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Cook County/Palatine/60067

60067

ZIPSAFMR
Cook County, IL
Zillow

ZIP Investment Score

92Below average

095130300
BRFMR
Eff. Rent
0 BR$1,780$1,960
1 BR$1,890$1,900
2 BR$2,130$2,200
3 BR$2,740$2,910
4 BR$3,130$3,440
5 BR$3,599Not available
6 BR$4,139Not available
7 BR$4,760Not available
8 BR$5,474Not available

Purchase Price Calculator

Maximum purchase price
$265,003

Cost breakdown

+Likely effective rent$2,200
HUD FMR$2,130
Market rent$2,240
Est. payment standard (103%)Used$2,200
-Principal and interest-$1,340
Loan amount$212,002
Down payment$53,001
Rate6.50%
Term30 years
-Operating costs-$660
Property taxes-$265
Insurance-$175
Utilities$0
HOA$0
Management-$220
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,172(66.4% ROI)
Projected value
$285,379
Return breakdown
Property appreciation+$20,376
Loan principal paid down+$7,596
Rental cash flow+$7,200
5-year hold
+$60,368(113.9% ROI)
Projected value
$299,826
Return breakdown
Property appreciation+$34,824
Loan principal paid down+$13,545
Rental cash flow+$12,000
10-year hold
+$130,498(246.2% ROI)
Projected value
$339,226
Return breakdown
Property appreciation+$74,223
Loan principal paid down+$32,275
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.99
2 BR
0.95
3 BR
0.91
4 BR
0.86
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 60067 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60067 (Palatine, IL) is $2,130 a month. That is up 12.1% from $1,900 in FY 2026. Palatine 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 222 ZIP codes in Cook County, 60067 is tied for the 81st-highest two-bedroom rent (county range $1,100–$3,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 60067 is 122% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60067
BedroomsFY 2027Change90–110% range
Studio$1,780+12.7%$1,602–$1,958
1BR$1,890+11.8%$1,701–$2,079
2BR$2,130+12.1%$1,917–$2,343
3BR$2,740+11.8%$2,466–$3,014
4BR$3,130+10.6%$2,817–$3,443

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60067
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,780$1,890$2,130$2,740$3,130
FY 2026$1,580$1,690$1,900$2,450$2,830
FY 2025$1,570$1,680$1,900$2,440$2,870
FY 2024$1,670$1,800$2,050$2,610$3,090
FY 2023$1,410$1,530$1,750$2,220$2,640

Two-bedroom rent in nearby Cook County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60067
60053$3,020+41.8%
60055$1,980−7.0%
60056$2,040−4.2%
60062$2,650+24.4%
60065$1,980−7.0%
60067Current$2,130—
60068$2,090−1.9%
60070$1,930−9.4%
60074$2,170+1.9%
60076$2,220+4.2%
60077$2,080−2.3%
60078$1,980−7.0%

Questions about ZIP 60067 rents

How much will Section 8 pay for a two-bedroom in ZIP 60067?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,130, that basic range is $1,917 to $2,343 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 60067 in?

ZIP 60067 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 60067 for FY 2027?

The two-bedroom FMR rose 12.1%, from $1,900 in FY 2026 to $2,130 in FY 2027. Since FY 2023 it has risen 21.7%.

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