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Ogle County/Creston/60113

60113

ZIPSAFMR
Ogle County, IL
Zillow

ZIP Investment Score

81Below average

095130300
BRFMR
Eff. Rent
0 BR$760$760
1 BR$840$840
2 BR$1,100$1,100
3 BR$1,350$1,350
4 BR$1,630$1,630
5 BR$1,874Not available
6 BR$2,156Not available
7 BR$2,479Not available
8 BR$2,851Not available

Purchase Price Calculator

Maximum purchase price
$101,543

Cost breakdown

+Likely effective rent$1,100
HUD FMRUsed$1,100
Market rentN/A
Est. payment standardN/A
-Principal and interest-$513
Loan amount$81,234
Down payment$20,309
Rate6.50%
Term30 years
-Operating costs-$387
Property taxes-$102
Insurance-$175
Utilities$0
HOA$0
Management-$110
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,918(88.2% ROI)
Projected value
$109,351
Return breakdown
Property appreciation+$7,808
Loan principal paid down+$2,910
Rental cash flow+$7,200
5-year hold
+$30,534(150.3% ROI)
Projected value
$114,887
Return breakdown
Property appreciation+$13,344
Loan principal paid down+$5,190
Rental cash flow+$12,000
10-year hold
+$64,808(319.1% ROI)
Projected value
$129,984
Return breakdown
Property appreciation+$28,441
Loan principal paid down+$12,367
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 60113 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60113 (Creston, IL) is $1,100 a month. That is down 9.8% from $1,220 in FY 2026. Creston is in the Ogle County, IL non-metropolitan 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 county-wide two-bedroom FMR of $1,080. Among 28 ZIP codes in Ogle County, 60113 is tied for the 12th-highest two-bedroom rent (county range $1,010–$1,540). The median county two-bedroom FMR in Illinois is $958, so ZIP 60113 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60113
BedroomsFY 2027Change90–110% range
Studio$760−9.5%$684–$836
1BR$840−9.7%$756–$924
2BR$1,100−9.8%$990–$1,210
3BR$1,350−9.4%$1,215–$1,485
4BR$1,630−6.9%$1,467–$1,793

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60113
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$760$840$1,100$1,350$1,630
FY 2026$840$930$1,220$1,490$1,750
FY 2025$810$880$1,160$1,450$1,630
FY 2024area FMR$674$709$932$1,182$1,241
FY 2023area FMR$611$657$865$1,101$1,162

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Ogle County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60113
60113Current$1,100—
60129$1,320+20.0%
60146$1,540+40.0%
60553$1,400+27.3%
61006$1,010−8.2%
61007$1,010−8.2%
61010$1,140+3.6%
61015$1,040−5.5%
61020$1,240+12.7%
61021$1,010−8.2%
61030$1,020−7.3%
61031$1,010−8.2%

Questions about ZIP 60113 rents

How much will Section 8 pay for a two-bedroom in ZIP 60113?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,080, which applies unless the housing authority uses Small Area FMRs, that basic range is $972 to $1,188 a month; under the ZIP-level Small Area FMR of $1,100 it would be $990 to $1,210. 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 60113 in?

ZIP 60113 is in the Ogle County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,080.

How much did fair market rent change in ZIP 60113 for FY 2027?

The two-bedroom FMR fell 9.8%, from $1,220 in FY 2026 to $1,100 in FY 2027. Since FY 2025 it has fallen 5.2%.

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