Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 60616, Illinois?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 60616, Illinois (ZIP 60616) is $1,342/month (±$60), based on Census ACS 5-Year estimates (2024). The median home value is $387,200 (±$12,744), and the median household income is $73,819/year. The unemployment rate in Cook County, Illinois was 5.3% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 60616
| Metric | Value |
|---|---|
| Median Gross Rent | $1,342 |
| Median Home Value | $387,200 |
| Median Household Income | $73,819 |
| Total Housing Units | 25,623 |
| Renter-Occupied Units | 15,508 |
| Renter-Occupied Share | 61% |
| Households Paying 50%+ Income | 3,264 households |
| Unemployment Rate(April 2026) | 5.3% |
How does ZIP 60616 compare?
Median gross rent ranked against all ZIP codes in Illinois.
Higher rent than 80% of ZIP codes in Illinois · 231th of 1173
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 60712 | $3,501 |
| 1 | ZCTA5 60461 | $3,501 |
| 1 | ZCTA5 60184 | $3,501 |
| … 227 more … | ||
| 231 | ZCTA5 60616(you are here) | $1,342 |
| … 939 more … | ||
| 1171 | ZCTA5 62459 | $283 |
| 1172 | ZCTA5 62931 | $246 |
| 1173 | ZCTA5 62921 | $99 |
Geography
ZIP 60616 is in Cook County, Illinois.
It covers part of Chicago city, Illinois.
More data for ZCTA5 60616
Browse by State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Frequently asked questions
What is the average rent in ZCTA5 60616, Illinois?
The median gross rent in ZCTA5 60616, Illinois (ZIP 60616) is $1,342/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 60616, Illinois?
The median rent for a 2-bedroom in ZCTA5 60616, 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 60616, Illinois?
The median home value in ZCTA5 60616, Illinois (ZIP 60616) is $387,200 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 60616 are rent-burdened?
In ZCTA5 60616, Illinois, 3,264 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 60616, Illinois?
The median household income in ZCTA5 60616, Illinois is $73,819/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 $1,342 has a margin of error of ±$60. In very small areas, MOEs can be large relative to the estimate.
Managing rental properties?
Tenanture helps property managers reply to every inbound lead, qualify applicants against your rules, and handle tenant inquiries automatically.
Get started free