ZIP Code · IL

ZIP 60048

Part of Libertyville, IL

Pop. 29,124·Lake County·70th most expensive ZIP in Illinois

Median rent (all units)

$2,185/mo

Year-over-Year

+8.6%

Month-over-Month

+0.2%

vs US Median

+$253

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 60048 · $2,185

More expensive than 70% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,660

1 BR

$1,780

2 BR

$2,000

3 BR

$2,580

4 BR+

$2,980

Research median

$2,000/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

Past year vs. the rest of Illinois

Rent in ZIP 60048 changed +8.6% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($173,975) is $4,349 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,980).

Cheaper nearby

ZIP 60031, 5 miles away, rents for 10% less ($1,956/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60048. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,220/yr

At $2,185/mo median

Location

CityLibertyville

StateIL

CountyLake County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 8.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+8.6% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 60048 (Libertyville, IL) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 70.9% of residents hold a bachelor's degree or higher.

Population

29,124

Median income

$173,975

Median age

42.3

Renters

15.6%

Age distribution

25.3%

14.7%

27.8%

14.5%

17.6%

Under 1825.3%

18–3414.7%

35–5427.8%

55–6414.5%

65+17.6%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

79.9%

White79.9%

Black1.1%

Hispanic8.8%

Asian6.3%

Other3.9%

Education (25+)

16.8%

70.9%

No HS diploma2.4%

HS diploma9.8%

Some college16.8%

Bachelor's+70.9%

Housing tenure

84.4%

15.6%

Owner84.4%

Renter15.6%

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

2021 vs 2026

How ZIP 60048 in Libertyville, IL has changed in 5 years

Income

$155,179 → $173,975

up 12.1%

Population

29,594 → 29,124

down 1.6%

Renter share

15.1% → 15.6%

+0.5 pts

Bachelor's+

71.1% → 70.9%

-0.2 pts

Median age

43.4 → 42.3

-1.1 yrs

Local incomes tracked alongside that move, going from a median of $155,179 in 2021 to $173,975 more recently. Census counts show ZIP 60048 in Libertyville, IL losing about 470 residents over the five-year window, down 1.6% on net.

Community

Discussions about ZIP 60048

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Local insights

Tips for renters in ZIP 60048

About renting in ZIP 60048

Last updated: October 17, 2026

ZIP code 60048 covers Libertyville, IL. The median rent here is $2,185/mo as of October 2026. A 1-bedroom rents for a median of $1,780/mo. A 2-bedroom rents for a median of $2,000/mo.

At 15% of local median household income ($173,975/yr), ZIP 60048 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60048?

To keep rent at or below 30% of gross income, you would need to earn at least $87,000/year (about $42/hour full-time) to afford the median rent of $2,185/mo in ZIP 60048. The local median household income is $173,975/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60048?

Rent in ZIP 60048 has risen 8.6% over the past year.

How does ZIP 60048 compare to other ZIPs in Illinois?

ZIP 60048 is one of the pricier among Illinois ZIP codes for rent, ranking #70 of 227 at $2,185/mo. Over the year to September 2026, rent in ZIP 60048 changed +8.6%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.