60088
ZIPSAFMR
Lake County, IL
BRFMR
Eff. Rent
0 BR$1,940$1,580
1 BR$2,080$1,490
2 BR$2,340$1,610
3 BR$3,010$2,460
4 BR$3,490$2,590
5 BR$4,013
6 BR$4,616
7 BR$5,308
8 BR$6,104

Market Alignment

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

Studio
Studio
1.23ratio
FMR$1,940
Market$1,580
vs market+$360

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

1.23
1 BR
1 BR
1.40ratio
FMR$2,080
Market$1,490
vs market+$590

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

1.40
2 BR
2 BR
1.45ratio
FMR$2,340
Market$1,610
vs market+$730

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

1.45
3 BR
3 BR
1.22ratio
FMR$3,010
Market$2,460
vs market+$550

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

1.22
4 BR
4 BR
1.35ratio
FMR$3,490
Market$2,590
vs market+$900

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

1.35
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across all bedroom 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
$285,807
Rent
$2,340
Down payment
$57,161
Loan
$228,645
Mortgage
$1,445
Expenses
$695
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 60088 (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.