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Housing market/Illinois/ZIP 60643

ACS 2023 · FY2027 SAFMR

ZIP 60643 Chicago, 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
47,802
Households
18,289
Median HH income
$83,015
Renter share
26.8%
Median gross rent
$1,359
Vacancy
6.4%
Pop. change
-4.2%
2BR SAFMR
$1,880
SAFMR / rent
1.383×
2–49 unit stock
3,205
LIHTC proj / units
2 / 155
HUD assisted MF
2 / 242

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 60643 · IL — sent to you.

ZIP 60643 · IL

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ACS rent vs 2BR SAFMR

ZIP 60643 — Chicago, IL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,359
2BR SAFMR$1,880
90% floor$1,692
110% ceiling$2,068

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

Housing stock

ACS 2023 units-in-structure · ZCTA 60643

  • 1-unit detached14,69275.2%
  • 1-unit attached9654.9%
  • 2–4 units1,9049.7%
  • 5–49 units1,3016.7%
  • 50+ units6423.3%
  • Mobile370.2%
TypeUnitsShare
1-unit detached14,69275.2%
1-unit attached9654.9%
2 units (duplex)1,0955.6%
3–4 units8094.1%
5–9 units5933.0%
10–19 units4552.3%
20–49 units2531.3%
50+ units6423.3%
Mobile370.2%

2–4 unit share 9.7% · 5–49 unit share 6.7% · combined 2–49 16.4%.

Units by bedrooms

Studio
116
1BR
1,375
2BR
3,617
3BR
8,652
4BR
4,216
5+
1,565

Rent burden

Rent ≥30% of income51.1%
Rent ≥50% of income30.6%
  • ACS median gross rent $1,359 (all bedrooms, occupied rentals).
  • Median contract rent $1,147.
  • Renters paying ≥30% of income 51.1%; ≥50% 30.6%.
  • FY2027 2BR SAFMR $1,880 (1.383× ACS median gross rent).

Population

47,802 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -4.2%.

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

Assisted inventory

  • LIHTC: 2 projects, 155 units.
  • HUD project-based assisted MF: 2 properties, 242 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 60643 26.8% of occupied households are renters; vacancy is 6.4%; ACS median gross rent is $1,359; population changed -4.2% between the 2018 and 2023 ACS vintages; the housing stock includes 1,904 units in 2–4-unit structures and 1,301 units in 5–49-unit structures; 2 LIHTC projects totaling 155 units; FY2027 2BR SAFMR is $1,880 versus ACS median gross rent of $1,359. 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 60643 is a Census / HUD profile for Chicago-Joliet-Naperville, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 60643 — Chicago, 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 60643?

ZIP 60643 (Chicago-Joliet-Naperville, IL HUD Metro FMR Area) has 47,802 residents, 18,289 households, a renter share of 26.8%, median household income of $83,015, and ACS 2023 median gross rent of $1,359. Vacancy is 6.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 60643?

ACS counts 1,095 units in 2-unit buildings, 809 in 3–4 unit buildings, 593 in 5–9, 455 in 10–19, and 253 in 20–49. Combined 2–49 unit stock is 3,205 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 60643?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,880. See the full schedule and 90–110% payment-standard band on the ZIP 60643 — Chicago, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 60643 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.