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ZIP Code · IL

ZIP 60031

Part of Gurnee, IL
Pop. 37,107·Lake County·103rd most expensive ZIP in Illinois
Median rent (all units)
$1,965/mo
Year-over-Year
+10.5%
Month-over-Month
+0.4%
vs US Median
$0
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 60031 · $1,965
More expensive than 58% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$23,580/yr
At $1,965/mo median
Location
CityGurnee
StateIL
CountyLake County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.5% YoY, +0.4% 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

2021 vs 2026

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

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

Census figures show median household income at $111,034 today, compared with $100,100 five years earlier. 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.

Community

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Local insights

Tips for renters in ZIP 60031

About renting in ZIP 60031

Last updated: July 20, 2026

ZIP code 60031 covers Gurnee, IL. The median rent here is $1,965/mo as of July 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 10.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60031?

As of July 20, 2026, the median monthly rent in ZIP 60031 (Gurnee, IL) is $1,965. This is based on aggregated data from public sources and community submissions.

How does ZIP 60031 rent compare to the US average?

ZIP 60031's median rent of $1,965/mo is exactly at the US national median of $1,965/mo.

How does ZIP 60031 compare to other ZIPs in Illinois?

ZIP 60031 falls in the middle range for Illinois, ranking #103 out of 230 ZIPs at $1,965/mo.

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 $79,000/year (~$38/hour full-time) to afford the median rent of $1,965/mo in ZIP 60031. The local median household income is $111,034/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60031?

Rent in ZIP 60031 has increased 10.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 60031 an affordable place to rent?

ZIP 60031 is considered very affordable for renters. At $1,965/mo, rent takes approximately 21% of the local median household income ($111,034/yr). The standard benchmark is 30%. ZIP 60031 falls comfortably within that range.

What percentage of ZIP 60031 residents rent vs. own?

According to Census data, approximately 22.1% of ZIP 60031 households are renters, while 77.9% are owner-occupied. ZIP 60031 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60031 compare to the rest of Gurnee?

ZIP 60031 sits right at the Gurnee citywide median of $1,965/mo.

When was rent data for ZIP 60031 last updated?

Rent data for ZIP 60031 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,965/mo, rent takes ~21% of ZIP 60031's median household income ($111,034/yr). The standard benchmark is 30%.

ZIP 60031 21%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60031 (Gurnee, IL)

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