIP’s land is in this place) | $1,380 | $1,460 | $1,650 | $2,120 | $2,420 | $1,242 |
| ZIP 60072 (34% of the ZIP’s land is in this place) | $1,210 | $1,280 | $1,450 | $1,860 | $2,130 | $1,025 |
| ZIP 60081 (28% of the ZIP’s land is in this place) | $1,390 | $1,470 | $1,660 | $2,130 | $2,440 | $1,201 |
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 Richmond Township
What is the Section 8 payment standard in Richmond 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 60071 is $1,650.
What is the Fair Market Rent for a two-bedroom in ZIP 60071?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60071 is $1,650 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,242 (±$104).
What is the Fair Market Rent for a two-bedroom in ZIP 60072?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60072 is $1,450 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,025 (±$374).
What is the Fair Market Rent for a two-bedroom in ZIP 60081?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60081 is $1,660 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,201 (±$207).
What is the Fair Market Rent for a one-bedroom in Richmond Township?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60071 is $1,460 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 .
Related
- Housing in Richmond Township at a glance
- Median rent in Richmond Township
- Rent by bedrooms in Richmond Township
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- Renters and owners in Richmond Township
- Income and affordability in Richmond Township
- Home values in Richmond Township
- Homeowner costs in Richmond Township
- Property taxes in Richmond Township
- Types of homes in Richmond Township
- Bedrooms in Richmond Township
- Age of homes in Richmond Township
- Heating fuel in Richmond Township
- Commute and cars in Richmond Township
- Population growth in Richmond Township
- How long people stay in Richmond Township
- Crowding and facilities in Richmond Township
- Illinois landlord and tenant rules
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- Housing data for every place in Illinois