FY2027 Small Area FMR · Mount Prospect, IL

ZIP 60056 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 60056 (Mount Prospect, IL) is $2,040 a month, up 6.8% from FY2026. That is 1% above the Chicago-Joliet-Naperville, IL area-wide FMR of $2,011.

2-bedroom SAFMR$2,040per month ▲ 6.8%

Area-wide 2 BR FMR$2,011Chicago-Joliet-Naperville, I

Rank in the area171stof 370 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,836

2 BR Small Area FMR$2,040

110% of SAFMR$2,244

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,700▲ 6.9%

1 BR$1,810▲ 6.5%

2 BR$2,040▲ 6.8%

3 BR$2,620▲ 6.5%

4 BR$3,000▲ 5.3%

FY2027 FY2026

Where 60056 sits in the Chicago-Joliet-Naperville, IL area

Of the 370 ZIP codes HUD lists for the area, 60056 has the 171st highest two-bedroom Small Area FMR. Chicago-Joliet-Naperville, IL is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,836 and $2,244 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,700	$1,530 – $1,870	$1,678	$1,590
1 bedroom	$1,810	$1,629 – $1,991	$1,780	$1,700
2 bedrooms	$2,040	$1,836 – $2,244	$2,011	$1,910
3 bedrooms	$2,620	$2,358 – $2,882	$2,586	$2,460
4 bedrooms	$3,000	$2,700 – $3,300	$2,954	$2,850

A household renting a two-bedroom home at the Small Area FMR of $2,040 needs about $81,600 a year to keep housing costs at 30% of income. The area median family income is $121,500 and the 80% low-income limit for four people is $97,200. ZIP code 60056 lies mainly in Cook County. See the Chicago-Joliet-Naperville, IL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
60016	Des Plaines	2.4 mi	$2,230
60070	Prospect Heights	2.5 mi	$1,930
60005	Arlington Heights	2.6 mi	$2,200
60004	Arlington Heights	3.9 mi	$2,470
60090	Wheeling	4.4 mi	$2,290
60008	Rolling Meadows	4.5 mi	$2,160

Questions

What is the Fair Market Rent for ZIP code 60056?

HUD's FY2027 Small Area Fair Market Rents for 60056 are $1,700 (studio), $1,810 (1 BR), $2,040 (2 BR), $2,620 (3 BR) and $3,000 (4 BR) a month.

What is the Section 8 payment standard in 60056?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 60056 that range is $1,836 to $2,244 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 60056?

The FY2026 income limits of the Chicago-Joliet-Naperville, IL area apply: median family income $121,500, low-income (80%) limit $97,200 for a family of four.