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Winnebago County/Loves Park/61111

61111

ZIPSAFMR
Winnebago County, IL
Zillow

ZIP Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$870$960
1 BR$960$1,060
2 BR$1,250$1,380
3 BR$1,650$1,800
4 BR$1,680$1,850
5 BR$1,932Not available
6 BR$2,222Not available
7 BR$2,555Not available
8 BR$2,938Not available

Purchase Price Calculator

Maximum purchase price
$143,151

Cost breakdown

+Likely effective rent$1,380
HUD FMR$1,250
Market rent$1,470
Est. payment standard (110%)Used$1,380
-Principal and interest-$724
Loan amount$114,521
Down payment$28,630
Rate6.50%
Term30 years
-Operating costs-$456
Property taxes-$143
Insurance-$175
Utilities$0
HOA$0
Management-$138
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,310(77.9% ROI)
Projected value
$154,158
Return breakdown
Property appreciation+$11,007
Loan principal paid down+$4,103
Rental cash flow+$7,200
5-year hold
+$38,128(133.2% ROI)
Projected value
$161,962
Return breakdown
Property appreciation+$18,811
Loan principal paid down+$7,317
Rental cash flow+$12,000
10-year hold
+$81,529(284.8% ROI)
Projected value
$183,245
Return breakdown
Property appreciation+$40,094
Loan principal paid down+$17,434
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.65
1 BR
0.77
2 BR
0.85
3 BR
0.88
4 BR
0.81
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 61111 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 61111 (Loves Park, IL) is $1,250 a month. That is up 0.8% from $1,240 in FY 2026. Loves Park 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, 61111 has the 12th-highest two-bedroom rent (county range $1,060–$1,760). The median county two-bedroom FMR in Illinois is $958, so ZIP 61111 is 31% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 61111
BedroomsFY 2027Change90–110% range
Studio$870+2.4%$783–$957
1BR$960+1.1%$864–$1,056
2BR$1,250+0.8%$1,125–$1,375
3BR$1,650+0.6%$1,485–$1,815
4BR$1,6800.0%$1,512–$1,848

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 61111
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$870$960$1,250$1,650$1,680
FY 2026$850$950$1,240$1,640$1,680
FY 2025$840$940$1,230$1,630$1,670
FY 2024$730$810$1,070$1,430$1,480
FY 2023$650$740$970$1,310$1,360

Two-bedroom rent in nearby Winnebago County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 61111
61102$1,060−15.2%
61103$1,110−11.2%
61104$1,060−15.2%
61105$1,170−6.4%
61107$1,210−3.2%
61108$1,170−6.4%
61109$1,090−12.8%
61110$1,170−6.4%
61111Current$1,250—
61112$1,110−11.2%
61114$1,480+18.4%
61115$1,300+4.0%

Questions about ZIP 61111 rents

How much will Section 8 pay for a two-bedroom in ZIP 61111?

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 $1,250 it would be $1,125 to $1,375. 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 61111 in?

ZIP 61111 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 61111 for FY 2027?

The two-bedroom FMR rose 0.8%, from $1,240 in FY 2026 to $1,250 in FY 2027. Since FY 2023 it has risen 28.9%.

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