Location: Chicago-Joliet-Naperville, IL | Metro: Chicago-Joliet-Naperville, IL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,830 |
| 1 Bedroom | $1,940 |
| 2 Bedrooms | $2,190 |
| 3 Bedrooms | $2,820 |
| 4 Bedrooms | $3,220 |
| 5 Bedrooms | $3,735 |
| 6 Bedrooms | $4,183 |
| 7 Bedrooms | $4,518 |
| 8 Bedrooms | $4,744 |
U.S. Census Bureau data (2024)
The ZIP code 60139, located in Glendale Heights, IL within DuPage County, stands out due to its demographic and economic characteristics. With a population of 32,848 residents, it has a relatively high rental rate of 35.7%, indicating a significant portion of the community is composed of renters. The median income in this area is $86,372, which suggests a middle-class neighborhood. The median home value of $317,483 reflects the overall housing affordability and desirability in the region.
In terms of Section 8 economics, the Fair Market Rent (FMR) for ZIP 60139 in fiscal year 2024 is set at $2,000. This figure is notably higher than the market rent, measured by the Zillow Rent Index (ZORI), which is $1,896. Landlords and small-portfolio investors should take note of this discrepancy, as it presents an opportunity to receive slightly above-market rents through Section 8 vouchers. However, it's important to understand that the FMR is designed to cover a broader range of housing quality and sizes, so not all units will qualify for the full $2,000 subsidy. Still, the potential to earn more than the typical market rate makes Section 8 a viable option for those willing to participate in the program.
Evaluating the data signature of ZIP 60139, it reads as stable. The median income and home values indicate a consistent economic environment where most residents can afford their living costs. Additionally, the slight increase in the FMR compared to the previous year shows a gradual adjustment rather than a sudden shift, which is characteristic of a stable market. For landlords, this stability means that Section 8 tenants are likely to be reliable and that the financial support offered by the vouchers will remain predictable. Small-portfolio investors looking to diversify their rental offerings or enter into subsidized housing should find this ZIP code a secure investment opportunity.
Data Sources: FMR data from HUD (2027). 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.