FY2027 Small Area FMR · Verona, IL

ZIP 60479 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 60479 (Verona, IL) is $1,590 a month, up 5.3% from FY2026. That is 1% below the Grundy County, IL area-wide FMR of $1,613.

2-bedroom SAFMR$1,590per month ▲ 5.3%

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

Rank in the area8thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,431

2 BR Small Area FMR$1,590

110% of SAFMR$1,749

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

Studio$1,170▲ 9.3%

1 BR$1,220▲ 5.2%

2 BR$1,590▲ 5.3%

3 BR$2,190▲ 6.8%

4 BR$2,530▲ 11.0%

FY2027 FY2026

Where 60479 sits in the Grundy County, IL area

Of the 17 ZIP codes HUD lists for the area, 60479 has the 8th 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 $1,590 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	$1,170	$1,053 – $1,287	$1,189	$1,070
1 bedroom	$1,220	$1,098 – $1,342	$1,233	$1,160
2 bedrooms	$1,590	$1,431 – $1,749	$1,613	$1,510
3 bedrooms	$2,190	$1,971 – $2,409	$2,219	$2,050
4 bedrooms	$2,530	$2,277 – $2,783	$2,567	$2,280

A household renting a two-bedroom home at the Small Area FMR of $1,590 needs about $63,600 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 60479 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
60437	Kinsman	5.1 mi	$1,320
60444	Mazon	6.5 mi	$1,320
60470	Ransom	7.4 mi	$1,320
61360	Seneca	7.7 mi	$1,320
60450	Morris	10.4 mi	$1,850
60424	Gardner	11.3 mi	$1,420

Questions

What is the Fair Market Rent for ZIP code 60479?

HUD's FY2027 Small Area Fair Market Rents for 60479 are $1,170 (studio), $1,220 (1 BR), $1,590 (2 BR), $2,190 (3 BR) and $2,530 (4 BR) a month.

What is the Section 8 payment standard in 60479?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 60479 that range is $1,431 to $1,749 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 60479?

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.