FY2027 Small Area FMR · South Wilmington, IL

ZIP 60474 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 60474 (South Wilmington, IL) is $1,870 a month, up 16.9% from FY2026. That is 16% above the Grundy County, IL area-wide FMR of $1,613.

2-bedroom SAFMR$1,870per month ▲ 16.9%

Area-wide 2 BR FMR$1,613Grundy County, IL

Rank in the area5thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,683

2 BR Small Area FMR$1,870

110% of SAFMR$2,057

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

Studio$1,380▲ 22.1%

1 BR$1,430▲ 16.3%

2 BR$1,870▲ 16.9%

3 BR$2,570▲ 18.4%

4 BR$2,980▲ 23.1%

FY2027 FY2026

Where 60474 sits in the Grundy County, IL area

Of the 17 ZIP codes HUD lists for the area, 60474 has the 5th highest two-bedroom Small Area FMR. Grundy County, IL is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,613 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,870 for this ZIP code instead.

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	$1,189	$1,130
1 bedroom	$1,430	$1,287 – $1,573	$1,233	$1,230
2 bedrooms	$1,870	$1,683 – $2,057	$1,613	$1,600
3 bedrooms	$2,570	$2,313 – $2,827	$2,219	$2,170
4 bedrooms	$2,980	$2,682 – $3,278	$2,567	$2,420

A household renting a two-bedroom home at the Small Area FMR of $1,870 needs about $74,800 a year to keep housing costs at 30% of income. The area median family income is $116,100 and the 80% low-income limit for four people is $92,900. ZIP code 60474 lies mainly in Grundy County. See the Grundy County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
60407	Braceville	3.3 mi	$1,890
60424	Gardner	3.8 mi	$1,420
60935	Essex	4.6 mi	$1,410
60961	Reddick	5.7 mi	$1,720
60408	Braidwood	5.8 mi	$1,590
60416	Coal City	7.5 mi	$1,540

Questions

What is the Fair Market Rent for ZIP code 60474?

HUD's FY2027 Small Area Fair Market Rents for 60474 are $1,380 (studio), $1,430 (1 BR), $1,870 (2 BR), $2,570 (3 BR) and $2,980 (4 BR) a month.

What is the Section 8 payment standard in 60474?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 60474 that range is $1,683 to $2,057 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 60474?

The FY2026 income limits of the Grundy County, IL area apply: median family income $116,100, low-income (80%) limit $92,900 for a family of four.