What is the Fair Market Rent in Richton Park, IL?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60471, which covers Richton Park, is $1,880 a month.
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 Richton Park is $1,484 (±$232), below the Small Area figure for ZIP 60471.
Figures last updated on .
- 2 bedrooms, whole area
- $2,011
- 2 bedrooms, ZIP 60471
- $1,880
Fair Market Rents for Richton Park, 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 60471 (85% of the ZIP’s land is in this place) | $1,570 | $1,660 | $1,880 | $2,420 | $2,760 | $1,307 |
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.
What you can do on Seayora in Richton Park
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Richton Park beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Richton Park, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Richton Park, and send estimates and invoices from your phone.
Questions about Richton Park
What is the Section 8 payment standard in Richton Park?
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 60471 is $1,880.
What is the Fair Market Rent for a two-bedroom in ZIP 60471?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60471 is $1,880 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,307 (±$119).
What is the Fair Market Rent for a one-bedroom in Richton Park?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60471 is $1,660 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 Richton Park at a glance
- Median rent in Richton Park
- Rent by bedrooms in Richton Park
- Rent burden in Richton Park
- Renters and owners in Richton Park
- Income and affordability in Richton Park
- Home values in Richton Park
- Homeowner costs in Richton Park
- Property taxes in Richton Park
- Types of homes in Richton Park
- Bedrooms in Richton Park
- Age of homes in Richton Park
- Vacancy rate in Richton Park
- Heating fuel in Richton Park
- Commute and cars in Richton Park
- Crime reported to police in Richton Park
- Population growth in Richton Park
- How long people stay in Richton Park
- Crowding and facilities in Richton Park
- Illinois landlord and tenant rules
- Housing across Cook County
- Housing data for every place in Illinois