FY2027 Small Area FMR · Sheridan, IL
ZIP 60551 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 60551 (Sheridan, IL) is $1,850 a month, up 8.8% from FY2026. That is 21% below the Kendall County, IL area-wide FMR of $2,341.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 60551 sits in the Kendall County, IL area
Of the 21 ZIP codes HUD lists for the area, 60551 has the 15th highest two-bedroom Small Area FMR. Kendall 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 $2,341 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,850 for this ZIP code instead.
ZIP code 60551 crosses more than one HUD area. HUD also lists it under La Salle County, IL (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,280 | $1,152 – $1,408 | $1,778 | $1,290 |
| 1 bedroom | $1,410 | $1,269 – $1,551 | $1,790 | $1,300 |
| 2 bedrooms | $1,850 | $1,665 – $2,035 | $2,341 | $1,700 |
| 3 bedrooms | $2,540 | $2,286 – $2,794 | $3,042 | $2,380 |
| 4 bedrooms | $2,630 | $2,367 – $2,893 | $3,238 | $2,460 |
A household renting a two-bedroom home at the Small Area FMR of $1,850 needs about $74,000 a year to keep housing costs at 30% of income. The area median family income is $135,800 and the 80% low-income limit for four people is $106,800. ZIP code 60551 lies mainly in La Salle County. See the Kendall County, IL county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 60551?
HUD's FY2027 Small Area Fair Market Rents for 60551 are $1,280 (studio), $1,410 (1 BR), $1,850 (2 BR), $2,540 (3 BR) and $2,630 (4 BR) a month.
What is the Section 8 payment standard in 60551?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 60551 that range is $1,665 to $2,035 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 60551?
The FY2026 income limits of the Kendall County, IL area apply: median family income $135,800, low-income (80%) limit $106,800 for a family of four.