60165
ZIPSAFMR
Cook County, IL
BRFMR
Eff. Rent
0 BR$1,260$1,270
1 BR$1,350$1,470
2 BR$1,520$1,670
3 BR$1,960$2,160
4 BR$2,260$2,490
5 BR$2,599
6 BR$2,989
7 BR$3,437
8 BR$3,953

Purchase Price Calculator

Maximum purchase price
$186,245

Cost breakdown

+Likely effective rent$1,670
HUD FMR$1,520
Market rent$1,860
Est. payment standard (110%)Used$1,670
Estimated payment standard is $1,670 (110% of FMR).
-Principal and interest-$942
Loan amount$148,996
Down payment$37,249
Rate6.50%
Term30 years
-Operating costs-$528
Property taxes-$186
Insurance-$175
Utilities$0
HOA$0
Management-$167
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,859(72.1% ROI)
Projected value
$200,565
Current value$186,245
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,338
Rental cash flow+$7,200
5-year hold
+$45,993(123.5% ROI)
Projected value
$210,719
Current value$186,245
Return breakdown
Property appreciation+$24,474
Loan principal paid down+$9,519
Rental cash flow+$12,000
10-year hold
+$98,847(265.4% ROI)
Projected value
$238,409
Current value$186,245
Return breakdown
Property appreciation+$52,164
Loan principal paid down+$22,683
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.98ratio
FMR$1,260
Market$1,280
vs market-$20

FMR is near market; voucher and private rents are aligned.

90% standard$1,134 / 0.89 ratio110% standard$1,386 / 1.08 ratio
0.98
1 BR
1 BR
0.88ratio
FMR$1,350
Market$1,530
vs market-$180

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

90% standard$1,215 / 0.79 ratio110% standard$1,485 / 0.97 ratio
0.88
2 BR
2 BR
0.82ratio
FMR$1,520
Market$1,860
vs market-$340

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

90% standard$1,368 / 0.74 ratio110% standard$1,672 / 0.90 ratio
0.82
3 BR
3 BR
0.79ratio
FMR$1,960
Market$2,470
vs market-$510

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

90% standard$1,764 / 0.71 ratio110% standard$2,156 / 0.87 ratio
0.79
4 BR
4 BR
0.78ratio
FMR$2,260
Market$2,880
vs market-$620

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

90% standard$2,034 / 0.71 ratio110% standard$2,486 / 0.86 ratio
0.78
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 60165 (IL) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

60165 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60165 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,520 and the 4 bedroom fair market rent is $2,260.

Use this page for searches like 60165 FMR, 60165 fair market rent, and 60165 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 60165
Bedroom sizeHUD FMR
Studio$1,260
1 bedroom$1,350
2 bedroom$1,520
3 bedroom$1,960
4 bedroom$2,260