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Housing market/Illinois/ZIP 60659

ACS 2023 · FY2027 SAFMR

ZIP 60659 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
42,008
Households
13,612
Median HH income
$70,033
Renter share
54.5%
Median gross rent
$1,391
Vacancy
7.7%
Pop. change
+2.3%
2BR SAFMR
$2,080
SAFMR / rent
1.495×
2–49 unit stock
10,272
LIHTC proj / units
2 / 201
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 60659 · IL — sent to you.

ZIP 60659 · IL

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ACS rent vs 2BR SAFMR

ZIP 60659 — Chicago, IL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,391
2BR SAFMR$2,080
90% floor$1,872
110% ceiling$2,288

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

Housing stock

ACS 2023 units-in-structure · ZCTA 60659

  • 1-unit detached3,47023.5%
  • 1-unit attached4553.1%
  • 2–4 units6,28542.6%
  • 5–49 units3,98727.0%
  • 50+ units5393.7%
  • Mobile120.1%
TypeUnitsShare
1-unit detached3,47023.5%
1-unit attached4553.1%
2 units (duplex)2,46916.7%
3–4 units3,81625.9%
5–9 units2,10214.3%
10–19 units7475.1%
20–49 units1,1387.7%
50+ units5393.7%
Mobile120.1%

2–4 unit share 42.6% · 5–49 unit share 27.0% · combined 2–49 69.7%.

Units by bedrooms

Studio
332
1BR
2,332
2BR
5,741
3BR
4,897
4BR
1,051
5+
395

Rent burden

Rent ≥30% of income45.2%
Rent ≥50% of income22.4%
  • ACS median gross rent $1,391 (all bedrooms, occupied rentals).
  • Median contract rent $1,239.
  • Renters paying ≥30% of income 45.2%; ≥50% 22.4%.
  • FY2027 2BR SAFMR $2,080 (1.495× ACS median gross rent).

Population

42,008 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.3%.

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

Assisted inventory

  • LIHTC: 2 projects, 201 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 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 60659 54.5% of occupied households are renters; vacancy is 7.7%; ACS median gross rent is $1,391; population increased +2.3% between the 2018 and 2023 ACS vintages; the housing stock includes 6,285 units in 2–4-unit structures and 3,987 units in 5–49-unit structures; 2 LIHTC projects totaling 201 units; FY2027 2BR SAFMR is $2,080 versus ACS median gross rent of $1,391. 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 60659 is a Census / HUD profile for Chicago-Joliet-Naperville, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 60659 — 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 60659?

ZIP 60659 (Chicago-Joliet-Naperville, IL HUD Metro FMR Area) has 42,008 residents, 13,612 households, a renter share of 54.5%, median household income of $70,033, and ACS 2023 median gross rent of $1,391. Vacancy is 7.7%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 60659?

ACS counts 2,469 units in 2-unit buildings, 3,816 in 3–4 unit buildings, 2,102 in 5–9, 747 in 10–19, and 1,138 in 20–49. Combined 2–49 unit stock is 10,272 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 60659?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,080. See the full schedule and 90–110% payment-standard band on the ZIP 60659 — Chicago, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 60659 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.