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DeKalb County/Hampshire/60140

60140

ZIPSAFMR
DeKalb County, IL
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$1,630$1,790
1 BR$1,750$1,880
2 BR$2,020$2,050
3 BR$2,630$2,380
4 BR$3,000$2,740
5 BR$3,450Not available
6 BR$3,967Not available
7 BR$4,563Not available
8 BR$5,247Not available

Purchase Price Calculator

Maximum purchase price
$242,713

Cost breakdown

+Likely effective rent$2,050
HUD FMR$2,020
Market rent$2,070
Est. payment standard (102%)Used$2,050
-Principal and interest-$1,227
Loan amount$194,170
Down payment$48,543
Rate6.50%
Term30 years
-Operating costs-$623
Property taxes-$243
Insurance-$175
Utilities$0
HOA$0
Management-$205
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,819(67.6% ROI)
Projected value
$261,375
Return breakdown
Property appreciation+$18,662
Loan principal paid down+$6,957
Rental cash flow+$7,200
5-year hold
+$56,300(116.0% ROI)
Projected value
$274,607
Return breakdown
Property appreciation+$31,894
Loan principal paid down+$12,406
Rental cash flow+$12,000
10-year hold
+$121,540(250.4% ROI)
Projected value
$310,693
Return breakdown
Property appreciation+$67,980
Loan principal paid down+$29,560
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
0.90
2 BR
0.98
3 BR
1.11
4 BR
1.09
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 60140 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60140 (Hampshire, IL) is $2,020 a month. That is down 6.9% from $2,170 in FY 2026. Hampshire is in the DeKalb County, IL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 26 ZIP codes in DeKalb County, 60140 has the 5th-highest two-bedroom rent (county range $1,240–$2,340). The median county two-bedroom FMR in Illinois is $958, so ZIP 60140 is 111% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60140
BedroomsFY 2027Change90–110% range
Studio$1,630−9.4%$1,467–$1,793
1BR$1,750−9.3%$1,575–$1,925
2BR$2,020−6.9%$1,818–$2,222
3BR$2,630−5.7%$2,367–$2,893
4BR$3,000−7.1%$2,700–$3,300

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60140
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,630$1,750$2,020$2,630$3,000
FY 2026$1,800$1,930$2,170$2,790$3,230
FY 2025$1,800$1,930$2,180$2,800$3,290
FY 2024$1,780$1,910$2,180$2,780$3,290
FY 2023$1,540$1,660$1,910$2,420$2,880

Two-bedroom rent in nearby DeKalb County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60140
60111$1,510−25.2%
60112$2,060+2.0%
60115$1,420−29.7%
60119$2,340+15.8%
60129$1,320−34.7%
60135$1,510−25.2%
60140Current$2,020—
60145$1,240−38.6%
60146$1,540−23.8%
60150$1,610−20.3%
60151$2,240+10.9%
60152$1,490−26.2%

Questions about ZIP 60140 rents

How much will Section 8 pay for a two-bedroom in ZIP 60140?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,020, that basic range is $1,818 to $2,222 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 60140 in?

ZIP 60140 is in the DeKalb County, 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 60140 for FY 2027?

The two-bedroom FMR fell 6.9%, from $2,170 in FY 2026 to $2,020 in FY 2027. Since FY 2023 it has risen 5.8%.

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