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DeKalb County/Cortland/60112

60112

ZIPSAFMR
DeKalb County, IL
Zillow

ZIP Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$1,460$1,010
1 BR$1,610$1,200
2 BR$2,060$1,610
3 BR$2,790$1,820
4 BR$3,200$2,200
5 BR$3,680Not available
6 BR$4,232Not available
7 BR$4,867Not available
8 BR$5,597Not available

Purchase Price Calculator

Maximum purchase price
$177,329

Cost breakdown

+Likely effective rent$1,610
HUD FMR$2,060
Market rentUsed$1,610
Est. payment standard (90%)$1,850
-Principal and interest-$897
Loan amount$141,863
Down payment$35,466
Rate6.50%
Term30 years
-Operating costs-$513
Property taxes-$177
Insurance-$175
Utilities$0
HOA$0
Management-$161
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,918(73.1% ROI)
Projected value
$190,964
Return breakdown
Property appreciation+$13,635
Loan principal paid down+$5,083
Rental cash flow+$7,200
5-year hold
+$44,366(125.1% ROI)
Projected value
$200,631
Return breakdown
Property appreciation+$23,302
Loan principal paid down+$9,064
Rental cash flow+$12,000
10-year hold
+$95,264(268.6% ROI)
Projected value
$226,996
Return breakdown
Property appreciation+$49,667
Loan principal paid down+$21,597
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.45
1 BR
1.34
2 BR
1.28
3 BR
1.53
4 BR
1.45
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 60112 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60112 (Cortland, IL) is $2,060 a month. That is up 8.4% from $1,900 in FY 2026. Cortland is in the DeKalb County, IL HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,481. Among 26 ZIP codes in DeKalb County, 60112 has the 4th-highest two-bedroom rent (county range $1,240–$2,340). The median county two-bedroom FMR in Illinois is $958, so ZIP 60112 is 115% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60112
BedroomsFY 2027Change90–110% range
Studio$1,460+11.5%$1,314–$1,606
1BR$1,610+11.0%$1,449–$1,771
2BR$2,060+8.4%$1,854–$2,266
3BR$2,790+10.3%$2,511–$3,069
4BR$3,200+4.9%$2,880–$3,520

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60112
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,460$1,610$2,060$2,790$3,200
FY 2026$1,310$1,450$1,900$2,530$3,050
FY 2025$1,340$1,490$1,950$2,660$3,270
FY 2024$1,230$1,390$1,820$2,560$3,090
FY 2023$960$1,100$1,430$2,030$2,440

Two-bedroom rent in nearby DeKalb County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60112
60111$1,510−26.7%
60112Current$2,060—
60115$1,420−31.1%
60119$2,340+13.6%
60129$1,320−35.9%
60135$1,510−26.7%
60140$2,020−1.9%
60145$1,240−39.8%
60146$1,540−25.2%
60150$1,610−21.8%
60151$2,240+8.7%
60152$1,490−27.7%

Questions about ZIP 60112 rents

How much will Section 8 pay for a two-bedroom in ZIP 60112?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,481, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,333 to $1,629 a month; under the ZIP-level Small Area FMR of $2,060 it would be $1,854 to $2,266. 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 60112 in?

ZIP 60112 is in the DeKalb County, IL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,481.

How much did fair market rent change in ZIP 60112 for FY 2027?

The two-bedroom FMR rose 8.4%, from $1,900 in FY 2026 to $2,060 in FY 2027. Since FY 2023 it has risen 44.1%.

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