HUD Open Data · FY 2026
What is the Fair Market Rent in Grundy County, IL (ZIP 60416)?
Small Area FMR · Last updated: FY2026, effective October 1, 2025
For ZIP code 60416 in Grundy County, Illinois, the FY2026 Fair Market Rent for a two-bedroom is $1,400 a month, with rents from $990 for a studio up to $2,110 for a four-bedroom (full breakdown below). This is a Small Area FMR, a ZIP-specific rate HUD sets for this neighborhood. Source: U.S. HUD, Office of Policy Development and Research, FY2026 Fair Market Rents, effective October 1, 2025.
| Unit size | Monthly FMR (FY 2026) |
|---|---|
| Studio / Efficiency | $990 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,110 |
County FMR (Grundy County) for comparison
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Frequently asked questions
What is the Fair Market Rent in Grundy County, IL (ZIP code 60416) for 2026?
For ZIP code 60416 in Grundy County, Illinois, a two-bedroom has a Fair Market Rent of $1,400 a month for FY2026, and rents range from $990 for a studio to $2,110 for a four-bedroom. This is a Small Area FMR (SAFMR), a ZIP-level rate HUD sets for the neighborhood. Source: U.S. HUD, Office of Policy Development and Research, FY2026 Fair Market Rents.
What is the 2-bedroom Fair Market Rent for ZIP 60416 in 2026?
A two-bedroom in ZIP 60416 (Grundy County, Illinois) has a Fair Market Rent of $1,400 a month under HUD's FY2026 figures.
When do FY2026 Fair Market Rents become effective?
FY2026 Fair Market Rents became effective October 1, 2025 and apply through September 30, 2026.
What is a Small Area Fair Market Rent (SAFMR)?
ZIP 60416 has a Small Area FMR, a ZIP-level rent limit that tracks neighborhood rents more closely than a single metro-wide average. HUD sets SAFMRs in higher-rent areas so voucher holders can reach more neighborhoods.
How does HUD calculate Fair Market Rents?
HUD calculates FMRs as the 40th percentile of gross rents paid by recent movers for standard-quality units in a metropolitan area or non-metropolitan county. Data comes from the American Community Survey (ACS).
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