JeffCroweCRE

Housing market/Illinois/ZIP 60506

ACS 2023 · FY2027 SAFMR

ZIP 60506 Aurora, Kendall County, Illinois

Kendall 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.

Population
49,886
Households
17,681
Median HH income
$76,105
Renter share
32.8%
Median gross rent
$1,305
Vacancy
2.9%
Pop. change
-8.0%
2BR SAFMR
$1,830
SAFMR / rent
1.402×
2–49 unit stock
3,525
LIHTC proj / units
4 / 262
HUD assisted MF
6 / 334

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 60506 · IL — sent to you.

ZIP 60506 · IL

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ACS rent vs 2BR SAFMR

ZIP 60506 — Aurora, IL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,305
2BR SAFMR$1,830
90% floor$1,647
110% ceiling$2,013

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

Housing stock

ACS 2023 units-in-structure · ZCTA 60506

  • 1-unit detached12,36467.9%
  • 1-unit attached1,3257.3%
  • 2–4 units1,4518.0%
  • 5–49 units2,07411.4%
  • 50+ units9215.1%
  • Mobile690.4%
TypeUnitsShare
1-unit detached12,36467.9%
1-unit attached1,3257.3%
2 units (duplex)6613.6%
3–4 units7904.3%
5–9 units7794.3%
10–19 units5533.0%
20–49 units7424.1%
50+ units9215.1%
Mobile690.4%

2–4 unit share 8.0% · 5–49 unit share 11.4% · combined 2–49 19.4%.

Units by bedrooms

Studio
393
1BR
1,906
2BR
4,214
3BR
7,870
4BR
3,166
5+
655

Rent burden

Rent ≥30% of income46.8%
Rent ≥50% of income22.7%
  • ACS median gross rent $1,305 (all bedrooms, occupied rentals).
  • Median contract rent $1,132.
  • Renters paying ≥30% of income 46.8%; ≥50% 22.7%.
  • FY2027 2BR SAFMR $1,830 (1.402× ACS median gross rent).

Population

49,886 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -8.0%.

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

Assisted inventory

  • LIHTC: 4 projects, 262 units.
  • HUD project-based assisted MF: 6 properties, 334 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 161 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 60506 32.8% of occupied households are renters; vacancy is 2.9%; ACS median gross rent is $1,305; population changed -8.0% between the 2018 and 2023 ACS vintages; the housing stock includes 1,451 units in 2–4-unit structures and 2,074 units in 5–49-unit structures; 4 LIHTC projects totaling 262 units; FY2027 2BR SAFMR is $1,830 versus ACS median gross rent of $1,305. 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 60506 is a Census / HUD profile for Kendall County, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 60506 — Aurora, IL HUD Section 8 Payment Standards / SAFMR·Illinois ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
60431Kendall County, IL HUD Metro FMR Area8.9%$1,408$1,95060447Kendall County, IL HUD Metro FMR Area9.3%$1,525$2,01060450Kendall County, IL HUD Metro FMR Area34.9%$1,122$1,85060503Kendall County, IL HUD Metro FMR Area9.4%$2,222$2,91060504Kendall County, IL HUD Metro FMR Area38.6%$1,861$2,70060511Kendall County, IL HUD Metro FMR Area8.0%$1,494$1,99060512Kendall County, IL HUD Metro FMR Area26.8%—$2,14060536Kendall County, IL HUD Metro FMR Area21.4%$1,100$1,85060538Kendall County, IL HUD Metro FMR Area20.5%$1,845$2,41060543Kendall County, IL HUD Metro FMR Area13.8%$1,558$2,09060544Kendall County, IL HUD Metro FMR Area14.4%$1,809$2,70060545Kendall County, IL HUD Metro FMR Area23.6%$1,571$2,120

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 60506?

ZIP 60506 (Kendall County, IL HUD Metro FMR Area) has 49,886 residents, 17,681 households, a renter share of 32.8%, median household income of $76,105, and ACS 2023 median gross rent of $1,305. Vacancy is 2.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 60506?

ACS counts 661 units in 2-unit buildings, 790 in 3–4 unit buildings, 779 in 5–9, 553 in 10–19, and 742 in 20–49. Combined 2–49 unit stock is 3,525 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 60506?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,830. See the full schedule and 90–110% payment-standard band on the ZIP 60506 — Aurora, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 60506 is Census / HUD research for Kendall 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.