What is the Fair Market Rent in Vernon Township, IL?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $2,620 to $3,020 a month across the 4 ZIP codes that cover Vernon Township.
By ZIP code: 60069 $3,020, 60089 $2,850, 60061 $2,620, 60015 $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 Vernon Township is $1,879 (±$68), below the Small Area figure for ZIP 60069.
Figures last updated on .
- 2 bedrooms, whole area
- $2,011
- 2 bedrooms, ZIP 60069
- $3,020
- 2 bedrooms, ZIP 60089
- $2,850
- 2 bedrooms, ZIP 60061
- $2,620
Fair Market Rents for Vernon 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 60069 | $2,520 | $2,670 | $3,020 | $3,880 | $4,440 | $2,756 |
| ZIP 60089 (78% of the ZIP’s land is in this place) | $2,380 | $2,520 | $2,850 | $3,670 | $4,190 | $2,037 |
| ZIP 60061 (68% of the ZIP’s land is in this place) | $2,190 | $2,320 | $2,620 | $3,370 | $3,850 | $1,908 |
| ZIP 60015 (32% of the ZIP’s land is in this place) | $2,520 | $2,670 | $3,020 | $3,880 | $4,440 | $2,380 |
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 Vernon Township
What is the Section 8 payment standard in Vernon 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 60069 is $3,020.
What is the Fair Market Rent for a two-bedroom in ZIP 60069?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60069 is $3,020 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $2,756 (±$461).
What is the Fair Market Rent for a two-bedroom in ZIP 60089?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60089 is $2,850 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $2,037 (±$148).
What is the Fair Market Rent for a two-bedroom in ZIP 60061?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60061 is $2,620 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,908 (±$126).
What is the Fair Market Rent for a one-bedroom in Vernon Township?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60069 is $2,670 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
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