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Cook County/Stone Park/60165

60165

ZIPSAFMR
Cook County, IL
Zillow

ZIP Investment Score

146High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,500$1,280
1 BR$1,590$1,530
2 BR$1,800$1,840
3 BR$2,310$2,410
4 BR$2,640$2,800
5 BR$3,036Not available
6 BR$3,491Not available
7 BR$4,015Not available
8 BR$4,617Not available

Purchase Price Calculator

Maximum purchase price
$211,507

Cost breakdown

+Likely effective rent$1,840
HUD FMR$1,800
Market rent$1,860
Est. payment standard (102%)Used$1,840
-Principal and interest-$1,069
Loan amount$169,205
Down payment$42,301
Rate6.50%
Term30 years
-Operating costs-$571
Property taxes-$212
Insurance-$175
Utilities$0
HOA$0
Management-$184
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,525(69.8% ROI)
Projected value
$227,770
Return breakdown
Property appreciation+$16,263
Loan principal paid down+$6,062
Rental cash flow+$7,200
5-year hold
+$50,604(119.6% ROI)
Projected value
$239,300
Return breakdown
Property appreciation+$27,794
Loan principal paid down+$10,811
Rental cash flow+$12,000
10-year hold
+$108,999(257.7% ROI)
Projected value
$270,747
Return breakdown
Property appreciation+$59,240
Loan principal paid down+$25,760
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.17
1 BR
1.04
2 BR
0.97
3 BR
0.94
4 BR
0.92
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 60165 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60165 (Stone Park, IL) is $1,800 a month. That is up 18.4% from $1,520 in FY 2026. Stone Park 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, 60165 has the 166th-highest two-bedroom rent (county range $1,100–$3,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 60165 is 88% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60165
BedroomsFY 2027Change90–110% range
Studio$1,500+19.0%$1,350–$1,650
1BR$1,590+17.8%$1,431–$1,749
2BR$1,800+18.4%$1,620–$1,980
3BR$2,310+17.9%$2,079–$2,541
4BR$2,640+16.8%$2,376–$2,904

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60165
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,500$1,590$1,800$2,310$2,640
FY 2026$1,260$1,350$1,520$1,960$2,260
FY 2025$1,220$1,300$1,470$1,890$2,220
FY 2024$1,220$1,320$1,500$1,910$2,260
FY 2023$1,050$1,140$1,310$1,660$1,980

Two-bedroom rent in nearby Cook County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60165
60159$1,980+10.0%
60160$1,640−8.9%
60161$1,980+10.0%
60162$1,880+4.4%
60163$1,720−4.4%
60164$1,570−12.8%
60165Current$1,800—
60168$1,980+10.0%
60169$2,310+28.3%
60171$1,730−3.9%
60172$2,240+24.4%
60173$2,470+37.2%

Questions about ZIP 60165 rents

How much will Section 8 pay for a two-bedroom in ZIP 60165?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,800, that basic range is $1,620 to $1,980 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 60165 in?

ZIP 60165 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 60165 for FY 2027?

The two-bedroom FMR rose 18.4%, from $1,520 in FY 2026 to $1,800 in FY 2027. Since FY 2023 it has risen 37.4%.

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