JeffCroweCRE

Housing market/Illinois/ZIP 60607

ACS 2023 · FY2027 SAFMR

ZIP 60607 Chicago, 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
30,197
Households
15,037
Median HH income
$126,307
Renter share
58.4%
Median gross rent
$2,333
Vacancy
9.1%
Pop. change
+2.1%
2BR SAFMR
$3,020
SAFMR / rent
1.294×
2–49 unit stock
5,685
LIHTC proj / units
6 / 964
HUD assisted MF
5 / 631

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 60607 · IL — sent to you.

ZIP 60607 · IL

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 60607 — Chicago, IL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,333
2BR SAFMR$3,020
90% floor$2,718
110% ceiling$3,322

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

Housing stock

ACS 2023 units-in-structure · ZCTA 60607

  • 1-unit detached3572.2%
  • 1-unit attached8545.2%
  • 2–4 units1,94311.7%
  • 5–49 units3,74222.6%
  • 50+ units9,64458.3%
TypeUnitsShare
1-unit detached3572.2%
1-unit attached8545.2%
2 units (duplex)7994.8%
3–4 units1,1446.9%
5–9 units1,4528.8%
10–19 units5203.1%
20–49 units1,77010.7%
50+ units9,64458.3%
Mobile00.0%

2–4 unit share 11.7% · 5–49 unit share 22.6% · combined 2–49 34.4%.

Units by bedrooms

Studio
1,716
1BR
5,129
2BR
6,431
3BR
2,499
4BR
575
5+
190

Rent burden

Rent ≥30% of income39.7%
Rent ≥50% of income19.9%
  • ACS median gross rent $2,333 (all bedrooms, occupied rentals).
  • Median contract rent $2,281.
  • Renters paying ≥30% of income 39.7%; ≥50% 19.9%.
  • FY2027 2BR SAFMR $3,020 (1.294× ACS median gross rent).

Population

30,197 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.1%.

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

Assisted inventory

  • LIHTC: 6 projects, 964 units.
  • HUD project-based assisted MF: 5 properties, 631 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 3,088 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 60607 58.4% of occupied households are renters; vacancy is 9.1%; ACS median gross rent is $2,333; population increased +2.1% between the 2018 and 2023 ACS vintages; the housing stock includes 1,943 units in 2–4-unit structures and 3,742 units in 5–49-unit structures; 6 LIHTC projects totaling 964 units; FY2027 2BR SAFMR is $3,020 versus ACS median gross rent of $2,333. 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 60607 is a Census / HUD profile for Chicago-Joliet-Naperville, IL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 60607 — Chicago, 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 60607?

ZIP 60607 (Chicago-Joliet-Naperville, IL HUD Metro FMR Area) has 30,197 residents, 15,037 households, a renter share of 58.4%, median household income of $126,307, and ACS 2023 median gross rent of $2,333. Vacancy is 9.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 60607?

ACS counts 799 units in 2-unit buildings, 1,144 in 3–4 unit buildings, 1,452 in 5–9, 520 in 10–19, and 1,770 in 20–49. Combined 2–49 unit stock is 5,685 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 60607?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,020. See the full schedule and 90–110% payment-standard band on the ZIP 60607 — Chicago, IL HUD Section 8 Payment Standards / SAFMR.

Does this Illinois ZIP profile include Georgia listings?

No. ZIP 60607 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.