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Housing market/Illinois/ZIP 60827

ACS 2023 · FY2027 SAFMR

ZIP 60827 Riverdale, 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
24,887
Households
9,372
Median HH income
$37,648
Renter share
58.7%
Median gross rent
$1,044
Vacancy
18.4%
Pop. change
-12.9%
2BR SAFMR
$1,610
SAFMR / rent
1.542×
2–49 unit stock
3,854
LIHTC proj / units
5 / 890
HUD assisted MF
2 / 322

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 60827 · IL — sent to you.

ZIP 60827 · IL

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ACS rent vs 2BR SAFMR

ZIP 60827 — Riverdale, IL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,044
2BR SAFMR$1,610
90% floor$1,449
110% ceiling$1,771

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

Housing stock

ACS 2023 units-in-structure · ZCTA 60827

  • 1-unit detached5,38646.9%
  • 1-unit attached1,92216.7%
  • 2–4 units1,0038.7%
  • 5–49 units2,85124.8%
  • 50+ units1941.7%
  • Mobile1251.1%
TypeUnitsShare
1-unit detached5,38646.9%
1-unit attached1,92216.7%
2 units (duplex)3082.7%
3–4 units6956.1%
5–9 units1,79615.6%
10–19 units7896.9%
20–49 units2662.3%
50+ units1941.7%
Mobile1251.1%

2–4 unit share 8.7% · 5–49 unit share 24.8% · combined 2–49 33.6%.

Units by bedrooms

Studio
340
1BR
1,673
2BR
3,777
3BR
4,194
4BR
1,441
5+
56

Rent burden

Rent ≥30% of income49.2%
Rent ≥50% of income30.2%
  • ACS median gross rent $1,044 (all bedrooms, occupied rentals).
  • Median contract rent $905.
  • Renters paying ≥30% of income 49.2%; ≥50% 30.2%.
  • FY2027 2BR SAFMR $1,610 (1.542× ACS median gross rent).

Population

24,887 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -12.9%.

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

Assisted inventory

  • LIHTC: 5 projects, 890 units.
  • HUD project-based assisted MF: 2 properties, 322 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 60827 58.7% of occupied households are renters; vacancy is 18.4%; ACS median gross rent is $1,044; population changed -12.9% between the 2018 and 2023 ACS vintages; the housing stock includes 1,003 units in 2–4-unit structures and 2,851 units in 5–49-unit structures; 5 LIHTC projects totaling 890 units; FY2027 2BR SAFMR is $1,610 versus ACS median gross rent of $1,044. 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 60827 is a Census / HUD profile for Chicago-Joliet-Naperville, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 60827 — Riverdale, 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 60827?

ZIP 60827 (Chicago-Joliet-Naperville, IL HUD Metro FMR Area) has 24,887 residents, 9,372 households, a renter share of 58.7%, median household income of $37,648, and ACS 2023 median gross rent of $1,044. Vacancy is 18.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 60827?

ACS counts 308 units in 2-unit buildings, 695 in 3–4 unit buildings, 1,796 in 5–9, 789 in 10–19, and 266 in 20–49. Combined 2–49 unit stock is 3,854 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 60827?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,610. See the full schedule and 90–110% payment-standard band on the ZIP 60827 — Riverdale, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 60827 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.