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Winnebago County/Kirkland/60146

60146

ZIPSAFMR
Winnebago County, IL
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$1,090$1,090
1 BR$1,200$1,200
2 BR$1,540$1,540
3 BR$2,090$2,090
4 BR$2,390$2,390
5 BR$2,749Not available
6 BR$3,161Not available
7 BR$3,635Not available
8 BR$4,180Not available

Purchase Price Calculator

Maximum purchase price
$166,927

Cost breakdown

+Likely effective rent$1,540
HUD FMRUsed$1,540
Market rentN/A
Est. payment standardN/A
-Principal and interest-$844
Loan amount$133,542
Down payment$33,385
Rate6.50%
Term30 years
-Operating costs-$496
Property taxes-$167
Insurance-$175
Utilities$0
HOA$0
Management-$154
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,820(74.3% ROI)
Projected value
$179,762
Return breakdown
Property appreciation+$12,835
Loan principal paid down+$4,784
Rental cash flow+$7,200
5-year hold
+$42,468(127.2% ROI)
Projected value
$188,862
Return breakdown
Property appreciation+$21,936
Loan principal paid down+$8,532
Rental cash flow+$12,000
10-year hold
+$91,084(272.8% ROI)
Projected value
$213,681
Return breakdown
Property appreciation+$46,754
Loan principal paid down+$20,330
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
--
Tax rate
--
Mortgage rate
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ZIP 60146 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60146 (Kirkland, IL) is $1,540 a month. That is up 6.9% from $1,440 in FY 2026. Kirkland is in the Rockford, IL MSA. 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 $1,172. Among 36 ZIP codes in Winnebago County, 60146 has the 3rd-highest two-bedroom rent (county range $1,060–$1,760). The median county two-bedroom FMR in Illinois is $958, so ZIP 60146 is 61% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60146
BedroomsFY 2027Change90–110% range
Studio$1,090+10.1%$981–$1,199
1BR$1,200+9.1%$1,080–$1,320
2BR$1,540+6.9%$1,386–$1,694
3BR$2,090+9.4%$1,881–$2,299
4BR$2,390+3.5%$2,151–$2,629

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60146
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,090$1,200$1,540$2,090$2,390
FY 2026$990$1,100$1,440$1,910$2,310
FY 2025$940$1,040$1,370$1,860$2,290
FY 2024$850$960$1,260$1,770$2,120
FY 2023$650$740$960$1,360$1,630

Two-bedroom rent in nearby Winnebago County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60146
60146Current$1,540—
61008$1,150−25.3%
61011$1,760+14.3%
61016$1,060−31.2%
61019$1,260−18.2%
61020$1,240−19.5%
61024$1,060−31.2%
61039$1,060−31.2%
61047$1,280−16.9%
61052$1,270−17.5%
61063$1,280−16.9%
61072$1,200−22.1%

Questions about ZIP 60146 rents

How much will Section 8 pay for a two-bedroom in ZIP 60146?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,172, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,055 to $1,289 a month; under the ZIP-level Small Area FMR of $1,540 it would be $1,386 to $1,694. 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 60146 in?

ZIP 60146 is in the Rockford, IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,172.

How much did fair market rent change in ZIP 60146 for FY 2027?

The two-bedroom FMR rose 6.9%, from $1,440 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 60.4%.

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