Housing market/Illinois/ZIP 60416
ZIP 60416 Coal City, Grundy County, Illinois
Grundy County, 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.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 60416 · IL — sent to you.
ZIP 60416 · IL
ACS rent vs 2BR SAFMR
ZIP 60416 — Coal City, IL HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 60416
- 1-unit detached2,43964.1%
- 1-unit attached53814.1%
- 2–4 units38610.1%
- 5–49 units1544.0%
- Mobile2867.5%
2–4 unit share 10.1% · 5–49 unit share 4.0% · combined 2–49 14.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,074 (all bedrooms, occupied rentals).
- Median contract rent $892.
- Renters paying ≥30% of income 38.5%; ≥50% 14.7%.
- FY2027 2BR SAFMR $1,540 (1.434× ACS median gross rent).
Population
9,277 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +1.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 24 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 52 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 60416 21.4% of occupied households are renters; vacancy is 2.9%; ACS median gross rent is $1,074; population increased +1.2% between the 2018 and 2023 ACS vintages; the housing stock includes 386 units in 2–4-unit structures and 154 units in 5–49-unit structures; 1 LIHTC projects totaling 24 units; FY2027 2BR SAFMR is $1,540 versus ACS median gross rent of $1,074. 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 60416 is a Census / HUD profile for Grundy County, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 60416 — Coal City, IL HUD Section 8 Payment Standards / SAFMR·Illinois ZIP directory
Nearby ZIPs in this FMR area
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 60416?
ZIP 60416 (Grundy County, IL HUD Metro FMR Area) has 9,277 residents, 3,693 households, a renter share of 21.4%, median household income of $71,865, and ACS 2023 median gross rent of $1,074. Vacancy is 2.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 60416?
ACS counts 122 units in 2-unit buildings, 264 in 3–4 unit buildings, 140 in 5–9, 14 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 540 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 60416?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,540. See the full schedule and 90–110% payment-standard band on the ZIP 60416 — Coal City, IL HUD Section 8 Payment Standards / SAFMR.
Does this Illinois ZIP profile include Georgia listings?
No. ZIP 60416 is Census / HUD research for Grundy County, 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.