ZIP Code · IL

ZIP 60031

Part of Gurnee, IL

Pop. 37,107·Lake County·99th most expensive ZIP in Illinois

Median rent (all units)

$1,956/mo

Year-over-Year

+4.0%

Month-over-Month

+0.6%

vs US Median

+$24

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 60031 · $1,956

More expensive than 59% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,690

1 BR

$1,800

2 BR

$2,030

3 BR

$2,610

4 BR+

$3,020

Research median

$2,030/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 60031 is at its highest level since Zillow's records here began in January 2022.

Past year vs. the rest of Illinois

Rent in ZIP 60031 changed +4.0% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Recent direction

Rent has risen 6 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($111,034) is $2,776 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,610); a 4-bedroom is $3,020.

Cheaper nearby

ZIP 60085, 4 miles away, rents for 13% less ($1,710/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60031. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,472/yr

At $1,956/mo median

Location

CityGurnee

StateIL

CountyLake County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.0% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 60031 (Gurnee, IL) is majority owner-occupied, has a median income above the national average, 56.2% of residents hold a bachelor's degree or higher.

Population

37,107

Median income

$111,034

Median age

40.4

Renters

22.1%

Age distribution

20.4%

23.6%

25.6%

15.1%

15.3%

Under 1820.4%

18–3423.6%

35–5425.6%

55–6415.1%

65+15.3%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

61.6%

16.4%

13%

White61.6%

Black7.1%

Hispanic16.4%

Asian13%

Other1.9%

Education (25+)

14.4%

25%

56.2%

No HS diploma4.3%

HS diploma14.4%

Some college25%

Bachelor's+56.2%

Housing tenure

77.9%

22.1%

Owner77.9%

Renter22.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 60031 in Gurnee, IL has changed in 5 years

Rent

$1,611 → $1,956

up 21.4%

Income

$100,100 → $111,034

up 10.9%

Population

37,818 → 37,107

down 1.9%

Renter share

25.7% → 22.1%

-3.6 pts

Bachelor's+

52.4% → 56.2%

+3.8 pts

Across the past five years, the going rent in ZIP 60031 in Gurnee, IL has shifted from $1,611 to $1,956, up 21.4% since 2022. Census figures show median household income at $111,034 today, compared with $100,100 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 60031 in Gurnee, IL losing about 711 residents over the five-year window, down 1.9% on net. The renter share has eased from 25.7% to 22.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 52.4% to 56.2% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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Local insights

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About renting in ZIP 60031

Last updated: October 17, 2026

ZIP code 60031 covers Gurnee, IL. The median rent here is $1,956/mo as of October 2026. A 1-bedroom rents for a median of $1,800/mo. A 2-bedroom rents for a median of $2,030/mo.

At 21% of local median household income ($111,034/yr), ZIP 60031 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60031?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,956/mo in ZIP 60031. The local median household income is $111,034/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60031?

Rent in ZIP 60031 has risen 4.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2022.

How does ZIP 60031 compare to other ZIPs in Illinois?

ZIP 60031 is in the middle among Illinois ZIP codes for rent, ranking #99 of 227 at $1,956/mo. Over the year to September 2026, rent in ZIP 60031 changed +4.0%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.