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Ogle County/Monroe Center/61052

61052

ZIPSAFMR
Ogle County, IL
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$880$880
1 BR$970$970
2 BR$1,270$1,270
3 BR$1,650$1,650
4 BR$1,990$1,990
5 BR$2,289Not available
6 BR$2,632Not available
7 BR$3,027Not available
8 BR$3,481Not available

Purchase Price Calculator

Maximum purchase price
$126,805

Cost breakdown

+Likely effective rent$1,270
HUD FMRUsed$1,270
Market rentN/A
Est. payment standardN/A
-Principal and interest-$641
Loan amount$101,444
Down payment$25,361
Rate6.50%
Term30 years
-Operating costs-$429
Property taxes-$127
Insurance-$175
Utilities$0
HOA$0
Management-$127
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,585(81.2% ROI)
Projected value
$136,555
Return breakdown
Property appreciation+$9,750
Loan principal paid down+$3,634
Rental cash flow+$7,200
5-year hold
+$35,144(138.6% ROI)
Projected value
$143,468
Return breakdown
Property appreciation+$16,663
Loan principal paid down+$6,481
Rental cash flow+$12,000
10-year hold
+$74,960(295.6% ROI)
Projected value
$162,321
Return breakdown
Property appreciation+$35,516
Loan principal paid down+$15,444
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
--
Mortgage rate
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ZIP 61052 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 61052 (Monroe Center, IL) is $1,270 a month. That is down 3.8% from $1,320 in FY 2026. Monroe Center is in the Ogle 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 $1,080. Among 28 ZIP codes in Ogle County, 61052 has the 6th-highest two-bedroom rent (county range $1,010–$1,540). The median county two-bedroom FMR in Illinois is $958, so ZIP 61052 is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 61052
BedroomsFY 2027Change90–110% range
Studio$880−3.3%$792–$968
1BR$970−4.0%$873–$1,067
2BR$1,270−3.8%$1,143–$1,397
3BR$1,650−3.5%$1,485–$1,815
4BR$1,990−5.2%$1,791–$2,189

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 61052
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$970$1,270$1,650$1,990
FY 2026$910$1,010$1,320$1,710$2,100
FY 2025$810$920$1,200$1,690$2,030
FY 2024$770$860$1,130$1,550$1,720
FY 2023$660$760$990$1,370$1,610

Two-bedroom rent in nearby Ogle County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 61052
61030$1,020−19.7%
61031$1,010−20.5%
61039$1,060−16.5%
61043$1,110−12.6%
61047$1,280+0.8%
61049$1,120−11.8%
61051$1,010−20.5%
61052Current$1,270—
61054$1,080−15.0%
61061$1,010−20.5%
61064$1,010−20.5%
61068$1,240−2.4%

Questions about ZIP 61052 rents

How much will Section 8 pay for a two-bedroom in ZIP 61052?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,080, which applies unless the housing authority uses Small Area FMRs, that basic range is $972 to $1,188 a month; under the ZIP-level Small Area FMR of $1,270 it would be $1,143 to $1,397. 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 61052 in?

ZIP 61052 is in the Ogle County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,080.

How much did fair market rent change in ZIP 61052 for FY 2027?

The two-bedroom FMR fell 3.8%, from $1,320 in FY 2026 to $1,270 in FY 2027. Since FY 2023 it has risen 28.3%.

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