Section 8 Fair Market Rent (FMR) for ZIP 60025 - 2027

Investment Score for ZIP 60025

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,990
1 Bedroom	$2,120
2 Bedrooms	$2,390
3 Bedrooms	$3,070
4 Bedrooms	$3,510
5 Bedrooms	$4,072
6 Bedrooms	$4,561
7 Bedrooms	$4,926
8 Bedrooms	$5,172

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$2,120	$192,443	1.1%	B
2BR	$2,390	$292,226	0.82%	C
3BR	$3,070	$557,821	0.55%	F
4BR	$3,510	$906,183	0.39%	F
5BR	$4,072	$1,436,766	0.28%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 60025 (Glenview, IL) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) figures for Glenview, IL (ZIP code 60025) indicate that the cost of renting varies significantly based on the number of bedrooms. For a two-bedroom unit, the FMR is set at $2100 per month. However, it's important to note that this represents only 19.9% of the median household income in the area, which stands at $126,904. This suggests that the FMR is relatively low compared to the overall income levels, potentially creating a gap between what voucher holders can afford and the actual rental market rates. Actual rents in Glenview are likely higher than the FMR due to the high median household income and the overall desirability of the area. The Zillow median price for a two-bedroom home is $306,500, which translates into a monthly rent of approximately $1225 if we assume a typical rent-to-price ratio of 4%. However, the actual rental market is much more expensive, with the FMR being significantly lower than the typical rental rates. This means that voucher holders face substantial constraints in finding affordable housing within their budget. #### Affordability & Renter Profile Glenview has a population of 41,689, with 20.7% of residents being renters. The occupancy rate is quite high at 95.8%, indicating a tight rental market. Given the high median household income and the relatively low percentage of renters, it is likely that the rental market is skewed towards higher-income individuals who can afford the premium rents. The FMR for a two-bedroom unit is $2100, but this is far below the average rental costs in the area. The Zillow median price for a two-bedroom home implies a monthly rent of about $1225, which is still well below the FMR. This suggests that the rental market is highly competitive and that many units are priced above the FMR, making it difficult for Section 8 voucher holders to find suitable housing. #### Investor Angle From an investor perspective, the ZIP code 60025 presents a challenging environment for cash flow positive investments at the FMR level. The FMR for a two-bedroom unit is $2100, while the Zillow median price for such a unit is $306,500. Assuming a 4% rent-to-price ratio, the expected monthly rent would be around $1225, which is significantly lower than the FMR. This indicates that properties rented at the FMR level would likely generate less income than the typical market rent, leading to potential losses or negative cash flow. Moreover, the Price-to-FMR ratio of 12.2x for a two-bedroom unit highlights the disparity between property values and rental costs. This ratio suggests that the market is overpriced relative to the FMR, making it difficult for investors to achieve positive cash flow when adhering strictly to FMR guidelines. #### Specific Actionable Insights 1. **Focus on Larger Units**: Given the high median household income and the relatively low FMR for smaller units, investors might consider focusing on larger units such as three-bedroom or four-bedroom homes. The FMR for a three-bedroom unit is $2700, and for a four-bedroom unit, it is $3130. These higher FMRs align better with the overall rental market dynamics, providing a better chance for positive cash flow. 2. **Consider Location-Specific Strategies**: Within Glenview, there may be pockets where rental prices are closer to the FMR. Investors should conduct detailed neighborhood analyses to identify areas where the rental market is more aligned with the FMR. This could involve looking at newer developments or units that are slightly less desirable but still within the acceptable range for Section 8 tenants. 3. **Utilize Property Management Services**: Given the complexity of managing properties in a tight rental market, utilizing professional property management services can help ensure compliance with Section 8 requirements while also maximizing the chances of positive cash flow. Property managers can navigate the local rental market more effectively and provide insights into tenant preferences and market trends. #### Bottom Line For Section 8-focused investors, the ZIP code 60025 (Glenview, IL) presents a challenging environment due to the significant disparity between FMR and actual rental prices. The recommendation is to **Skip** investing in this ZIP code unless you can focus on larger units (three-bedroom or four-bedroom) where the FMR is higher and more aligned with market rents. Even then, achieving positive cash flow will be difficult given the high property values and tight rental market. Investors should look for other ZIP codes with more favorable Price-to-FMR ratios and a higher percentage of renters to ensure better alignment with Section 8 guidelines and market realities.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.