IL/Will County/SHOREWOOD
SHOREWOOD, IL
CitySAFMR
Will County
Found 1 ZIP
BRFMR
Eff. Rent
0 BR$1,990$1,990
1 BR$2,120$1,980
2 BR$2,390$2,220
3 BR$3,080$2,610
4 BR$3,560$2,780
5 BR$4,094
6 BR$4,708
7 BR$5,414
8 BR$6,226

Market Alignment

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

Studio
Studio· 60404
0.99ratio
FMR$1,990
Market$2,000
vs market-$10

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

0.99
1 BR
1 BR· 60404
1.07ratio
FMR$2,120
Market$1,980
vs market+$140

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

1.07
2 BR
2 BR· 60404
1.08ratio
FMR$2,390
Market$2,220
vs market+$170

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

1.08
3 BR
3 BR· 60404
1.18ratio
FMR$3,080
Market$2,610
vs market+$470

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

1.18
4 BR
4 BR· 60404
1.28ratio
FMR$3,560
Market$2,780
vs market+$780

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

1.28
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit 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
$293,237
Rent
$2,390
Down payment
$58,647
Loan
$234,589
Mortgage
$1,483
Expenses
$707
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for SHOREWOOD, 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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