The five-digit label 60613 is both Zillow’s ZIP market identifier and a matched Census ZCTA; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. In June 2026, Zillow ZORI for this ZIP was $2,510 per month. ZORI is a typical observed asking-rent index blended across rental types, so it is a current market signal rather than the rent paid by every tenant or the price of a specified bedroom count. The central tension is that the current asking-rent benchmark is elevated against older occupied-home survey rent measures, while its recent history has remained upward rather than retreating.
The matched ACS five-year survey reports median gross rent of $1,705 for occupied renter homes, 47.2% below ZIP ZORI. That difference should not be read as a disagreement between two like-for-like rent quotes: ACS gross rent is a survey measure for occupied renter homes and includes selected utilities, whereas Zillow tracks asking rents. A 30% required-income screen applied to the ZORI produces $100,400 annually, compared with ACS median household income of $95,572; that arithmetic equals a 31.5% asking-rent-to-income screen. It is not advice or an applicant qualification rule. Separately, 37.2% of surveyed renter households reported spending at least 30% of income on rent, a burden measure that cannot establish affordability for any particular unit.
The bedroom view is a modelled ZIP ladder, not measured bedroom rent: $2,082 for a studio, $2,225 for one bedroom, $2,510 for two bedrooms, $3,233 for three bedrooms, and $3,736 for four bedrooms. These modelled estimates scale the ZIP-wide ZORI with the local HUD ladder. HUD FMR or SAFMR is an administrative, bedroom-specific standard rather than asking rent, so it supplies the proportional structure for the estimates but does not verify market quotes at those bedroom levels. This distinction matters most when a reader is comparing a particular listing’s layout, utility treatment, lease term, or concessions with the ZIP-wide index.
The ACS housing picture contains 31,864 units and is renter-led, with renters occupying 61.5% of occupied homes. Large multifamily buildings are a substantial component of the recorded stock, which is relevant context for interpreting a blended rental index across property types. The census-style vacancy rate is 7.9%, and 805 units were classified as vacant and for rent. Those figures describe the surveyed housing inventory rather than live listing availability, pricing, condition, or unit size. Neither vacancy classifications nor renter burden demonstrate that a specific advertised apartment is available, comparable, or affordable to a particular household.
Broader rent context runs below the ZIP’s asking-rent index: the Chicago city context Zillow rent is $2,408.80, the Cook County context Zillow rent is $2,336, and the Chicago-Naperville-Elgin, IL-IN-WI metro context Zillow rent is $2,275. These are wider-geography context values, not substitutes for the direct ZIP observation. The city, county, and metro figures can frame the ZIP’s relative asking-rent level, but they combine homes and rental conditions outside 60613. They also should not be blended with the ACS occupied-renter survey or HUD administrative standards to create a single supposedly observed market rent.
Backward-looking Zillow history supports the stable-growth classification, though the latest pace is stronger than the longer path. Exact same-month annualized changes were 8.0% over one year, 6.8% over three years, and 7.6% over five years. Thus, recent direction confirms the longer upward path rather than breaking from it, while exceeding the medium- and long-horizon rates. History has full coverage across the available series. Month-to-month rent-return variability annualized to 1.8%, which supports somewhat greater confidence in the current index than a highly erratic series would; separately, the deepest observed decline was a 5.3% maximum drawdown, showing that the historical path was not uninterrupted. Transparent national discovery ranks among history-eligible ZIPs were 62 for momentum, 53 for stability, and 2 for the balanced score; these are descriptive ranks, not forecasts or investment recommendations.
Redfin’s direct rolling-three-month 60613 resale observation belongs entirely to the for-sale market, not rental transactions. Median sold price was $399,910, up 2.9% year over year, with 300 homes sold and a median marketing time of 42 days. The same resale record showed 466 active listings, inventory of 156 homes, and 1.6 months of supply. Its sale-to-list signals were an average 103.5% sale-to-list ratio, 55.5% of homes sold above list, and 58.1% going off market quickly. Limited supply and above-list outcomes sit alongside resale price growth, but the slower 2.9% resale-price change is a tension with the ZIP’s 8.0% one-year asking-rent change. Annualized ZIP ZORI divided by median sold price is a 7.5% cross-source screening ratio only, not a cap rate, net return, expected return, or property yield.
The evidence is strongest as a set of separate screens, not as a unit-level conclusion. ZORI is a blended asking-rent index; ACS is a multiyear survey of occupied homes; HUD is an administrative standard; and Redfin measures ZIP resale activity. Historical stability improves confidence that the current asking-rent snapshot is not merely an isolated monthly swing, but it does not convert the snapshot into a forecast. Concrete property-level checks should establish the live asking rent, bedroom count, exact property type, lease duration, included utilities, concessions, unit availability, and whether a listing’s stated price is a true effective rent. The unresolved decision question is whether a specific unit’s documented terms resemble the relevant modelled bedroom estimate and current asking-rent index without treating any broader measure as proof about that unit.
","findings":[{"body":"ZIP ZORI is $2,510, while ACS median gross rent is $1,705. The gap is decision-relevant, but it is not a direct comparison of identical units or transactions. Zillow measures a typical asking-rent index across rental types, whereas ACS is a five-year survey of occupied renter homes and includes selected utilities. The difference therefore signals source and timing separation as well as rent-level separation.","title":"Asking rent sits above occupied-home survey rent"},{"body":"Same-month rent changes were positive over one, three, and five years, with the latest one-year pace above both longer horizons. Low annualized monthly variability makes the current ZORI snapshot less dependent on a single volatile month, while the recorded maximum drawdown shows that previous declines still occurred. These are backward-looking measurements, not a projection of future rent movement.","title":"Recent rent growth is higher than its longer-run pace"},{"body":"The direct ZIP resale data show a positive sold-price change, limited months of supply, above-list sales, and a substantial share of homes leaving the market quickly. Those signals describe for-sale liquidity and pricing behavior only. The rent-to-price figure is simply annualized ZORI divided by median sold price, making it useful as a cross-source screen but unsuitable as a property yield, cap rate, or return measure.","title":"Resale conditions are active but should not be treated as rental evidence"},{"body":"Renters represent a majority of occupied homes in the matched ZCTA, and the housing stock includes a meaningful large-multifamily component. Yet the vacancy and rent-burden statistics remain aggregate survey evidence. They cannot identify the availability, condition, utility package, concession, lease terms, or affordability of a particular apartment. A current listing must be checked on its own documented terms.","title":"Renter concentration does not resolve unit-level affordability"}],"risks":["Zillow asking rent, ACS gross rent, HUD standards, and Redfin resale outcomes cover different populations, periods, and transaction types; combining them as if they were direct comparable rents can materially misstate the decision context.","The ACS burden, income, vacancy, and stock figures are matched-ZCTA survey measures with sampling uncertainty and multiyear timing, so they cannot confirm conditions for a current individual rental listing.","The modelled bedroom ladder uses HUD proportions to scale ZIP ZORI and is not measured bedroom-level market rent; actual quoted prices may differ with utilities, lease length, building type, condition, and concessions.","The resale screening ratio uses a median sold price and a ZIP-level asking-rent index from separate sources. It omits property expenses, financing, taxes, operating costs, vacancy experience, and property-specific rent verification."],"qa":[{"a":"The two measures do not observe the same universe. Zillow ZORI is a current typical asking-rent index blended across rental types, while ACS median gross rent is a five-year survey measure for occupied renter homes and includes selected utilities. Existing leases, survey timing, household composition, and utility inclusion can all affect the observed difference without proving an error in either source.","q":"Why is Zillow ZORI higher than ACS median gross rent here?"},{"a":"No. They are modelled monthly ZIP estimates created by scaling the ZIP-wide Zillow asking-rent index with the local HUD bedroom ladder. HUD FMR or SAFMR is an administrative standard, not an asking-rent survey. The estimates can organize a bedroom-based screen, but they do not replace unit-specific listing evidence for price, utilities, availability, layout, or lease terms.","q":"Are the bedroom estimates actual rents for studios through four-bedroom homes?"},{"a":"The history shows positive same-month changes over one, three, and five years, and the latest pace is above the longer-period rates. Low month-to-month variability supports more confidence that the current index is not solely a one-month outlier. However, the historical maximum drawdown confirms that the series has declined before, so the evidence remains descriptive rather than predictive.","q":"What does the rent history say about confidence in the current ZORI figure?"},{"a":"It is annualized ZIP Zillow ZORI divided by Redfin’s ZIP median sold price, using separate rental and resale datasets. It can flag the relative size of a broad asking-rent index against a broad resale-price benchmark. It is not a cap rate, property yield, net return, or expected return because it excludes property-specific rent, expenses, taxes, financing, operating costs, and vacancy results.","q":"How should the Redfin rent-to-price screening ratio be interpreted?"}],"sources":[{"key":"apartment_list_time_on_market","name":"Apartment List Time on Market — listing liquidity","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/category/data-rent-estimates"},{"key":"apartment_list_vacancy","name":"Apartment List Vacancy Index — rental vacancy","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/apartment-list-vacancy-index-methodology"},{"key":"census_zcta_facts","name":"Census ACS five-year — ZCTA housing and income","release":"ACS 2024 5-year ZCTA","pulledAt":"2026-08-08","url":"https://api.census.gov/data/2024/acs/acs5.html"},{"key":"hud_zip","name":"HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback","release":"ZIP-CBSA 2025Q4 + SAFMR FY2026","pulledAt":"2026-07-26","url":"https://www.huduser.gov/portal/datasets/usps_crosswalk.html"},{"key":"realtor_county","name":"Realtor.com Economic Research — county listing inventory","release":"county inventory 2026-06","pulledAt":"2026-07-28","url":"https://www.realtor.com/research/data/"},{"key":"redfin","name":"Redfin Data Center — inventory, days on market, and price cuts","release":"metro tracker through 2026-05-01","pulledAt":"2026-07-26","url":"https://www.redfin.com/news/data-center/"},{"key":"redfin_zip","name":"Redfin Data Center — ZIP resale activity and supply","release":"ZIP rolling 3 months through 2026-06-30; updated 2026-07-03","pulledAt":"2026-08-12","url":"https://www.redfin.com/news/data-center/"},{"key":"zillow_county","name":"Zillow ZHVI and ZORI — county values and rents","release":"county ZHVI/ZORI 2026-06","pulledAt":"2026-07-26","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori","name":"Zillow ZORI — metro market rents","release":"Metro_zori_uc_sfrcondomfr_sm_sa_month.csv","pulledAt":"2026-07-26","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori_city","name":"Zillow ZORI — city market rents","release":"zillow_zori_city.csv","pulledAt":"2026-07-29","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori_zip","name":"Zillow ZORI — ZIP market rents","release":"ZORI ZIP 2026-06","pulledAt":"2026-08-08","url":"https://www.zillow.com/research/data/"}],"history":[{"period":"2015-01-01","rent":1549.35569},{"period":"2015-02-01","rent":1553.840517},{"period":"2015-03-01","rent":1564.911847},{"period":"2015-04-01","rent":1586.326154},{"period":"2015-05-01","rent":1600.78889},{"period":"2015-06-01","rent":1601.536367},{"period":"2015-07-01","rent":1600.246811},{"period":"2015-08-01","rent":1602.416374},{"period":"2015-09-01","rent":1603.47827},{"period":"2015-10-01","rent":1611.366628},{"period":"2015-11-01","rent":1629.866995},{"period":"2015-12-01","rent":1642.046784},{"period":"2016-01-01","rent":1653.837227},{"period":"2016-02-01","rent":1651.503628},{"period":"2016-03-01","rent":1651.656206},{"period":"2016-04-01","rent":1636.787455},{"period":"2016-05-01","rent":1636.611164},{"period":"2016-06-01","rent":1641.224871},{"period":"2016-07-01","rent":1652.441638},{"period":"2016-08-01","rent":1663.70276},{"period":"2016-09-01","rent":1667.876788},{"period":"2016-10-01","rent":1681.194976},{"period":"2016-11-01","rent":1679.816729},{"period":"2016-12-01","rent":1670.029021},{"period":"2017-01-01","rent":1663.221279},{"period":"2017-02-01","rent":1672.197423},{"period":"2017-03-01","rent":1683.300544},{"period":"2017-04-01","rent":1688.791743},{"period":"2017-05-01","rent":1689.762104},{"period":"2017-06-01","rent":1695.466148},{"period":"2017-07-01","rent":1692.033018},{"period":"2017-08-01","rent":1682.767247},{"period":"2017-09-01","rent":1691.458306},{"period":"2017-10-01","rent":1688.638607},{"period":"2017-11-01","rent":1695.417029},{"period":"2017-12-01","rent":1714.573772},{"period":"2018-01-01","rent":1723.289504},{"period":"2018-02-01","rent":1731.118111},{"period":"2018-03-01","rent":1711.009664},{"period":"2018-04-01","rent":1714.076938},{"period":"2018-05-01","rent":1709.062073},{"period":"2018-06-01","rent":1712.562463},{"period":"2018-07-01","rent":1713.064884},{"period":"2018-08-01","rent":1714.937111},{"period":"2018-09-01","rent":1710.680132},{"period":"2018-10-01","rent":1710.467434},{"period":"2018-11-01","rent":1708.113876},{"period":"2018-12-01","rent":1710.254769},{"period":"2019-01-01","rent":1717.881854},{"period":"2019-02-01","rent":1714.80308},{"period":"2019-03-01","rent":1731.594585},{"period":"2019-04-01","rent":1736.203785},{"period":"2019-05-01","rent":1746.253913},{"period":"2019-06-01","rent":1746.644023},{"period":"2019-07-01","rent":1752.345191},{"period":"2019-08-01","rent":1759.556901},{"period":"2019-09-01","rent":1764.228157},{"period":"2019-10-01","rent":1769.372818},{"period":"2019-11-01","rent":1774.310378},{"period":"2019-12-01","rent":1771.852053},{"period":"2020-01-01","rent":1769.770785},{"period":"2020-02-01","rent":1773.527372},{"period":"2020-03-01","rent":1779.33119},{"period":"2020-04-01","rent":1770.170887},{"period":"2020-05-01","rent":1751.450808},{"period":"2020-06-01","rent":1748.927486},{"period":"2020-07-01","rent":1748.550122},{"period":"2020-08-01","rent":1740.173719},{"period":"2020-09-01","rent":1729.110892},{"period":"2020-10-01","rent":1703.2263},{"period":"2020-11-01","rent":1686.595667},{"period":"2020-12-01","rent":1685.135786},{"period":"2021-01-01","rent":1697.713525},{"period":"2021-02-01","rent":1712.121591},{"period":"2021-03-01","rent":1717.289831},{"period":"2021-04-01","rent":1724.572021},{"period":"2021-05-01","rent":1734.648153},{"period":"2021-06-01","rent":1736.391981},{"period":"2021-07-01","rent":1743.950162},{"period":"2021-08-01","rent":1749.484536},{"period":"2021-09-01","rent":1766.853607},{"period":"2021-10-01","rent":1786.222715},{"period":"2021-11-01","rent":1802.016694},{"period":"2021-12-01","rent":1821.712202},{"period":"2022-01-01","rent":1831.109367},{"period":"2022-02-01","rent":1840.255301},{"period":"2022-03-01","rent":1848.694238},{"period":"2022-04-01","rent":1869.30498},{"period":"2022-05-01","rent":1894.954808},{"period":"2022-06-01","rent":1915.814968},{"period":"2022-07-01","rent":1931.593488},{"period":"2022-08-01","rent":1951.994869},{"period":"2022-09-01","rent":1966.05552},{"period":"2022-10-01","rent":1974.615726},{"period":"2022-11-01","rent":1990.895003},{"period":"2022-12-01","rent":1995.867608},{"period":"2023-01-01","rent":2010.228343},{"period":"2023-02-01","rent":2017.94684},{"period":"2023-03-01","rent":2037.345678},{"period":"2023-04-01","rent":2048.425675},{"period":"2023-05-01","rent":2051.603825},{"period":"2023-06-01","rent":2062.668183},{"period":"2023-07-01","rent":2075.956281},{"period":"2023-08-01","rent":2098.339744},{"period":"2023-09-01","rent":2114.068897},{"period":"2023-10-01","rent":2126.210052},{"period":"2023-11-01","rent":2132.07825},{"period":"2023-12-01","rent":2143.99674},{"period":"2024-01-01","rent":2158.566581},{"period":"2024-02-01","rent":2170.6527},{"period":"2024-03-01","rent":2164.992152},{"period":"2024-04-01","rent":2164.925566},{"period":"2024-05-01","rent":2167.181178},{"period":"2024-06-01","rent":2183.435409},{"period":"2024-07-01","rent":2193.048284},{"period":"2024-08-01","rent":2199.84577},{"period":"2024-09-01","rent":2206.432241},{"period":"2024-10-01","rent":2225.52302},{"period":"2024-11-01","rent":2242.842797},{"period":"2024-12-01","rent":2238.795652},{"period":"2025-01-01","rent":2230.740789},{"period":"2025-02-01","rent":2239.7365},{"period":"2025-03-01","rent":2265.526847},{"period":"2025-04-01","rent":2290.558996},{"period":"2025-05-01","rent":2307.916614},{"period":"2025-06-01","rent":2323.602046},{"period":"2025-07-01","rent":2336.412232},{"period":"2025-08-01","rent":2346.112319},{"period":"2025-09-01","rent":2360.886889},{"period":"2025-10-01","rent":2369.006704},{"period":"2025-11-01","rent":2380.747801},{"period":"2025-12-01","rent":2409.355572},{"period":"2026-01-01","rent":2438.702888},{"period":"2026-02-01","rent":2457.388371},{"period":"2026-03-01","rent":2469.083848},{"period":"2026-04-01","rent":2480.352862},{"period":"2026-05-01","rent":2498.722051},{"period":"2026-06-01","rent":2509.776337}],"historySummary":{"pointCount":138,"firstPeriod":"2015-01-01","latestPeriod":"2026-06-01","coverageMonths":138,"coverageRatio":1,"changes":{"1":{"years":1,"startPeriod":"2025-06-01","endPeriod":"2026-06-01","startRent":2323.602046,"endRent":2509.776337,"change":0.08012313955416439,"cagr":0.08012313955416439},"3":{"years":3,"startPeriod":"2023-06-01","endPeriod":"2026-06-01","startRent":2062.668183,"endRent":2509.776337,"change":0.21676203554452145,"cagr":0.06758357530983705},"5":{"years":5,"startPeriod":"2021-06-01","endPeriod":"2026-06-01","startRent":1736.391981,"endRent":2509.776337,"change":0.44539733220525624,"cagr":0.07645889248796545}},"maxDrawdown":-0.05293865724907576,"annualizedVolatility":0.018115346095573196,"consecutiveReturnCount":137}}