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Housing market/Illinois/ZIP 60654

ACS 2023 · FY2027 SAFMR

ZIP 60654 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
24,303
Households
15,955
Median HH income
$144,831
Renter share
65.6%
Median gross rent
$2,571
Vacancy
11.2%
Pop. change
+27.0%
2BR SAFMR
$3,020
SAFMR / rent
1.175×
2–49 unit stock
1,578
LIHTC proj / units
—
HUD assisted MF
2 / 177

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 60654 · IL — sent to you.

ZIP 60654 · IL

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ACS rent vs 2BR SAFMR

ZIP 60654 — Chicago, IL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,571
2BR SAFMR$3,020
90% floor$2,718
110% ceiling$3,322

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

Housing stock

ACS 2023 units-in-structure · ZCTA 60654

  • 1-unit detached3301.8%
  • 1-unit attached1080.6%
  • 2–4 units3281.8%
  • 5–49 units1,2507.0%
  • 50+ units15,94488.8%
TypeUnitsShare
1-unit detached3301.8%
1-unit attached1080.6%
2 units (duplex)2201.2%
3–4 units1080.6%
5–9 units3111.7%
10–19 units1630.9%
20–49 units7764.3%
50+ units15,94488.8%
Mobile00.0%

2–4 unit share 1.8% · 5–49 unit share 7.0% · combined 2–49 8.8%.

Units by bedrooms

Studio
2,771
1BR
7,403
2BR
6,229
3BR
1,218
4BR
250
5+
89

Rent burden

Rent ≥30% of income30.4%
Rent ≥50% of income14.3%
  • ACS median gross rent $2,571 (all bedrooms, occupied rentals).
  • Median contract rent $2,496.
  • Renters paying ≥30% of income 30.4%; ≥50% 14.3%.
  • FY2027 2BR SAFMR $3,020 (1.175× ACS median gross rent).

Population

24,303 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +27.0%.

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

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: 2 properties, 177 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 60654 65.6% of occupied households are renters; vacancy is 11.2%; ACS median gross rent is $2,571; population increased +27.0% between the 2018 and 2023 ACS vintages; the housing stock includes 328 units in 2–4-unit structures and 1,250 units in 5–49-unit structures; FY2027 2BR SAFMR is $3,020 versus ACS median gross rent of $2,571. 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 60654 is a Census / HUD profile for Chicago-Joliet-Naperville, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 60654 — 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 60654?

ZIP 60654 (Chicago-Joliet-Naperville, IL HUD Metro FMR Area) has 24,303 residents, 15,955 households, a renter share of 65.6%, median household income of $144,831, and ACS 2023 median gross rent of $2,571. Vacancy is 11.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 60654?

ACS counts 220 units in 2-unit buildings, 108 in 3–4 unit buildings, 311 in 5–9, 163 in 10–19, and 776 in 20–49. Combined 2–49 unit stock is 1,578 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 60654?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,020. See the full schedule and 90–110% payment-standard band on the ZIP 60654 — Chicago, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 60654 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.