FY2027 Small Area FMR · Mokena, IL

ZIP 60448 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 60448 (Mokena, IL) is $1,950 a month, up 5.4% from FY2026. That is 3% below the Chicago-Joliet-Naperville, IL area-wide FMR of $2,011.

2-bedroom SAFMR$1,950per month ▲ 5.4%

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

Rank in the area239thof 370 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,755

2 BR Small Area FMR$1,950

110% of SAFMR$2,145

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

Studio$1,630▲ 5.8%

1 BR$1,730▲ 5.5%

2 BR$1,950▲ 5.4%

3 BR$2,510▲ 5.5%

4 BR$2,860▲ 3.6%

FY2027 FY2026

Where 60448 sits in the Chicago-Joliet-Naperville, IL area

Of the 370 ZIP codes HUD lists for the area, 60448 has the 239th 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 $1,755 and $2,145 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,630	$1,467 – $1,793	$1,678	$1,540
1 bedroom	$1,730	$1,557 – $1,903	$1,780	$1,640
2 bedrooms	$1,950	$1,755 – $2,145	$2,011	$1,850
3 bedrooms	$2,510	$2,259 – $2,761	$2,586	$2,380
4 bedrooms	$2,860	$2,574 – $3,146	$2,954	$2,760

A household renting a two-bedroom home at the Small Area FMR of $1,950 needs about $78,000 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 60448 lies mainly in Will 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
60487	Tinley Park	3.5 mi	$1,970
60451	New Lenox	4.1 mi	$1,870
60467	Orland Park	4.5 mi	$2,880
60423	Frankfort	5.2 mi	$2,060
60491	Homer Glen	5.8 mi	$2,340
60477	Tinley Park	5.8 mi	$2,010

Questions

What is the Fair Market Rent for ZIP code 60448?

HUD's FY2027 Small Area Fair Market Rents for 60448 are $1,630 (studio), $1,730 (1 BR), $1,950 (2 BR), $2,510 (3 BR) and $2,860 (4 BR) a month.

What is the Section 8 payment standard in 60448?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 60448 that range is $1,755 to $2,145 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 60448?

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.