FY2027 Small Area FMR · Waterman, IL

ZIP 60556 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 60556 (Waterman, IL) is $1,370 a month, up 9.6% from FY2026. That is 7% below the DeKalb County, IL area-wide FMR of $1,481.

2-bedroom SAFMR$1,370per month ▲ 9.6%

Area-wide 2 BR FMR$1,481DeKalb County, IL

Rank in the area18thof 26 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,233

2 BR Small Area FMR$1,370

110% of SAFMR$1,507

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

Studio$970▲ 12.8%

1 BR$1,070▲ 11.5%

2 BR$1,370▲ 9.6%

3 BR$1,860▲ 8.8%

4 BR$2,130▲ 1.4%

FY2027 FY2026

Where 60556 sits in the DeKalb County, IL area

Of the 26 ZIP codes HUD lists for the area, 60556 has the 18th highest two-bedroom Small Area FMR. DeKalb 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 $1,481 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,370 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	$970	$873 – $1,067	$1,052	$860
1 bedroom	$1,070	$963 – $1,177	$1,155	$960
2 bedrooms	$1,370	$1,233 – $1,507	$1,481	$1,250
3 bedrooms	$1,860	$1,674 – $2,046	$2,006	$1,710
4 bedrooms	$2,130	$1,917 – $2,343	$2,301	$2,100

A household renting a two-bedroom home at the Small Area FMR of $1,370 needs about $54,800 a year to keep housing costs at 30% of income. The area median family income is $112,500 and the 80% low-income limit for four people is $88,950. ZIP code 60556 lies mainly in DeKalb County. See the DeKalb County, IL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
60550	Shabbona	4.8 mi	$1,340
60520	Hinckley	5.6 mi	$2,080
60552	Somonauk	7.4 mi	$1,610
60115	Dekalb	9.6 mi	$1,420
60530	Lee	9.6 mi	$1,330
60531	Leland	10.0 mi	$1,630

Questions

What is the Fair Market Rent for ZIP code 60556?

HUD's FY2027 Small Area Fair Market Rents for 60556 are $970 (studio), $1,070 (1 BR), $1,370 (2 BR), $1,860 (3 BR) and $2,130 (4 BR) a month.

What is the Section 8 payment standard in 60556?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 60556 that range is $1,233 to $1,507 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 60556?

The FY2026 income limits of the DeKalb County, IL area apply: median family income $112,500, low-income (80%) limit $88,950 for a family of four.