McHenry County, IL

2024 Fair Market Rents

Tags: 2024 SAFMRS Chicago-Joliet-Naperville, IL HUD Metro FMR Area

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The top four largest cities in McHenry County are Crystal Lake, Woodstock, Lake In The Hills, and Wonder Lake. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does McHenry County use?

McHenry County is determined by the HUD to use Small Area Fair Market Rents. 40th percentile FMRs still exist for this county but they are not used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does McHenry County compare?

McHenry County ($1,714) has a 78.9% higher FMR for 2-Bedroom housing than the average of Illinois ($958) and therefore a higher gross rent.

McHenry County is rank 2nd out of 102 counties. This means the FMRs, or in other words, the gross rent is higher than 100 other counties. McHenry County is the 2nd most expensive county in terms of FMRs.

Rent Tables McHenry County, IL

Fair Market Rent (40th Percentile)

$1,399
studio
$1,507
1-Bedroom
$1,714
2-Bedroom
$2,182
3-Bedroom
$2,583
4-Bedroom

Median Rent (50th Percentile)

$1,519
studio
$1,636
1-Bedroom
$1,861
2-Bedroom
$2,369
3-Bedroom
$2,804
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
60012 $1,930 $2,080 $2,370 $3,020 $3,570
60014 $1,470 $1,580 $1,800 $2,290 $2,710
60034 $1,210 $1,300 $1,480 $1,880 $2,230
60039 $1,400 $1,510 $1,720 $2,190 $2,590
60071 $1,150 $1,240 $1,410 $1,790 $2,120
60072 $1,340 $1,440 $1,640 $2,090 $2,480
60097 $1,330 $1,430 $1,630 $2,080 $2,460
60098 $1,310 $1,420 $1,610 $2,050 $2,430
60156 $1,710 $1,840 $2,090 $2,660 $3,150
60180 $1,380 $1,490 $1,690 $2,150 $2,550
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
60012 $1,737 $1,872 $2,133 $2,718 $3,213
60014 $1,323 $1,422 $1,620 $2,061 $2,439
60034 $1,089 $1,170 $1,332 $1,692 $2,007
60039 $1,260 $1,359 $1,548 $1,971 $2,331
60071 $1,035 $1,116 $1,269 $1,611 $1,908
60072 $1,206 $1,296 $1,476 $1,881 $2,232
60097 $1,197 $1,287 $1,467 $1,872 $2,214
60098 $1,179 $1,278 $1,449 $1,845 $2,187
60156 $1,539 $1,656 $1,881 $2,394 $2,835
60180 $1,242 $1,341 $1,521 $1,935 $2,295
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
60012 $2,123 $2,288 $2,607 $3,322 $3,927
60014 $1,617 $1,738 $1,980 $2,519 $2,981
60034 $1,331 $1,430 $1,628 $2,068 $2,453
60039 $1,540 $1,661 $1,892 $2,409 $2,849
60071 $1,265 $1,364 $1,551 $1,969 $2,332
60072 $1,474 $1,584 $1,804 $2,299 $2,728
60097 $1,463 $1,573 $1,793 $2,288 $2,706
60098 $1,441 $1,562 $1,771 $2,255 $2,673
60156 $1,881 $2,024 $2,299 $2,926 $3,465
60180 $1,518 $1,639 $1,859 $2,365 $2,805

Fair Market Rents on this page apply to the following cities in McHenry County, Illinois: Crystal Lake, Woodstock, Lake In The Hills, Wonder Lake, Richmond, Hebron, Union, and Ringwood.

These Fair Market Rents also apply to the following ZIP codes in McHenry County, Illinois: 60014, 60098, 60156, 60012, 60097, 60071, 60034, 60180, 60072, and 60039.

McHenry County, IL is considered part of the following metro FMR area: CHICAGO-JOLIET-NAPERVILLE, IL HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Cook County, IL, DuPage County, IL, Kane County, IL, Lake County, IL, and Will County, IL.

More on McHenry County, IL

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Fair Market Rents are published by the Department of Housing And Urban Development.