Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 60516, Illinois?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 60516, Illinois (ZIP 60516) is $1,676/month (±$101), based on Census ACS 5-Year estimates (2024). The median home value is $441,100 (±$10,545), and the median household income is $115,480/year. The unemployment rate in DuPage County, Illinois was 4.2% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 60516
| Metric | Value |
|---|---|
| Median Gross Rent | $1,676 |
| Median Home Value | $441,100 |
| Median Household Income | $115,480 |
| Total Housing Units | 11,227 |
| Renter-Occupied Units | 2,365 |
| Renter-Occupied Share | 21% |
| Households Paying 50%+ Income | 384 households |
| Unemployment Rate(April 2026) | 4.2% |
How does ZIP 60516 compare?
Median gross rent ranked against all ZIP codes in Illinois.
Higher rent than 91% of ZIP codes in Illinois · 102nd of 1173
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 60712 | $3,501 |
| 1 | ZCTA5 60461 | $3,501 |
| 1 | ZCTA5 60184 | $3,501 |
| … 98 more … | ||
| 102 | ZCTA5 60516(you are here) | $1,676 |
| … 1068 more … | ||
| 1171 | ZCTA5 62459 | $283 |
| 1172 | ZCTA5 62931 | $246 |
| 1173 | ZCTA5 62921 | $99 |
Geography
ZIP 60516 is in DuPage County, Illinois.
It covers part of Downers Grove village city, Illinois.
More data for ZCTA5 60516
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Frequently asked questions
What is the average rent in ZCTA5 60516, Illinois?
The median gross rent in ZCTA5 60516, Illinois (ZIP 60516) is $1,676/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 60516, Illinois?
The median rent for a 2-bedroom in ZCTA5 60516, Illinois is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 60516, Illinois?
The median home value in ZCTA5 60516, Illinois (ZIP 60516) is $441,100 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 60516 are rent-burdened?
In ZCTA5 60516, Illinois, 384 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 60516, Illinois?
The median household income in ZCTA5 60516, Illinois is $115,480/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,676 has a margin of error of ±$101. In very small areas, MOEs can be large relative to the estimate.
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