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DuPage County/Westmont/60559

60559

ZIPSAFMR
DuPage County, IL
Zillow

ZIP Investment Score

116Above average

095130300
BRFMR
Eff. Rent
0 BR$1,860$2,020
1 BR$1,970$2,030
2 BR$2,230$2,280
3 BR$2,870$2,940
4 BR$3,280$3,610
5 BR$3,772Not available
6 BR$4,338Not available
7 BR$4,988Not available
8 BR$5,737Not available

Purchase Price Calculator

Maximum purchase price
$276,891

Cost breakdown

+Likely effective rent$2,280
HUD FMR$2,230
Market rent$2,300
Est. payment standard (102%)Used$2,280
-Principal and interest-$1,400
Loan amount$221,512
Down payment$55,378
Rate6.50%
Term30 years
-Operating costs-$680
Property taxes-$277
Insurance-$175
Utilities$0
HOA$0
Management-$228
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,427(65.8% ROI)
Projected value
$298,181
Return breakdown
Property appreciation+$21,290
Loan principal paid down+$7,936
Rental cash flow+$7,200
5-year hold
+$62,538(112.9% ROI)
Projected value
$313,276
Return breakdown
Property appreciation+$36,386
Loan principal paid down+$14,152
Rental cash flow+$12,000
10-year hold
+$135,276(244.3% ROI)
Projected value
$354,443
Return breakdown
Property appreciation+$77,553
Loan principal paid down+$33,723
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.96
2 BR
0.97
3 BR
0.96
4 BR
0.85
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 60559 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60559 (Westmont, IL) is $2,230 a month. That is up 17.4% from $1,900 in FY 2026. Westmont 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 55 ZIP codes in DuPage County, 60559 is tied for the 38th-highest two-bedroom rent (county range $1,380–$3,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 60559 is 133% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60559
BedroomsFY 2027Change90–110% range
Studio$1,860+17.7%$1,674–$2,046
1BR$1,970+16.6%$1,773–$2,167
2BR$2,230+17.4%$2,007–$2,453
3BR$2,870+17.1%$2,583–$3,157
4BR$3,280+15.9%$2,952–$3,608

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60559
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,860$1,970$2,230$2,870$3,280
FY 2026$1,580$1,690$1,900$2,450$2,830
FY 2025$1,520$1,630$1,840$2,360$2,780
FY 2024$1,460$1,570$1,790$2,280$2,700
FY 2023$1,210$1,310$1,500$1,900$2,260

Two-bedroom rent in nearby DuPage County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60559
60523$1,380−38.1%
60527$2,180−2.2%
60532$2,380+6.7%
60540$2,700+21.1%
60555$2,510+12.6%
60559Current$2,230—
60561$2,510+12.6%
60563$2,690+20.6%
60564$3,020+35.4%
60565$2,490+11.7%
60566$2,280+2.2%
60567$2,2300.0%

Questions about ZIP 60559 rents

How much will Section 8 pay for a two-bedroom in ZIP 60559?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,230, that basic range is $2,007 to $2,453 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 60559 in?

ZIP 60559 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 60559 for FY 2027?

The two-bedroom FMR rose 17.4%, from $1,900 in FY 2026 to $2,230 in FY 2027. Since FY 2023 it has risen 48.7%.

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