FY2027 Small Area FMR · Schaumburg, IL

ZIP 60195 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 60195 (Schaumburg, IL) is $2,390 a month, up 13.3% from FY2026. That is 19% above the Chicago-Joliet-Naperville, IL area-wide FMR of $2,011.

2-bedroom SAFMR$2,390per month ▲ 13.3%

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

Rank in the area92ndof 370 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,151

2 BR Small Area FMR$2,390

110% of SAFMR$2,629

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

Studio$1,990▲ 13.7%

1 BR$2,120▲ 13.4%

2 BR$2,390▲ 13.3%

3 BR$3,070▲ 12.9%

4 BR$3,510▲ 11.8%

FY2027 FY2026

Where 60195 sits in the Chicago-Joliet-Naperville, IL area

Of the 370 ZIP codes HUD lists for the area, 60195 has the 92nd 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 $2,151 and $2,629 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,990	$1,791 – $2,189	$1,678	$1,750
1 bedroom	$2,120	$1,908 – $2,332	$1,780	$1,870
2 bedrooms	$2,390	$2,151 – $2,629	$2,011	$2,110
3 bedrooms	$3,070	$2,763 – $3,377	$2,586	$2,720
4 bedrooms	$3,510	$3,159 – $3,861	$2,954	$3,140

A household renting a two-bedroom home at the Small Area FMR of $2,390 needs about $95,600 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 60195 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
60173	Schaumburg	2.3 mi	$2,470
60169	Hoffman Estates	2.3 mi	$2,310
60067	Palatine	2.4 mi	$2,130
60194	Schaumburg	3.2 mi	$2,610
60008	Rolling Meadows	3.3 mi	$2,160
60193	Schaumburg	4.6 mi	$2,640

Questions

What is the Fair Market Rent for ZIP code 60195?

HUD's FY2027 Small Area Fair Market Rents for 60195 are $1,990 (studio), $2,120 (1 BR), $2,390 (2 BR), $3,070 (3 BR) and $3,510 (4 BR) a month.

What is the Section 8 payment standard in 60195?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 60195 that range is $2,151 to $2,629 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 60195?

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.