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Housing market/Illinois/ZIP 60477

ACS 2023 · FY2027 SAFMR

ZIP 60477 Tinley Park, 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
36,393
Households
15,442
Median HH income
$93,862
Renter share
17.1%
Median gross rent
$1,485
Vacancy
5.0%
Pop. change
-4.0%
2BR SAFMR
$2,010
SAFMR / rent
1.354×
2–49 unit stock
4,151
LIHTC proj / units
—
HUD assisted MF
1 / 106

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 60477 · IL — sent to you.

ZIP 60477 · IL

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ACS rent vs 2BR SAFMR

ZIP 60477 — Tinley Park, IL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,485
2BR SAFMR$2,010
90% floor$1,809
110% ceiling$2,211

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

Housing stock

ACS 2023 units-in-structure · ZCTA 60477

  • 1-unit detached8,38851.6%
  • 1-unit attached3,15119.4%
  • 2–4 units1,0986.8%
  • 5–49 units3,05318.8%
  • 50+ units5713.5%
TypeUnitsShare
1-unit detached8,38851.6%
1-unit attached3,15119.4%
2 units (duplex)1591.0%
3–4 units9395.8%
5–9 units9756.0%
10–19 units1,95212.0%
20–49 units1260.8%
50+ units5713.5%
Mobile00.0%

2–4 unit share 6.8% · 5–49 unit share 18.8% · combined 2–49 25.5%.

Units by bedrooms

Studio
171
1BR
950
2BR
5,797
3BR
7,212
4BR
1,647
5+
484

Rent burden

Rent ≥30% of income45.3%
Rent ≥50% of income26.8%
  • ACS median gross rent $1,485 (all bedrooms, occupied rentals).
  • Median contract rent $1,378.
  • Renters paying ≥30% of income 45.3%; ≥50% 26.8%.
  • FY2027 2BR SAFMR $2,010 (1.354× ACS median gross rent).

Population

36,393 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -4.0%.

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

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: 1 properties, 106 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 3,089 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 60477 17.1% of occupied households are renters; vacancy is 5.0%; ACS median gross rent is $1,485; population changed -4.0% between the 2018 and 2023 ACS vintages; the housing stock includes 1,098 units in 2–4-unit structures and 3,053 units in 5–49-unit structures; FY2027 2BR SAFMR is $2,010 versus ACS median gross rent of $1,485. 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 60477 is a Census / HUD profile for Chicago-Joliet-Naperville, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 60477 — Tinley Park, 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 60477?

ZIP 60477 (Chicago-Joliet-Naperville, IL HUD Metro FMR Area) has 36,393 residents, 15,442 households, a renter share of 17.1%, median household income of $93,862, and ACS 2023 median gross rent of $1,485. Vacancy is 5.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 60477?

ACS counts 159 units in 2-unit buildings, 939 in 3–4 unit buildings, 975 in 5–9, 1,952 in 10–19, and 126 in 20–49. Combined 2–49 unit stock is 4,151 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 60477?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,010. See the full schedule and 90–110% payment-standard band on the ZIP 60477 — Tinley Park, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 60477 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.