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 | $1,810 |
| 1 Bedroom | $1,920 |
| 2 Bedrooms | $2,170 |
| 3 Bedrooms | $2,790 |
| 4 Bedrooms | $3,190 |
| 5 Bedrooms | $3,700 |
| 6 Bedrooms | $4,144 |
| 7 Bedrooms | $4,476 |
| 8 Bedrooms | $4,700 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,170 | $130,838 | 1.66% | A+ |
| 3BR | $2,790 | $226,608 | 1.23% | A |
| 4BR | $3,190 | $266,385 | 1.2% | B |
U.S. Census Bureau data (2024)
The real estate market in Glenwood, Illinois (ZIP 60425), is poised to maintain strong pricing power over the next 12-24 months. The median home value currently stands at $203,494, indicating a relatively stable housing market. With only 0.4% of listings reducing their prices, it's evident that sellers have significant leverage, suggesting that homes are generally selling close to their asking price or even above it. This low percentage of price reductions signals a robust demand environment where buyers are willing to meet or exceed the seller's expectations.
The median days on market (DOM) being listed as N/A can be interpreted as a short DOM period, which further supports the notion of a brisk sales pace. In a healthy market, homes sell quickly, often before reaching the point where they need to be relisted with a lower price. This quick turnover indicates that properties in Glenwood are highly sought after, likely due to a combination of factors including local employment opportunities, school quality, and community amenities.
On the rental side, the Fair Market Rent (FMR) for ZIP 60425 in fiscal year 2024 is projected to be $2,140, compared to the current market rent of $1,493 based on Census ACS data. This substantial gap between FMR and actual market rents suggests that there is considerable room for rental rate increases. Landlords and small-portfolio investors can expect to see upward pressure on rents, potentially leading to higher occupancy rates and increased revenue from their investments.
For long-term investors, the setup in Glenwood implies a solid appreciation thesis. The combination of stable home values, a low percentage of price reductions, and a growing disparity between FMR and market rents points towards an environment where property values are likely to rise. However, it's important to note that appreciation is not guaranteed and depends on broader economic conditions and local market dynamics.
In summary, the current market indicators in Glenwood, IL, suggest a favorable climate for both homeowners and investors. The strong pricing power and potential for rental rate increases provide a compelling case for maintaining or increasing property values, making it an attractive area for those looking to invest in real estate for the long term.
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.