60141

ZIPSAFMR

Cook County, IL

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$900	$990	-9.9%
1 BR	$980	$1,080	-9.5%
2 BR	$1,100	$1,210	-9.8%
3 BR	$1,400	$1,540	-9.8%
4 BR	$1,660	$1,830	-9.8%
5 BR	$1,909	Not available	-9.8%
6 BR	$2,195	Not available	-9.8%
7 BR	$2,525	Not available	-9.8%
8 BR	$2,903	Not available	-9.8%

Purchase Price Calculator

Maximum purchase price

$117,889

Cost breakdown

+Likely effective rent$1,210

HUD FMR$1,100

Market rent$1,870

Est. payment standard (110%)Used$1,210

-Principal and interest-$596

Loan amount$94,311

Down payment$23,578

Rate6.50%

Term30 years

-Operating costs-$414

Property taxes-$118

Insurance-$175

Utilities$0

HOA$0

Management-$121

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$19,644(83.3% ROI)

Projected value

$126,954

Return breakdown

Property appreciation+$9,065

Loan principal paid down+$3,379

Rental cash flow+$7,200

5-year hold

+$33,517(142.2% ROI)

Projected value

$133,381

Return breakdown

Property appreciation+$15,492

Loan principal paid down+$6,026

Rental cash flow+$12,000

10-year hold

+$71,377(302.7% ROI)

Projected value

$150,908

Return breakdown

Property appreciation+$33,019

Loan principal paid down+$14,358

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.71ratio

FMR$900

Market$1,260

vs market-$360

FMR is below market; voucher rent may lag private rents.

0.71

1 BR

0.69ratio

FMR$980

Market$1,420

vs market-$440

FMR is below market; voucher rent may lag private rents.

0.69

2 BR

0.59ratio

FMR$1,100

Market$1,870

vs market-$770

FMR is below market; voucher rent may lag private rents.

0.59

3 BR

0.55ratio

FMR$1,400

Market$2,540

vs market-$1,140

FMR is below market; voucher rent may lag private rents.

0.55

4 BR

0.59ratio

FMR$1,660

Market$2,830

vs market-$1,170

FMR is below market; voucher rent may lag private rents.

0.59

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 60141 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60141 (Hines, IL) is $1,100 a month. That is down 9.8% from $1,220 in FY 2026. Hines 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 222 ZIP codes in Cook County, 60141 has the 222nd-highest two-bedroom rent (county range $1,100–$3,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 60141 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60141
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,000	$900	−10.0%	$810–$990
1BR	$1,080	$980	−9.3%	$882–$1,078
2BR	$1,220	$1,100	−9.8%	$990–$1,210
3BR	$1,550	$1,400	−9.7%	$1,260–$1,540
4BR	$1,840	$1,660	−9.8%	$1,494–$1,826

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60141
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$900	$980	$1,100	$1,400	$1,660
FY 2026	$1,000	$1,080	$1,220	$1,550	$1,840
FY 2025	$1,110	$1,190	$1,350	$1,720	$2,040
FY 2024	$1,230	$1,320	$1,500	$1,910	$2,260
FY 2023	$1,020	$1,100	$1,270	$1,610	$1,910

Two-bedroom rent in nearby Cook County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 60141
60126	$2,670	+142.7%
60130	$1,900	+72.7%
60131	$1,570	+42.7%
60133	$2,100	+90.9%
60141Current	$1,100	—
60143	$2,460	+123.6%
60153	$1,710	+55.5%
60154	$2,440	+121.8%
60155	$1,550	+40.9%
60159	$1,980	+80.0%
60160	$1,640	+49.1%
60161	$1,980	+80.0%

Questions about ZIP 60141 rents

How much will Section 8 pay for a two-bedroom in ZIP 60141?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,100, that basic range is $990 to $1,210 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 60141 in?

ZIP 60141 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 60141 for FY 2027?

The two-bedroom FMR fell 9.8%, from $1,220 in FY 2026 to $1,100 in FY 2027. Since FY 2023 it has fallen 13.4%.

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 rent Hines, IL fair market rent IL statewide rents What is SAFMR?Data sources