Skip to main content
Loading page
McHenry County/McHenry/60050

60050

ZIPSAFMR
McHenry County, IL
Zillow

ZIP Investment Score

112Above average

095130300
BRFMR
Eff. Rent
0 BR$1,750$1,240
1 BR$1,860$1,450
2 BR$2,100$1,910
3 BR$2,700$2,440
4 BR$3,080$2,650
5 BR$3,542Not available
6 BR$4,073Not available
7 BR$4,684Not available
8 BR$5,387Not available

Purchase Price Calculator

Maximum purchase price
$221,909

Cost breakdown

+Likely effective rent$1,910
HUD FMR$2,100
Market rentUsed$1,910
Est. payment standard (94%)$1,980
-Principal and interest-$1,122
Loan amount$177,527
Down payment$44,382
Rate6.50%
Term30 years
-Operating costs-$588
Property taxes-$222
Insurance-$175
Utilities$0
HOA$0
Management-$191
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,623(69.0% ROI)
Projected value
$238,971
Return breakdown
Property appreciation+$17,063
Loan principal paid down+$6,360
Rental cash flow+$7,200
5-year hold
+$52,503(118.3% ROI)
Projected value
$251,069
Return breakdown
Property appreciation+$29,161
Loan principal paid down+$11,342
Rental cash flow+$12,000
10-year hold
+$113,180(255.0% ROI)
Projected value
$284,062
Return breakdown
Property appreciation+$62,153
Loan principal paid down+$27,026
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.41
1 BR
1.28
2 BR
1.10
3 BR
1.11
4 BR
1.16
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 60050 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60050 (McHenry, IL) is $2,100 a month. That is up 10.5% from $1,900 in FY 2026. McHenry 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. Among 27 ZIP codes in McHenry County, 60050 has the 10th-highest two-bedroom rent (county range $1,060–$3,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 60050 is 119% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60050
BedroomsFY 2027Change90–110% range
Studio$1,750+10.8%$1,575–$1,925
1BR$1,860+10.1%$1,674–$2,046
2BR$2,100+10.5%$1,890–$2,310
3BR$2,700+10.2%$2,430–$2,970
4BR$3,080+8.8%$2,772–$3,388

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60050
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,750$1,860$2,100$2,700$3,080
FY 2026$1,580$1,690$1,900$2,450$2,830
FY 2025$1,580$1,690$1,910$2,450$2,880
FY 2024$1,520$1,640$1,860$2,370$2,800
FY 2023$1,230$1,330$1,530$1,940$2,310

Two-bedroom rent in nearby McHenry County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60050
60014$1,990−5.2%
60020$1,740−17.1%
60021$3,020+43.8%
60033$1,640−21.9%
60034$1,520−27.6%
60039$1,920−8.6%
60042$2,540+21.0%
60050Current$2,100—
60051$2,270+8.1%
60071$1,650−21.4%
60072$1,450−31.0%
60081$1,660−21.0%

Questions about ZIP 60050 rents

How much will Section 8 pay for a two-bedroom in ZIP 60050?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,100, that basic range is $1,890 to $2,310 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 ZIP 60050 in?

ZIP 60050 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 ZIP 60050 for FY 2027?

The two-bedroom FMR rose 10.5%, from $1,900 in FY 2026 to $2,100 in FY 2027. Since FY 2023 it has risen 37.3%.

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

County fair market rentMcHenry, IL fair market rentIL statewide rentsWhat is SAFMR?Data sources