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Housing market/Illinois/ZIP 60540

ACS 2023 · FY2027 SAFMR

ZIP 60540 Naperville, 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
42,660
Households
15,239
Median HH income
$155,866
Renter share
24.8%
Median gross rent
$1,982
Vacancy
6.2%
Pop. change
-5.4%
2BR SAFMR
$2,700
SAFMR / rent
1.362×
2–49 unit stock
2,567
LIHTC proj / units
1 / 3
HUD assisted MF
3 / 185

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 60540 · IL — sent to you.

ZIP 60540 · IL

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ACS rent vs 2BR SAFMR

ZIP 60540 — Naperville, IL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,982
2BR SAFMR$2,700
90% floor$2,430
110% ceiling$2,970

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

Housing stock

ACS 2023 units-in-structure · ZCTA 60540

  • 1-unit detached10,67465.7%
  • 1-unit attached2,06412.7%
  • 2–4 units6864.2%
  • 5–49 units1,88111.6%
  • 50+ units8775.4%
  • Mobile710.4%
TypeUnitsShare
1-unit detached10,67465.7%
1-unit attached2,06412.7%
2 units (duplex)2081.3%
3–4 units4782.9%
5–9 units9345.7%
10–19 units6303.9%
20–49 units3172.0%
50+ units8775.4%
Mobile710.4%

2–4 unit share 4.2% · 5–49 unit share 11.6% · combined 2–49 15.8%.

Units by bedrooms

Studio
107
1BR
1,527
2BR
2,816
3BR
3,994
4BR
6,262
5+
1,547

Rent burden

Rent ≥30% of income36.2%
Rent ≥50% of income22.5%
  • ACS median gross rent $1,982 (all bedrooms, occupied rentals).
  • Median contract rent $1,751.
  • Renters paying ≥30% of income 36.2%; ≥50% 22.5%.
  • FY2027 2BR SAFMR $2,700 (1.362× ACS median gross rent).

Population

42,660 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -5.4%.

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

Assisted inventory

  • LIHTC: 1 projects, 3 units.
  • HUD project-based assisted MF: 3 properties, 185 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 411 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 60540 24.8% of occupied households are renters; vacancy is 6.2%; ACS median gross rent is $1,982; population changed -5.4% between the 2018 and 2023 ACS vintages; the housing stock includes 686 units in 2–4-unit structures and 1,881 units in 5–49-unit structures; 1 LIHTC projects totaling 3 units; FY2027 2BR SAFMR is $2,700 versus ACS median gross rent of $1,982. 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 60540 is a Census / HUD profile for Chicago-Joliet-Naperville, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 60540 — Naperville, 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 60540?

ZIP 60540 (Chicago-Joliet-Naperville, IL HUD Metro FMR Area) has 42,660 residents, 15,239 households, a renter share of 24.8%, median household income of $155,866, and ACS 2023 median gross rent of $1,982. Vacancy is 6.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 60540?

ACS counts 208 units in 2-unit buildings, 478 in 3–4 unit buildings, 934 in 5–9, 630 in 10–19, and 317 in 20–49. Combined 2–49 unit stock is 2,567 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 60540?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,700. See the full schedule and 90–110% payment-standard band on the ZIP 60540 — Naperville, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 60540 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.