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Housing market/Illinois/ZIP 60118

ACS 2023 · FY2027 SAFMR

ZIP 60118 Dundee, 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
15,692
Households
6,343
Median HH income
$104,572
Renter share
30.3%
Median gross rent
$1,532
Vacancy
1.3%
Pop. change
-0.9%
2BR SAFMR
$2,090
SAFMR / rent
1.364×
2–49 unit stock
1,378
LIHTC proj / units
4 / 285
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 60118 · IL — sent to you.

ZIP 60118 · IL

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ACS rent vs 2BR SAFMR

ZIP 60118 — Dundee, IL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,532
2BR SAFMR$2,090
90% floor$1,881
110% ceiling$2,299

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

Housing stock

ACS 2023 units-in-structure · ZCTA 60118

  • 1-unit detached4,17965.0%
  • 1-unit attached5658.8%
  • 2–4 units3645.7%
  • 5–49 units1,01415.8%
  • 50+ units3064.8%
TypeUnitsShare
1-unit detached4,17965.0%
1-unit attached5658.8%
2 units (duplex)1522.4%
3–4 units2123.3%
5–9 units1943.0%
10–19 units5608.7%
20–49 units2604.0%
50+ units3064.8%
Mobile00.0%

2–4 unit share 5.7% · 5–49 unit share 15.8% · combined 2–49 21.4%.

Units by bedrooms

Studio
35
1BR
607
2BR
1,582
3BR
1,666
4BR
2,017
5+
521

Rent burden

Rent ≥30% of income46.5%
Rent ≥50% of income21.5%
  • ACS median gross rent $1,532 (all bedrooms, occupied rentals).
  • Median contract rent $1,322.
  • Renters paying ≥30% of income 46.5%; ≥50% 21.5%.
  • FY2027 2BR SAFMR $2,090 (1.364× ACS median gross rent).

Population

15,692 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -0.9%.

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

Assisted inventory

  • LIHTC: 4 projects, 285 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 161 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 60118 30.3% of occupied households are renters; vacancy is 1.3%; ACS median gross rent is $1,532; population changed -0.9% between the 2018 and 2023 ACS vintages; the housing stock includes 364 units in 2–4-unit structures and 1,014 units in 5–49-unit structures; 4 LIHTC projects totaling 285 units; FY2027 2BR SAFMR is $2,090 versus ACS median gross rent of $1,532. 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 60118 is a Census / HUD profile for Chicago-Joliet-Naperville, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 60118 — Dundee, 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 60118?

ZIP 60118 (Chicago-Joliet-Naperville, IL HUD Metro FMR Area) has 15,692 residents, 6,343 households, a renter share of 30.3%, median household income of $104,572, and ACS 2023 median gross rent of $1,532. Vacancy is 1.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 60118?

ACS counts 152 units in 2-unit buildings, 212 in 3–4 unit buildings, 194 in 5–9, 560 in 10–19, and 260 in 20–49. Combined 2–49 unit stock is 1,378 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 60118?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,090. See the full schedule and 90–110% payment-standard band on the ZIP 60118 — Dundee, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 60118 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.