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McHenry County/Algonquin/60102

60102

ZIPSAFMR
McHenry County, IL
Zillow

ZIP Investment Score

92Below average

095130300
BRFMR
Eff. Rent
0 BR$2,240$1,550
1 BR$2,380$1,830
2 BR$2,690$2,210
3 BR$3,460$2,440
4 BR$3,950$2,970
5 BR$4,543Not available
6 BR$5,224Not available
7 BR$6,007Not available
8 BR$6,909Not available

Purchase Price Calculator

Maximum purchase price
$266,489

Cost breakdown

+Likely effective rent$2,210
HUD FMR$2,690
Market rentUsed$2,210
Est. payment standard (90%)$2,420
-Principal and interest-$1,348
Loan amount$213,191
Down payment$53,298
Rate6.50%
Term30 years
-Operating costs-$662
Property taxes-$266
Insurance-$175
Utilities$0
HOA$0
Management-$221
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,329(66.3% ROI)
Projected value
$286,979
Return breakdown
Property appreciation+$20,490
Loan principal paid down+$7,638
Rental cash flow+$7,200
5-year hold
+$60,640(113.8% ROI)
Projected value
$301,507
Return breakdown
Property appreciation+$35,019
Loan principal paid down+$13,621
Rental cash flow+$12,000
10-year hold
+$131,095(246.0% ROI)
Projected value
$341,128
Return breakdown
Property appreciation+$74,639
Loan principal paid down+$32,456
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.45
1 BR
1.30
2 BR
1.22
3 BR
1.42
4 BR
1.33
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 60102 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60102 (Algonquin, IL) is $2,690 a month. That is up 11.2% from $2,420 in FY 2026. Algonquin 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, 60102 has the 3rd-highest two-bedroom rent (county range $1,060–$3,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 60102 is 181% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60102
BedroomsFY 2027Change90–110% range
Studio$2,240+11.4%$2,016–$2,464
1BR$2,380+10.7%$2,142–$2,618
2BR$2,690+11.2%$2,421–$2,959
3BR$3,460+10.9%$3,114–$3,806
4BR$3,950+9.7%$3,555–$4,345

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60102
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,240$2,380$2,690$3,460$3,950
FY 2026$2,010$2,150$2,420$3,120$3,600
FY 2025$2,010$2,150$2,430$3,120$3,670
FY 2024$1,950$2,100$2,390$3,040$3,600
FY 2023$1,640$1,780$2,040$2,590$3,080

Two-bedroom rent in nearby McHenry County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60102
60050$2,100−21.9%
60051$2,270−15.6%
60071$1,650−38.7%
60072$1,450−46.1%
60081$1,660−38.3%
60097$1,870−30.5%
60098$1,670−37.9%
60102Current$2,690—
60135$1,510−43.9%
60140$2,020−24.9%
60142$2,120−21.2%
60152$1,490−44.6%

Questions about ZIP 60102 rents

How much will Section 8 pay for a two-bedroom in ZIP 60102?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,690, that basic range is $2,421 to $2,959 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 60102 in?

ZIP 60102 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 60102 for FY 2027?

The two-bedroom FMR rose 11.2%, from $2,420 in FY 2026 to $2,690 in FY 2027. Since FY 2023 it has risen 31.9%.

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