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FY2017 Hypothetical Small Area FMRs For Lake 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.

Lake County is part of the Chicago-Naperville-Elgin, IL-IN-WI MSA.

Lake County, IL Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
60002 $760 $870 $1,010 $1,290 $1,530 0.928
60010 $1,220 $1,400 $1,630 $2,080 $2,460 1.520
60013 $910 $1,050 $1,220 $1,550 $1,840 1.121
60015 $1,220 $1,400 $1,630 $2,080 $2,460 1.572
60020 $820 $950 $1,100 $1,400 $1,660 1.010
60021 $790 $900 $1,050 $1,340 $1,590 0.965
60030 $880 $1,010 $1,170 $1,490 $1,770 1.073
60031 $940 $1,070 $1,250 $1,590 $1,890 1.152
60035 $1,220 $1,400 $1,630 $2,080 $2,460 1.520
60040 $1,020 $1,170 $1,360 $1,730 $2,060 1.248
60041 $840 $960 $1,120 $1,430 $1,690 1.032
60042 $1,030 $1,180 $1,370 $1,750 $2,070 1.264
60044 $1,040 $1,190 $1,390 $1,770 $2,100 1.279
60045 $1,210 $1,390 $1,620 $2,060 $2,450 1.485
60046 $940 $1,080 $1,260 $1,610 $1,900 1.158
60047 $1,160 $1,330 $1,550 $1,980 $2,340 1.427
60048 $940 $1,070 $1,250 $1,590 $1,890 1.153
60050 $850 $970 $1,130 $1,440 $1,710 1.040
60051 $970 $1,110 $1,290 $1,640 $1,950 1.181
60060 $910 $1,040 $1,210 $1,540 $1,830 1.111
60061 $1,070 $1,230 $1,430 $1,820 $2,160 1.311
60064 $730 $840 $980 $1,250 $1,480 0.905
60069 $1,220 $1,400 $1,630 $2,080 $2,460 1.750
60073 $920 $1,060 $1,230 $1,570 $1,860 1.129
60074 $890 $1,020 $1,190 $1,520 $1,800 1.093
60079 $870 $1,000 $1,160 $1,480 $1,750 1.067
60081 $940 $1,070 $1,250 $1,590 $1,890 1.153
60083 $1,220 $1,400 $1,630 $2,080 $2,460 1.594
60084 $820 $940 $1,090 $1,390 $1,650 1.000
60085 $710 $820 $950 $1,210 $1,440 0.877
60087 $770 $890 $1,030 $1,310 $1,560 0.947
60088 $1,180 $1,350 $1,570 $2,000 $2,370 1.446
60089 $1,040 $1,190 $1,390 $1,770 $2,100 1.276
60096 $940 $1,070 $1,250 $1,590 $1,890 1.146
60099 $760 $870 $1,010 $1,290 $1,530 0.926

* 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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