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Cook County/Riverside/60546

60546

ZIPSAFMR
Cook County, IL
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$1,510$1,170
1 BR$1,600$1,500
2 BR$1,810$1,950
3 BR$2,330$2,260
4 BR$2,660$2,620
5 BR$3,059Not available
6 BR$3,518Not available
7 BR$4,046Not available
8 BR$4,652Not available

Purchase Price Calculator

Maximum purchase price
$227,853

Cost breakdown

+Likely effective rent$1,950
HUD FMR$1,810
Market rent$2,030
Est. payment standard (108%)Used$1,950
-Principal and interest-$1,152
Loan amount$182,282
Down payment$45,571
Rate6.50%
Term30 years
-Operating costs-$598
Property taxes-$228
Insurance-$175
Utilities$0
HOA$0
Management-$195
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,250(68.6% ROI)
Projected value
$245,372
Return breakdown
Property appreciation+$17,520
Loan principal paid down+$6,531
Rental cash flow+$7,200
5-year hold
+$53,588(117.6% ROI)
Projected value
$257,794
Return breakdown
Property appreciation+$29,942
Loan principal paid down+$11,646
Rental cash flow+$12,000
10-year hold
+$115,568(253.6% ROI)
Projected value
$291,671
Return breakdown
Property appreciation+$63,818
Loan principal paid down+$27,750
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.29
1 BR
1.07
2 BR
0.89
3 BR
1.03
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 60546 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60546 (Riverside, IL) is $1,810 a month. That is up 13.1% from $1,600 in FY 2026. Riverside 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, 60546 has the 165th-highest two-bedroom rent (county range $1,100–$3,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 60546 is 89% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60546
BedroomsFY 2027Change90–110% range
Studio$1,510+13.5%$1,359–$1,661
1BR$1,600+12.7%$1,440–$1,760
2BR$1,810+13.1%$1,629–$1,991
3BR$2,330+13.1%$2,097–$2,563
4BR$2,660+11.8%$2,394–$2,926

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60546
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,510$1,600$1,810$2,330$2,660
FY 2026$1,330$1,420$1,600$2,060$2,380
FY 2025$1,300$1,390$1,570$2,020$2,370
FY 2024$1,280$1,380$1,570$2,000$2,370
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. 60546
60491$2,340+29.3%
60499$1,980+9.4%
60501$1,530−15.5%
60513$1,840+1.7%
60521$2,670+47.5%
60523$1,380−23.8%
60525$2,050+13.3%
60526$1,940+7.2%
60527$2,180+20.4%
60534$1,530−15.5%
60546Current$1,810—
60558$2,710+49.7%

Questions about ZIP 60546 rents

How much will Section 8 pay for a two-bedroom in ZIP 60546?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,810, that basic range is $1,629 to $1,991 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 60546 in?

ZIP 60546 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 60546 for FY 2027?

The two-bedroom FMR rose 13.1%, from $1,600 in FY 2026 to $1,810 in FY 2027. Since FY 2023 it has risen 38.2%.

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