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Housing market/Illinois/ZIP 60056

ACS 2023 · FY2027 SAFMR

ZIP 60056 Mount Prospect, Illinois

Chicago-Joliet-Naperville, IL HUD Metro FMR Area · Illinois. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
55,989
Households
22,107
Median HH income
$104,168
Renter share
30.0%
Median gross rent
$1,456
Vacancy
4.7%
Pop. change
+1.3%
2BR SAFMR
$2,040
SAFMR / rent
1.401×
2–49 unit stock
6,481
LIHTC proj / units
2 / 130
HUD assisted MF
4 / 415

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 60056 · IL — sent to you.

ZIP 60056 · IL

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ACS rent vs 2BR SAFMR

ZIP 60056 — Mount Prospect, IL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,456
2BR SAFMR$2,040
90% floor$1,836
110% ceiling$2,244

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 60056

  • 1-unit detached13,23057.1%
  • 1-unit attached8803.8%
  • 2–4 units7723.3%
  • 5–49 units5,70924.7%
  • 50+ units2,55111.0%
  • Mobile180.1%
TypeUnitsShare
1-unit detached13,23057.0%
1-unit attached8803.8%
2 units (duplex)1910.8%
3–4 units5812.5%
5–9 units2,0618.9%
10–19 units1,9948.6%
20–49 units1,6547.1%
50+ units2,55111.0%
Mobile180.1%

2–4 unit share 3.3% · 5–49 unit share 24.6% · combined 2–49 27.9%.

Units by bedrooms

Studio
651
1BR
3,745
2BR
5,237
3BR
8,900
4BR
3,931
5+
738

Rent burden

Rent ≥30% of income46.0%
Rent ≥50% of income20.3%
  • ACS median gross rent $1,456 (all bedrooms, occupied rentals).
  • Median contract rent $1,364.
  • Renters paying ≥30% of income 46.0%; ≥50% 20.3%.
  • FY2027 2BR SAFMR $2,040 (1.401× ACS median gross rent).

Population

55,989 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.3%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 2 projects, 130 units.
  • HUD project-based assisted MF: 4 properties, 415 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 3,088 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 60056 30.0% of occupied households are renters; vacancy is 4.7%; ACS median gross rent is $1,456; population increased +1.3% between the 2018 and 2023 ACS vintages; the housing stock includes 772 units in 2–4-unit structures and 5,709 units in 5–49-unit structures; 2 LIHTC projects totaling 130 units; FY2027 2BR SAFMR is $2,040 versus ACS median gross rent of $1,456. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Illinois research

ZIP 60056 is a Census / HUD profile for Chicago-Joliet-Naperville, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 60056 — Mount Prospect, IL HUD Section 8 Payment Standards / SAFMR·Illinois ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
60002Chicago-Joliet-Naperville, IL HUD Metro FMR Area19.3%$1,176$1,65060004Chicago-Joliet-Naperville, IL HUD Metro FMR Area22.7%$1,703$2,47060005Chicago-Joliet-Naperville, IL HUD Metro FMR Area36.6%$1,621$2,20060006Chicago-Joliet-Naperville, IL HUD Metro FMR Area——$1,98060007Chicago-Joliet-Naperville, IL HUD Metro FMR Area26.0%$1,574$2,21060008Chicago-Joliet-Naperville, IL HUD Metro FMR Area27.5%$1,561$2,16060009Chicago-Joliet-Naperville, IL HUD Metro FMR Area——$1,98060010Chicago-Joliet-Naperville, IL HUD Metro FMR Area11.9%$2,459$3,02060011Chicago-Joliet-Naperville, IL HUD Metro FMR Area——$2,02060012Chicago-Joliet-Naperville, IL HUD Metro FMR Area5.4%$2,162$2,19060013Chicago-Joliet-Naperville, IL HUD Metro FMR Area11.6%$1,489$2,12060014Chicago-Joliet-Naperville, IL HUD Metro FMR Area19.4%$1,429$1,990

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Illinois research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 60056?

ZIP 60056 (Chicago-Joliet-Naperville, IL HUD Metro FMR Area) has 55,989 residents, 22,107 households, a renter share of 30.0%, median household income of $104,168, and ACS 2023 median gross rent of $1,456. Vacancy is 4.7%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 60056?

ACS counts 191 units in 2-unit buildings, 581 in 3–4 unit buildings, 2,061 in 5–9, 1,994 in 10–19, and 1,654 in 20–49. Combined 2–49 unit stock is 6,481 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 60056?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,040. See the full schedule and 90–110% payment-standard band on the ZIP 60056 — Mount Prospect, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 60056 is Census / HUD research for Chicago-Joliet-Naperville, IL HUD Metro FMR Area. Jeff Crowe CRE does not list Illinois property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.