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Cook County/Crestwood/60418

60418

ZIPSAFMR
Cook County, IL
Zillow

ZIP Investment Score

126Above average

095130300
BRFMR
Eff. Rent
0 BR$1,490$1,300
1 BR$1,580$1,390
2 BR$1,780$1,790
3 BR$2,290$2,390
4 BR$2,610$2,650
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
$204,077

Cost breakdown

+Likely effective rent$1,790
HUD FMR$1,780
Market rent$1,800
Est. payment standard (101%)Used$1,790
-Principal and interest-$1,032
Loan amount$163,261
Down payment$40,815
Rate6.50%
Term30 years
-Operating costs-$558
Property taxes-$204
Insurance-$175
Utilities$0
HOA$0
Management-$179
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,741(70.4% ROI)
Projected value
$219,768
Return breakdown
Property appreciation+$15,692
Loan principal paid down+$5,849
Rental cash flow+$7,200
5-year hold
+$49,248(120.7% ROI)
Projected value
$230,894
Return breakdown
Property appreciation+$26,817
Loan principal paid down+$10,431
Rental cash flow+$12,000
10-year hold
+$106,013(259.7% ROI)
Projected value
$261,236
Return breakdown
Property appreciation+$57,159
Loan principal paid down+$24,855
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.15
1 BR
1.14
2 BR
0.99
3 BR
0.93
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 60418 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60418 (Crestwood, IL) is $1,780 a month. That is up 13.4% from $1,570 in FY 2026. Crestwood 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, 60418 is tied for the 167th-highest two-bedroom rent (county range $1,100–$3,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 60418 is 86% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60418
BedroomsFY 2027Change90–110% range
Studio$1,490+14.6%$1,341–$1,639
1BR$1,580+13.7%$1,422–$1,738
2BR$1,780+13.4%$1,602–$1,958
3BR$2,290+13.4%$2,061–$2,519
4BR$2,610+11.5%$2,349–$2,871

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60418
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,490$1,580$1,780$2,290$2,610
FY 2026$1,300$1,390$1,570$2,020$2,340
FY 2025$1,260$1,350$1,520$1,950$2,290
FY 2024$1,370$1,480$1,680$2,140$2,530
FY 2023$1,130$1,230$1,410$1,790$2,130

Two-bedroom rent in nearby Cook County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60418
60409$1,640−7.9%
60411$1,690−5.1%
60412$1,980+11.2%
60415$1,730−2.8%
60417$1,840+3.4%
60418Current$1,780—
60419$2,020+13.5%
60422$3,020+69.7%
60423$2,060+15.7%
60425$2,170+21.9%
60426$1,470−17.4%
60428$2,290+28.7%

Questions about ZIP 60418 rents

How much will Section 8 pay for a two-bedroom in ZIP 60418?

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 60418 in?

ZIP 60418 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 60418 for FY 2027?

The two-bedroom FMR rose 13.4%, from $1,570 in FY 2026 to $1,780 in FY 2027. Since FY 2023 it has risen 26.2%.

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