Section 8 Fair Market Rent (FMR) for ZIP 60632 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,250
1 Bedroom	$1,330
2 Bedrooms	$1,500
3 Bedrooms	$1,930
4 Bedrooms	$2,200
5 Bedrooms	$2,552
6 Bedrooms	$2,858
7 Bedrooms	$3,087
8 Bedrooms	$3,241

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

89,107

Median Household Income

$64,809

Housing Units

29,011

Renter Percentage

39.4%

Occupancy Rate

94.1%

Renter Occupied

10,743

Housing Authorities Serving ZIP 60632

Chicago Housing Authority (Chicago, IL) - 61,049 Section 8 vouchers
Housing Authority Cook County (Chicago, IL) - 14,142 Section 8 vouchers
Housing Authority of the Village of Oak Park (Oak Park, IL) - 546 Section 8 vouchers
Housing Authority of the Town of Cicero (Cicero, IL) - 239 Section 8 vouchers
Illinois Housing Development Authority (Chicago, IL) - 235 Section 8 vouchers
Housing Authority of Park Forest (Park Forest, IL) - 181 Section 8 vouchers

Chicago Neighborhoods and Community Data

CTA Transit System Maps and Schedules

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.