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Winnebago County/Roscoe/61073

61073

ZIPSAFMR
Winnebago County, IL
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$1,090$1,200
1 BR$1,200$1,220
2 BR$1,570$1,480
3 BR$2,070$1,940
4 BR$2,110$1,950
5 BR$2,427Not available
6 BR$2,790Not available
7 BR$3,209Not available
8 BR$3,690Not available

Purchase Price Calculator

Maximum purchase price
$158,011

Cost breakdown

+Likely effective rent$1,480
HUD FMR$1,570
Market rentUsed$1,480
Est. payment standard (96%)$1,510
-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
0.73
1 BR
0.98
2 BR
1.06
3 BR
1.07
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 61073 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 61073 (Roscoe, IL) is $1,570 a month. That is up 0.6% from $1,560 in FY 2026. Roscoe is in the Rockford, IL MSA. 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 metro-wide two-bedroom FMR of $1,172. Among 36 ZIP codes in Winnebago County, 61073 has the 2nd-highest two-bedroom rent (county range $1,060–$1,760). The median county two-bedroom FMR in Illinois is $958, so ZIP 61073 is 64% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 61073
BedroomsFY 2027Change90–110% range
Studio$1,090+0.9%$981–$1,199
1BR$1,200+0.8%$1,080–$1,320
2BR$1,570+0.6%$1,413–$1,727
3BR$2,070+0.5%$1,863–$2,277
4BR$2,110−0.5%$1,899–$2,321

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 61073
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,090$1,200$1,570$2,070$2,110
FY 2026$1,080$1,190$1,560$2,060$2,120
FY 2025$1,070$1,190$1,560$2,060$2,120
FY 2024$930$1,040$1,370$1,830$1,890
FY 2023$820$930$1,230$1,660$1,720

Two-bedroom rent in nearby Winnebago County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 61073
61047$1,280−18.5%
61052$1,270−19.1%
61063$1,280−18.5%
61072$1,200−23.6%
61073Current$1,570—
61077$1,280−18.5%
61079$1,070−31.8%
61080$1,070−31.8%
61084$1,100−29.9%
61088$1,280−18.5%
61101$1,190−24.2%
61102$1,060−32.5%

Questions about ZIP 61073 rents

How much will Section 8 pay for a two-bedroom in ZIP 61073?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,172, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,055 to $1,289 a month; under the ZIP-level Small Area FMR of $1,570 it would be $1,413 to $1,727. 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 61073 in?

ZIP 61073 is in the Rockford, IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,172.

How much did fair market rent change in ZIP 61073 for FY 2027?

The two-bedroom FMR rose 0.6%, from $1,560 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 27.6%.

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