FMR is below market; voucher rent may lag private rents.
0.90
1 BR
1 BR- 60471
0.95ratio
FMR$1,660
Market$1,740
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR- 60471
1.02ratio
FMR$1,880
Market$1,840
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR- 60471
1.10ratio
FMR$2,420
Market$2,210
vs market+$210
FMR is near market; voucher and private rents are aligned.
1.10
4 BR
4 BR- 60471
1.04ratio
FMR$2,760
Market$2,650
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.04
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
--
Richton Park, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Richton Park, IL is $1,880 a month. That is up 13.3% from $1,660 in FY 2026. Richton Park 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 Richton Park is 96% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Richton Park, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,380
$1,570
+13.8%
$1,413–$1,727
1BR
$1,470
$1,660
+12.9%
$1,494–$1,826
2BR
$1,660
$1,880
+13.3%
$1,692–$2,068
3BR
$2,140
$2,420
+13.1%
$2,178–$2,662
4BR
$2,470
$2,760
+11.7%
$2,484–$3,036
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Richton Park, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,570
$1,660
$1,880
$2,420
$2,760
FY 2026
$1,380
$1,470
$1,660
$2,140
$2,470
FY 2025
$1,340
$1,430
$1,620
$2,080
$2,440
FY 2024
$1,310
$1,410
$1,600
$2,040
$2,410
FY 2023
$1,090
$1,190
$1,360
$1,730
$2,050
Questions about Richton Park, IL rents
How much will Section 8 pay for a two-bedroom in Richton Park, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,880, that basic range is $1,692 to $2,068 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 Richton Park, IL in?
Richton Park, 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 Richton Park, IL for FY 2027?
The two-bedroom FMR rose 13.3%, from $1,660 in FY 2026 to $1,880 in FY 2027. Since FY 2023 it has risen 38.2%.
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