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Vermilion County/East Lynn/60932

60932

ZIPSAFMR
Vermilion County, IL
Zillow

ZIP Investment Score

5Below average

095130300
BRFMR
Eff. Rent
0 BR$730$730
1 BR$740$740
2 BR$950$950
3 BR$1,270$1,270
4 BR$1,330$1,330
5 BR$1,529Not available
6 BR$1,759Not available
7 BR$2,023Not available
8 BR$2,326Not available

Purchase Price Calculator

Maximum purchase price
$79,253

Cost breakdown

+Likely effective rent$950
HUD FMRUsed$950
Market rentN/A
Est. payment standardN/A
-Principal and interest-$401
Loan amount$63,402
Down payment$15,851
Rate6.50%
Term30 years
-Operating costs-$349
Property taxes-$79
Insurance-$175
Utilities$0
HOA$0
Management-$95
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,565(98.2% ROI)
Projected value
$85,347
Return breakdown
Property appreciation+$6,094
Loan principal paid down+$2,272
Rental cash flow+$7,200
5-year hold
+$26,465(167.0% ROI)
Projected value
$89,668
Return breakdown
Property appreciation+$10,415
Loan principal paid down+$4,051
Rental cash flow+$12,000
10-year hold
+$55,850(352.4% ROI)
Projected value
$101,451
Return breakdown
Property appreciation+$22,198
Loan principal paid down+$9,652
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 60932 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 60932 (East Lynn, IL) is $950 a month. That is unchanged from FY 2026. East Lynn is in the Vermilion County, IL non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $956. Among 27 ZIP codes in Vermilion County, 60932 is tied for the 18th-highest two-bedroom rent (county range $930–$1,530).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 60932
BedroomsFY 2027Change90–110% range
Studio$730+10.6%$657–$803
1BR$740+2.8%$666–$814
2BR$9500.0%$855–$1,045
3BR$1,270+8.5%$1,143–$1,397
4BR$1,330+3.9%$1,197–$1,463

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 60932
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$730$740$950$1,270$1,330
FY 2026$660$720$950$1,170$1,280
FY 2025$630$710$930$1,150$1,260
FY 2024$650$690$900$1,120$1,200
FY 2023$600$620$810$1,030$1,090

Two-bedroom rent in nearby Vermilion County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 60932
60932Current$950—
60942$980+3.2%
60960$1,010+6.3%
60963$1,050+10.5%
61810$1,010+6.3%
61811$1,000+5.3%
61812$1,090+14.7%
61814$1,020+7.4%
61817$1,020+7.4%
61831$990+4.2%
61832$1,000+5.3%
61833$9500.0%

Questions about ZIP 60932 rents

How much will Section 8 pay for a two-bedroom in ZIP 60932?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $956, which applies unless the housing authority uses Small Area FMRs, that basic range is $860 to $1,052 a month; under the ZIP-level Small Area FMR of $950 it would be $855 to $1,045. 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 60932 in?

ZIP 60932 is in the Vermilion County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $956.

How much did fair market rent change in ZIP 60932 for FY 2027?

The two-bedroom FMR was unchanged at $950 in FY 2027. Since FY 2023 it has risen 17.3%.

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