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IL/Lake County/SPRING GROVE

SPRING GROVE, IL

CitySAFMR
Lake County
Found 1 ZIP
Zillow
BRFMR
Eff. Rent
0 BR$1,250▼$1,270
1 BR$1,340▼$1,440
2 BR$1,510▼$1,630
3 BR$1,940▼$2,130
4 BR$2,250▼$2,400
5 BR$2,588▼—
6 BR$2,976▼—
7 BR$3,422▼—
8 BR$3,935▼—

Purchase Price Calculator

Maximum purchase price
$180,301

Cost breakdown

+Likely effective rent$1,630
HUD FMR$1,510
Market rent$1,690
Est. payment standard (108%)Used$1,630
Estimated payment standard is $1,630 (108% of FMR).
-Principal and interest-$912
Loan amount$144,241
Down payment$36,060
Rate6.50%
Term30 years
-Operating costs-$518
Property taxes-$180
Insurance-$175
Utilities$0
HOA$0
Management-$163
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,231(72.7% ROI)
Projected value
$194,164
Current value$180,301
Return breakdown
Property appreciation+$13,863
Loan principal paid down+$5,168
Rental cash flow+$7,200
5-year hold
+$44,909(124.5% ROI)
Projected value
$203,994
Current value$180,301
Return breakdown
Property appreciation+$23,693
Loan principal paid down+$9,216
Rental cash flow+$12,000
10-year hold
+$96,458(267.5% ROI)
Projected value
$230,800
Current value$180,301
Return breakdown
Property appreciation+$50,499
Loan principal paid down+$21,959
Rental cash flow+$24,000

Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio- 60081
0.98ratio
FMR$1,250
Market$1,280
vs market-$30

FMR is near market; voucher and private rents are aligned.

90% standard$1,125 / 0.88 ratio110% standard$1,375 / 1.07 ratio
0.98
1 BR
1 BR- 60081
0.89ratio
FMR$1,340
Market$1,500
vs market-$160

FMR is below market; voucher rent may lag private rents.

90% standard$1,206 / 0.80 ratio110% standard$1,474 / 0.98 ratio
0.89
2 BR
2 BR- 60081
0.89ratio
FMR$1,510
Market$1,690
vs market-$180

FMR is below market; voucher rent may lag private rents.

90% standard$1,359 / 0.80 ratio110% standard$1,661 / 0.98 ratio
0.89
3 BR
3 BR- 60081
0.85ratio
FMR$1,940
Market$2,270
vs market-$330

FMR is below market; voucher rent may lag private rents.

90% standard$1,746 / 0.77 ratio110% standard$2,134 / 0.94 ratio
0.85
4 BR
4 BR- 60081
0.91ratio
FMR$2,250
Market$2,480
vs market-$230

FMR is near market; voucher and private rents are aligned.

90% standard$2,025 / 0.82 ratio110% standard$2,475 / 1.00 ratio
0.91
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for SPRING GROVE, 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.

What is FMR?What is SAFMR?Data sourcesIncomplete geosView county page
Related ZIPs
60081

SPRING GROVE, IL fair market rent benchmarks

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for SPRING GROVE, IL shows monthly rent benchmarks by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,510 and the 4 bedroom fair market rent is $2,250.

Use these values to compare bedroom-size rent benchmarks and screen a property's rent assumptions. Local housing authorities set voucher payment standards, which may be above or below published HUD FMR, so confirm the applicable authority and current schedule before underwriting a property. Read the FMR and payment-standard guide for the full verification workflow.

FY 2026 Fair Market Rent by bedroom size for SPRING GROVE, IL
Bedroom sizeHUD FMR
Studio$1,250
1 bedroom$1,340
2 bedroom$1,510
3 bedroom$1,940
4 bedroom$2,250
Lake County fair market rent60081 FMR