Location: Chicago-Joliet-Naperville, IL | Metro: Chicago-Joliet-Naperville, IL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,380 |
| 1 Bedroom | $1,460 |
| 2 Bedrooms | $1,650 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,420 |
| 5 Bedrooms | $2,807 |
| 6 Bedrooms | $3,144 |
| 7 Bedrooms | $3,396 |
| 8 Bedrooms | $3,566 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,650 | $248,141 | 0.66% | D |
| 3BR | $2,120 | $354,878 | 0.6% | F |
| 4BR | $2,420 | $444,594 | 0.54% | F |
| 5BR | $2,807 | $496,243 | 0.57% | F |
U.S. Census Bureau data (2024)
1500 FMR stands as the Fair Market Rent for Antioch, IL, in zip code 60002 for fiscal year 2024, indicating the maximum amount Section 8 vouchers will cover for rental units. This figure contrasts with the $1,177 market rent observed in the area according to Census ACS data, suggesting a slight premium for voucher holders. The median home value in Antioch is $344,700, reflecting a stable housing market that benefits both homeowners and investors looking to capitalize on property values. With 20.7% of the population being renters, there's a significant demand for rental properties, making it a viable investment opportunity. The median income of $104,981 provides insight into the financial health of residents, supporting the potential for higher rents and better quality tenants. A 9-day DOM (Days on Market) indicates that properties are quickly rented out, reducing vacancy periods and increasing cash flow efficiency. The 0.2% price-cut share shows that landlords rarely need to reduce their asking prices, maintaining strong profitability. In conclusion, given the fair market conditions and the demand for rental properties, Antioch, IL, remains a favorable location for Section 8 investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.