Section 8 Fair Market Rent (FMR) for ZIP 60175 - 2027

Location: Chicago-Joliet-Naperville, IL | Metro: Chicago-Joliet-Naperville, IL HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,520
1 Bedroom	$2,670
2 Bedrooms	$3,020
3 Bedrooms	$3,880
4 Bedrooms	$4,440
5 Bedrooms	$5,150
6 Bedrooms	$5,768
7 Bedrooms	$6,229
8 Bedrooms	$6,540

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

25,553

Median Household Income

$181,352

Housing Units

8,967

Renter Percentage

4.4%

Occupancy Rate

96.7%

Renter Occupied

382

Housing Authorities Serving ZIP 60175

Housing Authority of the City of Aurora (Aurora, IL) - 1,499 Section 8 vouchers
Housing Authority of Elgin (Elgin, IL) - 1,164 Section 8 vouchers

The ZIP code 60175, located in Campton Hills, IL, is a suburban area characterized by its high median income and relatively low renter share, indicating a strong preference for homeownership among residents. This area is also known for its competitive rental market and quick property turnover rates.

Fair Market Rent (FMR): $2,570 - As of the fiscal year 2024, the FMR for ZIP 60175 is set at $2,570, which reflects the average rent that HUD expects to pay for a standard unit in the area.
Market Rent: $2,919 - According to the latest Census American Community Survey (ACS) data, the actual market rent in Campton Hills stands at $2,919, slightly above the FMR, suggesting a robust demand for rentals despite the low renter population.
Median Home Value: $624,838 - The median home value in this ZIP code is quite high at $624,838, indicative of a well-established, affluent community.
Renter Share: 4.4% - Only 4.4% of the population in Campton Hills are renters, highlighting the strong preference for homeownership over renting in this area.
Days on Market (DOM): 10 days - Properties listed for rent typically spend only 10 days on the market before being leased, pointing to a highly active rental market.
Median Income: $181,352 - The median household income in ZIP 60175 is $181,352, which is significantly higher than the national average, suggesting a high disposable income among residents.

In summary, while the renter share in Campton Hills is notably low at 4.4%, the rental market remains competitive with a median rent of $2,919 and a quick turnover rate of 10 days on market. High median incomes and home values indicate a stable economic environment, but investors should focus on the niche rental market rather than the broader residential one. The disparity between the FMR and market rent presents an opportunity for savvy investors to capitalize on the local rental dynamics.

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.