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 | $1,570 |
| 1 Bedroom | $1,660 |
| 2 Bedrooms | $1,880 |
| 3 Bedrooms | $2,420 |
| 4 Bedrooms | $2,760 |
| 5 Bedrooms | $3,202 |
| 6 Bedrooms | $3,586 |
| 7 Bedrooms | $3,873 |
| 8 Bedrooms | $4,067 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,660 | $186,118 | 0.89% | C |
| 2BR | $1,880 | $315,907 | 0.6% | F |
| 3BR | $2,420 | $505,452 | 0.48% | F |
| 4BR | $2,760 | $815,790 | 0.34% | F |
| 5BR | $3,202 | $1,144,054 | 0.28% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 60137, located in Glen Ellyn, IL, hinges on analyzing its yield and stability metrics. On the yield axis, the Fair Market Rent (FMR) for FY 2024 is set at $1,620, while the market rent stands at $1,696. Given that the median home value is $554,693, the rental rates indicate a modest yield. Landlords can expect a slight premium over the FMR, which suggests that the area is not geared towards high-yield investments typical of flip-style markets.
Moving to the stability axis, the ZIP code shows a relatively low percentage of renters at 19.0%, which implies a higher proportion of homeowners. The 15-day days-on-market (DOM) figure suggests a quick turnover for rentals, indicating strong demand. Additionally, the average household income of $137,658 provides a solid financial foundation for tenants, reducing the risk of default and enhancing overall stability.
Combining these factors, ZIP 60137 leans more towards being a steady-cashflow zone rather than a high-yield/low-stability market. The modest yield from rental properties is balanced by the stability offered through higher tenant incomes and a robust local economy. This makes it an attractive option for landlords and small-portfolio investors seeking reliable returns without the volatility associated with high-yield markets.
To summarize, the key figures driving this assessment are:
This analysis points to a market where long-term investment strategies are likely to be more successful than short-term, high-risk flips.
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.