Section 8 Fair Market Rent (FMR) for ZIP 60545 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,610
1 Bedroom	$1,620
2 Bedrooms	$2,120
3 Bedrooms	$2,750
4 Bedrooms	$2,930
5 Bedrooms	$3,399
6 Bedrooms	$3,807
7 Bedrooms	$4,112
8 Bedrooms	$4,318

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

14,392

Median Household Income

$86,756

Housing Units

5,095

Renter Percentage

27.0%

Occupancy Rate

96.7%

Renter Occupied

1,329

Housing Authorities Serving ZIP 60545

Kendall Housing Authority (Yorkville, IL) - 198 Section 8 vouchers

Plano, Illinois, located in the heart of DuPage County, offers a mix of suburban charm and urban convenience, making it an attractive location for both renters and homeowners. The area benefits from its proximity to Chicago, offering residents access to a robust job market and cultural amenities while maintaining a quieter residential environment.

The Fair Market Rent (FMR) for ZIP 60545 as of the fiscal year 2024 is set at $1430, which reflects the government's benchmark for affordable rental housing.
The average market rent in Plano, according to the Census Bureau's American Community Survey (ACS), stands at $1,667, indicating that rents slightly exceed the FMR, suggesting a healthy rental market.
The median home value in Plano is $303,949, which is a key indicator of the overall property values in the area and can influence rental rates and property appreciation.
Renters make up 27.0% of the population, showing a significant but not overwhelming presence of tenants, which can be beneficial for landlords looking to balance between rental and owner-occupied properties.
The median income in Plano is $86,756, providing insight into the financial health of the local population and their ability to afford higher rents or mortgage payments.
Unfortunately, the data on days on the market (DOM) is currently unavailable, which would have been useful in assessing how quickly properties are selling or renting in the area.

Given these metrics, Plano presents a stable investment opportunity for landlords and small-portfolio investors. With market rents exceeding the FMR, there is potential for positive cash flow from rental properties. The median home value suggests a moderate price point for the area, which could offer good returns over time. Additionally, the substantial median income indicates that residents have the means to support rental costs, making Plano a viable choice for those seeking to invest in a balanced market with both rental and homeowner demand.

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.