In June 2026, Zillow’s ZIP-level ZORI for 60660 was $1,859 per month. This is a typical observed asking-rent index blended across rental types, rather than the price of a specific available unit. The five-digit label is both a Zillow ZIP market identifier and a Census ZCTA match; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. Against wider context only, Chicago city’s Zillow rent was $2,408.80, Cook County’s context rent was $2,336, and the Chicago-Naperville-Elgin, IL-IN-WI metro context rent was $2,275. The ZIP index therefore sat below each broader asking-rent context, although those wider geographies are not ZIP rental comparables.
The backward-looking Zillow history shows a sustained rather than abruptly reversing rent path. Exact same-month growth was 6.6% over one year, 6.0% annualized over three years, and 6.8% annualized over five years. Recent direction broadly confirms the longer growth path: the latest annual change exceeds the three-year pace but remains just below the five-year pace. Annualized month-to-month return variability was 1.64%, indicating relatively limited historical movement around that path. Separately, the maximum observed drawdown was 1.74%, a shallow historical setback that adds support for treating the current index as reasonably stable, though never as a guaranteed listing price. Coverage is complete. Transparent national discovery ranks among history-eligible ZIPs were 132 for momentum, 20 for stability, and 9 for the balanced score, where lower rank is higher.
Bedroom figures should be read as modelled estimates, not measured bedroom rents. Scaling the ZIP ZORI through the local HUD bedroom ladder produces estimates of $1,548 for a studio, $1,651 for one bedroom, $1,859 for two bedrooms, $2,395 for three bedrooms, and $2,767 for four bedrooms. The FY2026 HUD ladder underlying that scaling runs from $1,790 for a studio to $3,200 for four bedrooms, with a two-bedroom HUD standard of $2,150. HUD FMR or SAFMR is an administrative, bedroom-specific standard rather than asking rent, so neither its values nor the modelled ZIP estimates establish an actual advertised rent for a particular size or property.
The ACS 2024 five-year matched ZCTA survey gives a materially different rent universe. Its median gross rent was $1,333, which is 39.5% below the current Zillow asking-rent index. ACS measures occupied renter homes over a five-year survey period and includes selected utilities, while ZORI reflects observed asking rents; the gap is therefore a source-scope difference, not proof that any household could obtain either figure. The ZCTA median household income was $67,479. A 30% screen applied arithmetically to the current $1,859 monthly index implies $74,360 of annual income and an asking-rent-to-income relationship of 33.1%. This is a screen, not advice and not an applicant qualification rule. ACS also reports that 48.2% of renter households were rent burdened at 30% or more, a population-level condition that cannot establish burden for a particular unit or renter.
The matched ZCTA contained 23,783 housing units, and renters represented 63.1% of occupied homes, making the survey housing base renter-heavy relative to ownership. Large multifamily buildings accounted for 55.3% of all units, another structural fact consistent with a rental-oriented stock mix but not a measure of unit quality, asking terms, or availability. The overall vacancy rate was 8.4%, with 1,169 homes recorded vacant for rent in the ACS survey. Those figures describe the survey housing inventory, not current vacancies in Zillow’s asking-rent sample. They provide context for the rent-burden and gross-rent evidence, but they do not prove that a specific listed apartment is vacant, affordable, or comparable to the index.
Resale evidence presents the principal counterpoint to the rent history. In Redfin’s direct rolling-three-month ZIP for-sale observation, the median sold price was $303,931, down 4.1% year over year. The ZIP recorded 139 homes sold with a median 45 days on market, inventory of 113 homes, and 2.5 months of supply. Sale-to-list results averaged 101.36%; 43% of sales closed above list, and 55.27% went off market within two weeks. These are resale liquidity and pricing signals, not rental transactions, rental comps, or evidence about property operating economics. They show that a declining median sold price can coexist with above-list sale activity and relatively short supply conditions within the same direct ZIP resale observation.
That coexistence creates the central decision tension: Zillow rent history points to stable, continuing asking-rent growth, while the direct resale median shows a year-over-year price decline. The resale data neither invalidates the rent index nor confirms that rents and sale prices move together. Dividing annualized ZIP ZORI by the Redfin median sold price produces a 7.34% cross-source screening ratio only. It is not a cap rate, net return, expected return, property yield, or substitute for property expenses and leasing facts. The ratio can flag the contrast between current asking rent and resale pricing, but the rent-history stability and resale-price movement should be assessed as separate backward-looking measurements.
Several limits matter before translating this ZIP summary to a property. ZORI is an index rather than a lease ledger; ACS is a five-year survey of occupied homes; HUD is an administrative standard; and Redfin is a rolling resale observation. The ZCTA match does not make its statistical boundary identical to a USPS delivery ZIP. A property-level review should verify active same-bedroom asking rents, lease term, concessions, utility treatment, condition, availability date, and the actual bedroom count before using the modelled ladder. For a purchase-side comparison, verify relevant closed sales, list-price history, condition, association charges, taxes, insurance, financing terms, repairs, and leasing restrictions. Which of those property-specific facts most changes the apparent gap between the rent index and the resale screen?
","findings":[{"body":"The Zillow index shows sustained exact same-month growth over one-, three-, and five-year windows, with low monthly variability and a shallow maximum drawdown. That history supports confidence that the current ZIP index is not defined by a large recent swing, but it does not forecast future asking rents or establish the rent of an individual listing.","title":"Asking-rent history is stable, but backward-looking"},{"body":"The studio-through-four-bedroom figures are modelled by applying the local HUD bedroom ladder to ZIP ZORI. They are useful for maintaining a consistent size relationship across bedroom counts, but they are not measured rents, lease transactions, or direct evidence of available units at any specific property.","title":"Bedroom rents are scaled estimates, not observations"},{"body":"The current Zillow asking-rent index exceeds the ACS median gross-rent measure, while the arithmetic income needed for a 30% screen exceeds the ZCTA median household income. ACS also reports a substantial share of renter households spending at least 30% of income on rent, but that survey burden measure cannot determine any renter’s individual position.","title":"Household affordability evidence is mixed across sources"},{"body":"The direct ZIP resale median price declined year over year even as the sale-to-list and off-market indicators showed active transaction signals. This tension matters because the rent index and home-sale data cover different markets. The annualized-rent-to-price calculation is only a cross-source screen and excludes property-specific costs, financing, and leasing performance.","title":"Resale pricing challenges a simple rent-growth reading"}],"risks":["The Zillow figure is a blended asking-rent index across rental types, so it may not match a property’s bedroom count, condition, utilities, concession package, lease duration, or actual availability.","ACS median gross rent and rent-burden data are five-year survey measures for occupied renter homes, including selected utilities, and therefore cannot be treated as current advertised-rent or unit-level affordability evidence.","HUD bedroom standards are administrative benchmarks rather than market asking rents. The modelled bedroom ladder inherits that limitation and should not be interpreted as direct rental comparable evidence.","Redfin’s ZIP resale observation measures for-sale transactions and liquidity, not rental operations. The rent-to-price screen omits property expenses, financing, repairs, taxes, insurance, association charges, and vacancy experience."],"qa":[{"a":"The two measures observe different universes. Zillow ZORI is a current ZIP-level typical observed asking-rent index blended across rental types. ACS median gross rent is a five-year survey measure for occupied renter homes and includes selected utilities. The difference can reflect timing, occupied versus advertised homes, utility treatment, and survey versus index methodology rather than a contradiction.","q":"Why is Zillow rent higher than the ACS median gross-rent figure?"},{"a":"No. They are modelled monthly ZIP estimates created by scaling the overall Zillow ZORI using the local HUD bedroom ladder. The method supplies a consistent studio-through-four-bedroom relationship, but it does not observe individual listings or signed leases. Actual rent can differ because of condition, location, utilities, concessions, furnishing, lease term, and availability.","q":"Are the bedroom estimates actual measured rents in 60660?"},{"a":"It does not directly describe rental transactions or apartment leasing. Redfin provides a rolling-three-month ZIP observation of the for-sale market, including sold prices, sales volume, marketing time, inventory, supply, and sale-to-list outcomes. Its value here is to show whether resale conditions align with or challenge the separate asking-rent and rent-history evidence.","q":"What does the Redfin resale block say about the rental market?"},{"a":"Confirm active same-bedroom asking rents, concessions, lease terms, included utilities, unit condition, availability date, and the true bedroom configuration. For a resale comparison, confirm relevant closed sales, property condition, list-price history, association charges, taxes, insurance, financing assumptions, repairs, and any leasing restrictions. Those property facts can materially differ from ZIP-level index and survey measures.","q":"What should be checked before applying this ZIP summary to a specific property?"}],"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 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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 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