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McHenry County/Union/60180

60180

ZIPSAFMR
McHenry County, IL
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$1,480$1,630
1 BR$1,580$1,740
2 BR$1,780$1,960
3 BR$2,290$2,230
4 BR$2,610$2,370
5 BR$3,001Not available
6 BR$3,452Not available
7 BR$3,969Not available
8 BR$4,565Not available

Purchase Price Calculator

Maximum purchase price
$229,339

Cost breakdown

+Likely effective rent$1,960
HUD FMR$1,780
Market rent$2,060
Est. payment standard (110%)Used$1,960
-Principal and interest-$1,160
Loan amount$183,471
Down payment$45,868
Rate6.50%
Term30 years
-Operating costs-$600
Property taxes-$229
Insurance-$175
Utilities$0
HOA$0
Management-$196
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,407(68.5% ROI)
Projected value
$246,973
Return breakdown
Property appreciation+$17,634
Loan principal paid down+$6,573
Rental cash flow+$7,200
5-year hold
+$53,859(117.4% ROI)
Projected value
$259,476
Return breakdown
Property appreciation+$30,137
Loan principal paid down+$11,722
Rental cash flow+$12,000
10-year hold
+$116,166(253.3% ROI)
Projected value
$293,573
Return breakdown
Property appreciation+$64,234
Loan principal paid down+$27,931
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.73
1 BR
0.77
2 BR
0.86
3 BR
1.03
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 60180 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60180 (Union, IL) is $1,780 a month. That is up 11.3% from $1,600 in FY 2026. Union 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 27 ZIP codes in McHenry County, 60180 has the 15th-highest two-bedroom rent (county range $1,060–$3,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 60180 is 86% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60180
BedroomsFY 2027Change90–110% range
Studio$1,480+11.3%$1,332–$1,628
1BR$1,580+11.3%$1,422–$1,738
2BR$1,780+11.3%$1,602–$1,958
3BR$2,290+11.2%$2,061–$2,519
4BR$2,610+9.2%$2,349–$2,871

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60180
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,480$1,580$1,780$2,290$2,610
FY 2026$1,330$1,420$1,600$2,060$2,390
FY 2025$1,370$1,460$1,650$2,120$2,490
FY 2024$1,380$1,490$1,690$2,150$2,550
FY 2023$1,440$1,570$1,810$2,300$2,730

Two-bedroom rent in nearby McHenry County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60180
60071$1,650−7.3%
60072$1,450−18.5%
60081$1,660−6.7%
60097$1,870+5.1%
60098$1,670−6.2%
60102$2,690+51.1%
60135$1,510−15.2%
60140$2,020+13.5%
60142$2,120+19.1%
60152$1,490−16.3%
60156$2,310+29.8%
60180Current$1,780—

Questions about ZIP 60180 rents

How much will Section 8 pay for a two-bedroom in ZIP 60180?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,780, that basic range is $1,602 to $1,958 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 60180 in?

ZIP 60180 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 60180 for FY 2027?

The two-bedroom FMR rose 11.3%, from $1,600 in FY 2026 to $1,780 in FY 2027. Since FY 2023 it has fallen 1.7%.

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