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FY2017 Hypothetical Small Area FMRs For Kankakee County, IL

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

Kankakee County is part of the Kankakee, IL MSA.

Kankakee County, IL Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
60401 $760 $870 $1,010 $1,290 $1,530 0.933
60424 $570 $680 $900 $1,240 $1,480 0.998
60468 $720 $820 $960 $1,220 $1,450 0.886
60481 $570 $680 $900 $1,240 $1,480 0.998
60901 $530 $630 $840 $1,150 $1,380 0.937
60910 $630 $750 $1,000 $1,370 $1,640 1.115
60913 $580 $690 $920 $1,260 $1,510 1.028
60914 $670 $800 $1,060 $1,460 $1,740 1.177
60915 $550 $650 $860 $1,180 $1,410 0.953
60917 $560 $670 $880 $1,200 $1,450 0.987
60919 $470 $580 $730 $940 $1,210 0.860
60922 $530 $620 $830 $1,140 $1,360 0.928
60935 $570 $680 $900 $1,240 $1,480 0.998
60940 $570 $670 $890 $1,220 $1,450 0.978
60941 $480 $560 $750 $1,030 $1,230 0.834
60950 $590 $700 $930 $1,280 $1,520 1.030
60954 $540 $640 $850 $1,170 $1,390 0.950
60958 $490 $580 $770 $1,060 $1,260 0.852
60961 $860 $1,020 $1,350 $1,860 $2,210 1.521
60964 $460 $550 $730 $1,000 $1,200 0.813
60969 $570 $680 $900 $1,240 $1,480 0.998

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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