Location: La Salle County, IL | Metro: Kendall County, IL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,280 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,850 |
| 3 Bedrooms | $2,540 |
| 4 Bedrooms | $2,630 |
| 5 Bedrooms | $3,051 |
| 6 Bedrooms | $3,417 |
| 7 Bedrooms | $3,690 |
| 8 Bedrooms | $3,875 |
U.S. Census Bureau data (2024)
The ZIP code 60537 stands out due to its unique demographic and economic characteristics. With a total population of 726 residents, only 7.8% are renters, indicating a predominantly owner-occupied community. The median income here is $81,825, reflecting a relatively affluent area. The median home value is significantly higher at $279,131, suggesting that homeownership is both desirable and achievable for many residents.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 60537 in fiscal year 2024 is set at $1,300. This is notably above the market rent, which is estimated at $1,135 based on Census ACS data. This discrepancy means that landlords who accept Section 8 vouchers can expect to receive slightly more than the typical market rate for rentals, making it a potentially attractive option despite the lower percentage of renters.
The data signature for ZIP 60537 reads as stable. The high median income and home values indicate a consistent economic environment where residents are likely to maintain their financial stability. The low rental rate suggests that there is little pressure from an influx of renters, allowing landlords to focus on a niche market without significant competition. Given these factors, landlords and small-portfolio investors should find the area conducive to steady, reliable returns on investment when considering Section 8 properties.
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.