IL/Lake County/LAKE VILLA
LAKE VILLA, IL
CitySAFMR
Lake County
Found 1 ZIP
BRFMR
Eff. Rent
0 BR$1,690$1,690
1 BR$1,810$1,810
2 BR$2,040$2,040
3 BR$2,630$2,630
4 BR$3,040$3,040
5 BR$3,496
6 BR$4,020
7 BR$4,623
8 BR$5,317

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 60046
0.95ratio
FMR$1,690
Market$1,780
vs market-$90

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.95
1 BR
1 BR· 60046
0.97ratio
FMR$1,810
Market$1,870
vs market-$60

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.97
2 BR
2 BR· 60046
0.96ratio
FMR$2,040
Market$2,120
vs market-$80

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.96
3 BR
3 BR· 60046
0.97ratio
FMR$2,630
Market$2,720
vs market-$90

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.97
4 BR
4 BR· 60046
0.96ratio
FMR$3,040
Market$3,160
vs market-$120

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.96
0.700.800.901.001.101.201.30aligned range

Voucher rents are well-aligned with market rents across all bedroom sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$241,227
Rent
$2,040
Down payment
$48,245
Loan
$192,981
Mortgage
$1,220
Expenses
$620
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for LAKE VILLA, IL (IL) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

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