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Cook County/Chicago/60636

60636

ZIPSAFMR
Cook County, IL
Zillow

ZIP Investment Score

128Above average

095130300
BRFMR
Eff. Rent
0 BR$1,350$1,020
1 BR$1,430$1,290
2 BR$1,620$1,480
3 BR$2,080$1,660
4 BR$2,380$2,070
5 BR$2,737Not available
6 BR$3,148Not available
7 BR$3,620Not available
8 BR$4,163Not available

Purchase Price Calculator

Maximum purchase price
$158,011

Cost breakdown

+Likely effective rent$1,480
HUD FMR$1,620
Market rentUsed$1,480
Est. payment standard (94%)$1,530
-Principal and interest-$799
Loan amount$126,409
Down payment$31,602
Rate6.50%
Term30 years
-Operating costs-$481
Property taxes-$158
Insurance-$175
Utilities$0
HOA$0
Management-$148
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,878(75.6% ROI)
Projected value
$170,160
Return breakdown
Property appreciation+$12,150
Loan principal paid down+$4,529
Rental cash flow+$7,200
5-year hold
+$40,840(129.2% ROI)
Projected value
$178,775
Return breakdown
Property appreciation+$20,764
Loan principal paid down+$8,076
Rental cash flow+$12,000
10-year hold
+$87,501(276.9% ROI)
Projected value
$202,267
Return breakdown
Property appreciation+$44,256
Loan principal paid down+$19,244
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.32
1 BR
1.11
2 BR
1.09
3 BR
1.25
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 60636 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60636 (Chicago, IL) is $1,620 a month. That is up 22.7% from $1,320 in FY 2026. Chicago 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, 60636 is tied for the 198th-highest two-bedroom rent (county range $1,100–$3,020). The median county two-bedroom FMR in Illinois is $958, so ZIP 60636 is 69% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60636
BedroomsFY 2027Change90–110% range
Studio$1,350+22.7%$1,215–$1,485
1BR$1,430+22.2%$1,287–$1,573
2BR$1,620+22.7%$1,458–$1,782
3BR$2,080+22.4%$1,872–$2,288
4BR$2,380+20.8%$2,142–$2,618

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60636
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,350$1,430$1,620$2,080$2,380
FY 2026$1,100$1,170$1,320$1,700$1,970
FY 2025$1,050$1,120$1,270$1,630$1,920
FY 2024$1,000$1,070$1,220$1,550$1,840
FY 2023$830$900$1,030$1,310$1,550

Two-bedroom rent in nearby Cook County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60636
60630$2,090+29.0%
60631$2,190+35.2%
60632$1,500−7.4%
60633$1,6200.0%
60634$1,930+19.1%
60636Current$1,620—
60637$1,740+7.4%
60638$1,830+13.0%
60639$1,760+8.6%
60640$2,600+60.5%
60641$1,970+21.6%
60642$3,020+86.4%

Questions about ZIP 60636 rents

How much will Section 8 pay for a two-bedroom in ZIP 60636?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,620, that basic range is $1,458 to $1,782 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 60636 in?

ZIP 60636 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 60636 for FY 2027?

The two-bedroom FMR rose 22.7%, from $1,320 in FY 2026 to $1,620 in FY 2027. Since FY 2023 it has risen 57.3%.

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