At June 2026, Zillow’s typical observed asking-rent index for 60630 was $1,774 per month. This Zillow ZIP market identifier also matches a Census ZCTA; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. ZORI blends observed asking rents across rental types, so it is a current market index rather than a quote for a particular available home. Against broader asking-rent contexts, Chicago city scope was $2,409, Cook County scope was $2,336, and the Chicago-Naperville-Elgin, IL-IN-WI metro scope was $2,275. The ZIP’s lower index relative to each broader geography is the immediate rental signal, while it does not explain differences in unit mix, lease terms, or listing availability.
Different rent measures point to different housing universes rather than a single contradictory answer. The matched Census ZCTA’s ACS five-year survey placed median gross rent for occupied renter homes at $1,374, which is 29.1% below the Zillow asking-rent index. ACS gross rent includes selected utilities and reflects surveyed occupied households, not fresh listings. The local HUD FMR/SAFMR two-bedroom administrative standard was $1,840, placing the ZIP asking index 3.6% below that benchmark. HUD’s bedroom-specific standard is not asking rent, and it should not be interpreted as a transaction price, a current advertised quote, or evidence that any individual unit will rent at that level.
The bedroom view is a modelled extension of the ZIP index, not a set of measured bedroom rents. Scaling the ZIP ZORI with the local HUD ladder produces modelled monthly estimates of $1,475 for a studio, $1,572 for one bedroom, $1,774 for two bedrooms, $2,285 for three bedrooms, and $2,642 for four bedrooms. The two-bedroom estimate equals the ZIP-wide index because that is the model’s calibration point. These rungs are useful for comparing bedroom size within one consistent framework, but they do not observe a unit’s condition, utility responsibility, floor plan, lease structure, or any listing-specific concession.
The income screen is favorable on its mechanical inputs but sits beside meaningful burden evidence. Applying a 30% rent-to-income calculation to the current Zillow index produces required annual income of $70,960, compared with matched-ZCTA median household income of $98,860; the asking index therefore represents 21.5% of that median income. This is arithmetic, not advice and not an applicant qualification rule. At the same time, ACS counted 7,222 renter households, of which 2,997, or 41.5%, reported gross-rent burdens at or above that threshold. That burden measure describes occupied renter households in the ACS survey and cannot establish affordability for a specific current listing or household.
The matched ZCTA reported 23,598 housing units and 22,317 occupied units, implying a 5.4% overall vacancy rate. Renters accounted for 32.4% of occupied households, and 215 units were recorded as vacant for rent. The housing stock was more heavily represented by single-family structures than by large multifamily structures, which matters because a ZIP-wide blended asking-rent index can span unlike property forms. Neither the vacancy rate nor the vacant-for-rent count proves that a particular home is available, competitively priced, or suitable for a given renter. They instead describe aggregate survey housing status, with the usual ACS sampling and timing limits.
Rent history shows a positive path with a modest recent deceleration rather than a reversal. Exact same-month Zillow ZORI growth was 6.3% over one year, 6.5% over three years, and 7.0% over five years. Thus, the latest direction confirms the longer upward path, although the most recent pace is slightly below the longer-period rates. Annualized month-to-month rent-index variability was 2.2%, which supports somewhat more confidence in a single current index reading than a highly erratic series would. The worst historical peak-to-trough decline was 1.4%, a limited backward-looking drawdown. History had 100% coverage, while transparent national discovery ranks were 134 for momentum, 335 for stability, and 23 for the balanced measure, where lower ranks are stronger. These measurements are retrospective, not forecasts or investment recommendations.
Redfin’s direct rolling-three-month 60630 resale observation presents a more heated for-sale signal than the rent series alone. Median sold price was $494,888, up 12.5% year over year; 141 homes sold, with median marketing time of 43 days. Inventory stood at 106 homes, 19.6% higher than a year earlier, while months of supply remained 2.3. Sale-to-list evidence remained firm: the average sale-to-list ratio was 102.4%, 57.7% of sales closed above list price, and 63.5% went off market within two weeks. This is resale evidence, not rental transactions. The 4.3% annualized-ZORI-to-median-price cross-source screening ratio is only a comparison of two datasets, not property-level income evidence or a return measure. Resale strength confirms broad price pressure but challenges any assumption that the current rent pace is equally intense.
Limits are central to a decision reading. Zillow measures a blended asking-rent index; ACS measures surveyed occupied renter homes; HUD supplies an administrative standard; and Redfin records ZIP resale activity. None substitutes for unit-level verification. A property-level review should compare active asking quotes with the relevant modelled bedroom rung, verify lease duration and utility allocation, identify whether concessions alter the advertised payment, and confirm bedroom count, condition, and availability date. For a purchase-related comparison, review the individual home’s list history, sale terms, condition, and carrying-cost records rather than applying ZIP resale medians to it. Does the specific unit’s documented rent and configuration actually match the index-based snapshot?
","findings":[{"body":"The ZIP’s Zillow asking-rent index sits below the named Chicago city, Cook County, and Chicago-Naperville-Elgin metro context figures. That relative position is useful for comparison, but it does not identify why the gap exists or establish that every local property is less expensive. Unit type and lease terms remain unobserved within the blended index.","title":"Current asking rent is below broader market contexts"},{"body":"Zillow ZORI is a typical observed asking-rent index across rental types. ACS median gross rent describes occupied renter homes in a five-year survey and includes selected utilities. HUD FMR/SAFMR is an administrative bedroom-specific benchmark. The differing values should be interpreted as scope differences, not merged into one estimate of current lease rent.","title":"The rent datasets answer different questions"},{"body":"Same-month rent growth remained positive across each supplied historical horizon, while the latest rate modestly trailed the longer-period rates. Low measured variation and a shallow prior drawdown make the current index less vulnerable to a one-month historical swing, but history remains backward-looking and cannot determine future asking rents.","title":"History supports a stable-growth reading, with a slower latest pace"},{"body":"The direct ZIP resale observation showed rising median sold prices, limited months of supply, above-list closings, and rapid off-market activity. Those are for-sale conditions, not rental transactions. They reinforce that resale demand indicators were strong while also creating a tension with rent growth that was positive but somewhat slower than its longer historical pace.","title":"Resale signals are firmer than the current rent-growth signal"}],"risks":["Treating Zillow asking rent, ACS gross rent, and HUD administrative standards as interchangeable could produce an incorrect view of present leasing conditions because each source covers a different universe and timing framework.","The bedroom ladder is modelled from the ZIP index and HUD relative steps, so a property’s actual bedroom rent may diverge because condition, layout, utilities, lease structure, and concessions are not observed.","Aggregate vacancy and rent-burden measures cannot prove availability or affordability for a specific unit, and ACS survey estimates reflect occupied households rather than a real-time inventory of listings.","Redfin resale measures describe sold homes and listing-market signals, while the annualized rent-to-price figure is only a cross-source screen that omits property expenses, financing, taxes, and transaction-specific terms."],"qa":[{"a":"The measures have different populations and construction. Zillow tracks a typical observed asking-rent index across rental types, whereas ACS reports a five-year survey median for occupied renter homes and includes selected utilities. Existing leases, survey timing, unit mix, and utility treatment can all create a gap without showing that either source is incorrect.","q":"Why is the Zillow asking-rent index higher than ACS median gross rent?"},{"a":"No. They are modelled monthly estimates created by scaling the ZIP-wide Zillow asking-rent index using the local HUD bedroom ladder. They provide a consistent size-based comparison, but do not measure current listings and cannot account for a unit’s finish level, utility responsibility, concessions, layout, or lease requirements.","q":"Are the bedroom figures actual measured rents for available units?"},{"a":"The history shows positive same-month growth across the supplied horizons, relatively low month-to-month index variability, and a limited prior drawdown. Those facts make the current value more interpretable as a backward-looking market snapshot than a highly volatile series would. They do not establish future rent direction, future demand, or property-level leasing performance.","q":"What does the rent history say about confidence in the current snapshot?"},{"a":"Use the Redfin block only to understand the direct ZIP for-sale market: sold prices, sales volume, marketing time, inventory, supply, and sale-to-list behavior. It is not rental-comparable evidence. The rent-to-price calculation can screen cross-source relationships, but it cannot replace property-level review of rent, costs, condition, sale terms, or carrying obligations.","q":"How should the resale data be used alongside rental data?"}],"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 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