FMR is near market; voucher and private rents are aligned.
1.04
1 BR
1 BR- 60706
0.92ratio
FMR$1,540
Market$1,680
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 60706
0.83ratio
FMR$1,740
Market$2,090
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR- 60706
0.87ratio
FMR$2,240
Market$2,580
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR- 60706
0.77ratio
FMR$2,560
Market$3,310
vs market-$750
FMR is below market; voucher rent may lag private rents.
0.77
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Harwood Heights, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Harwood Heights, IL is $1,740 a month. That is up 10.1% from $1,580 in FY 2026. Harwood Heights is in the Chicago-Joliet-Naperville, IL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Illinois is $958, so Harwood Heights is 82% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Harwood Heights, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,310
$1,450
+10.7%
$1,305–$1,595
1BR
$1,400
$1,540
+10.0%
$1,386–$1,694
2BR
$1,580
$1,740
+10.1%
$1,566–$1,914
3BR
$2,030
$2,240
+10.3%
$2,016–$2,464
4BR
$2,350
$2,560
+8.9%
$2,304–$2,816
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Harwood Heights, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,450
$1,540
$1,740
$2,240
$2,560
FY 2026
$1,310
$1,400
$1,580
$2,030
$2,350
FY 2025
$1,310
$1,400
$1,580
$2,030
$2,380
FY 2024
$1,260
$1,350
$1,540
$1,960
$2,320
FY 2023
$1,010
$1,100
$1,260
$1,600
$1,900
Questions about Harwood Heights, IL rents
How much will Section 8 pay for a two-bedroom in Harwood Heights, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,740, that basic range is $1,566 to $1,914 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Harwood Heights, IL in?
Harwood Heights, IL is in the Chicago-Joliet-Naperville, IL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Harwood Heights, IL for FY 2027?
The two-bedroom FMR rose 10.1%, from $1,580 in FY 2026 to $1,740 in FY 2027. Since FY 2023 it has risen 38.1%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set