IL/Kane County/MONTGOMERY
MONTGOMERY, IL
CitySAFMR
Kane County
Found 1 ZIP
BRFMR
Eff. Rent
0 BR$1,560$1,520
1 BR$1,700$1,700
2 BR$2,120$2,110
3 BR$2,860$2,290
4 BR$3,060$2,830
5 BR$3,519
6 BR$4,047
7 BR$4,654
8 BR$5,352

Market Alignment

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

Studio
Studio· 60538
1.03ratio
FMR$1,560
Market$1,520
vs market+$40

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

1.03
1 BR
1 BR· 60538
0.87ratio
FMR$1,700
Market$1,950
vs market-$250

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.87
2 BR
2 BR· 60538
1.00ratio
FMR$2,120
Market$2,110
vs market+$10

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

1.00
3 BR
3 BR· 60538
1.25ratio
FMR$2,860
Market$2,290
vs market+$570

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.25
4 BR
4 BR· 60538
1.08ratio
FMR$3,060
Market$2,830
vs market+$230

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

1.08
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$253,115
Rent
$2,120
Down payment
$50,623
Loan
$202,492
Mortgage
$1,280
Expenses
$640
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for MONTGOMERY, 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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