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Housing market/Illinois/ZIP 60649

ACS 2023 · FY2027 SAFMR

ZIP 60649 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
48,720
Households
24,326
Median HH income
$40,142
Renter share
74.9%
Median gross rent
$1,066
Vacancy
13.9%
Pop. change
+5.9%
2BR SAFMR
$1,710
SAFMR / rent
1.604×
2–49 unit stock
18,702
LIHTC proj / units
20 / 2,062
HUD assisted MF
14 / 1,583

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 60649 · IL — sent to you.

ZIP 60649 · IL

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ACS rent vs 2BR SAFMR

ZIP 60649 — Chicago, IL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,066
2BR SAFMR$1,710
90% floor$1,539
110% ceiling$1,881

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

Housing stock

ACS 2023 units-in-structure · ZCTA 60649

  • 1-unit detached3,11711.0%
  • 1-unit attached8713.1%
  • 2–4 units5,55519.7%
  • 5–49 units13,14746.5%
  • 50+ units5,53919.6%
  • Mobile200.1%
TypeUnitsShare
1-unit detached3,11711.0%
1-unit attached8713.1%
2 units (duplex)2,0537.3%
3–4 units3,50212.4%
5–9 units7,23725.6%
10–19 units2,4258.6%
20–49 units3,48512.3%
50+ units5,53919.6%
Mobile200.1%

2–4 unit share 19.7% · 5–49 unit share 46.5% · combined 2–49 66.2%.

Units by bedrooms

Studio
2,604
1BR
8,769
2BR
8,649
3BR
6,044
4BR
1,716
5+
467

Rent burden

Rent ≥30% of income53.1%
Rent ≥50% of income29.8%
  • ACS median gross rent $1,066 (all bedrooms, occupied rentals).
  • Median contract rent $948.
  • Renters paying ≥30% of income 53.1%; ≥50% 29.8%.
  • FY2027 2BR SAFMR $1,710 (1.604× ACS median gross rent).

Population

48,720 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +5.9%.

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

Assisted inventory

  • LIHTC: 20 projects, 2,062 units.
  • HUD project-based assisted MF: 14 properties, 1,583 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 60649 74.9% of occupied households are renters; vacancy is 13.9%; ACS median gross rent is $1,066; population increased +5.9% between the 2018 and 2023 ACS vintages; the housing stock includes 5,555 units in 2–4-unit structures and 13,147 units in 5–49-unit structures; 20 LIHTC projects totaling 2,062 units; FY2027 2BR SAFMR is $1,710 versus ACS median gross rent of $1,066. 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 60649 is a Census / HUD profile for Chicago-Joliet-Naperville, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 60649 — 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 60649?

ZIP 60649 (Chicago-Joliet-Naperville, IL HUD Metro FMR Area) has 48,720 residents, 24,326 households, a renter share of 74.9%, median household income of $40,142, and ACS 2023 median gross rent of $1,066. Vacancy is 13.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 60649?

ACS counts 2,053 units in 2-unit buildings, 3,502 in 3–4 unit buildings, 7,237 in 5–9, 2,425 in 10–19, and 3,485 in 20–49. Combined 2–49 unit stock is 18,702 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 60649?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,710. See the full schedule and 90–110% payment-standard band on the ZIP 60649 — Chicago, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 60649 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.