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 | $1,330 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,590 | $235,858 | 0.67% | D |
| 3BR | $2,040 | $328,202 | 0.62% | D |
| 4BR | $2,340 | $366,054 | 0.64% | D |
| 5BR | $2,714 | $431,361 | 0.63% | D |
U.S. Census Bureau data (2024)
Bridgeview, IL, located in Cook County and designated by ZIP code 60455, is a community with a unique demographic profile that sets it apart from other areas. The ZIP code has a total population of 16,872 residents, with 34.3% of them renting their homes. The median income here stands at $66,745, which is relatively modest compared to the median home value of $302,117. This suggests a significant disparity between rental and ownership costs, indicating that homeownership is more challenging for those earning the median income.
The voucher economics in Bridgeview are particularly noteworthy. The Fair Market Rent (FMR) for a one-bedroom apartment in ZIP 60455 for fiscal year 2024 is set at $1,360. However, the Census American Community Survey (ACS) indicates that the average market rent for a similar unit is only $1,177. This means that landlords participating in the Section 8 program can expect to receive a higher rent payment than the typical market rate, making the ZIP code an attractive option for property owners who want to ensure steady income through government assistance.
The data signature of Bridgeview reads as stable. Despite the modest median income, the high median home value and the favorable voucher economics suggest that there is a consistent demand for both rental and owned properties. The disparity between the market rent and the FMR also points to a potential opportunity for landlords to secure better rental rates through the Section 8 program, without necessarily facing a volatile market. For small-portfolio investors, this stability could translate into reliable cash flows and a predictable investment environment.
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.