Location: La Salle County, IL | Metro: Grundy County, 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 | $1,510 |
| 1 Bedroom | $1,520 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,610 |
| 4 Bedrooms | $2,810 |
| 5 Bedrooms | $3,260 |
| 6 Bedrooms | $3,651 |
| 7 Bedrooms | $3,943 |
| 8 Bedrooms | $4,140 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,610 | $340,483 | 0.77% | D |
| 4BR | $2,810 | $485,325 | 0.58% | F |
U.S. Census Bureau data (2024)
1570 FMR stands as the Fair Market Rent threshold for ZIP 60541 for fiscal year 2024, indicating the maximum rental amount allowed under the program. 1344 is the average market rent reported by the Census Bureau's American Community Survey, suggesting that properties priced at or below this amount will be competitive in the local rental market. At 395367, the median home value in this area is relatively high, which can influence property appreciation and potential investment returns. 15.2% represents the proportion of households that are renters, showing a modest demand for rental properties. However, with 118100 being the median income, there is a strong financial base supporting rental payments, making it likely that tenants can afford higher rents without subsidy assistance. The data does not provide a specific number of days on the market (DOM), nor a percentage for price-cut shares, implying a stable market where pricing adjustments are minimal and listings sell quickly. This combination of factors—affordable market rents relative to the median income, a reasonable share of renters, and a high median home value—creates an environment where Section 8 properties can perform well. The verdict for Section 8 participation in ZIP 60541 is positive, given the alignment between market rents and the FMR, coupled with the financial stability of the local population.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.