FY2027 Small Area FMR · Richmond, IL

ZIP 60071 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 60071 (Richmond, IL) is $1,650 a month, up 11.5% from FY2026. That is 18% below the Chicago-Joliet-Naperville, IL area-wide FMR of $2,011.

2-bedroom SAFMR$1,650per month ▲ 11.5%

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

Rank in the area314thof 370 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,485

2 BR Small Area FMR$1,650

110% of SAFMR$1,815

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

Studio$1,380▲ 12.2%

1 BR$1,460▲ 11.5%

2 BR$1,650▲ 11.5%

3 BR$2,120▲ 11.0%

4 BR$2,420▲ 10.0%

FY2027 FY2026

Where 60071 sits in the Chicago-Joliet-Naperville, IL area

Of the 370 ZIP codes HUD lists for the area, 60071 has the 314th 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 $1,485 and $1,815 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,380	$1,242 – $1,518	$1,678	$1,230
1 bedroom	$1,460	$1,314 – $1,606	$1,780	$1,310
2 bedrooms	$1,650	$1,485 – $1,815	$2,011	$1,480
3 bedrooms	$2,120	$1,908 – $2,332	$2,586	$1,910
4 bedrooms	$2,420	$2,178 – $2,662	$2,954	$2,200

A household renting a two-bedroom home at the Small Area FMR of $1,650 needs about $66,000 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 60071 lies mainly in McHenry 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
53128	Genoa City	4.3 mi	$1,420
60072	Ringwood	4.3 mi	$1,450
60081	Spring Grove	4.7 mi	$1,660
53181	Twin Lakes	4.8 mi	$1,270
60034	Hebron	5.4 mi	$1,520
53157	Pell Lake	5.4 mi	$1,300

Questions

What is the Fair Market Rent for ZIP code 60071?

HUD's FY2027 Small Area Fair Market Rents for 60071 are $1,380 (studio), $1,460 (1 BR), $1,650 (2 BR), $2,120 (3 BR) and $2,420 (4 BR) a month.

What is the Section 8 payment standard in 60071?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 60071 that range is $1,485 to $1,815 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 60071?

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.