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ZIP Code · IL

ZIP 60048

Pop. 29,124·Lake County·23rd most expensive ZIP in Illinois
Median rent (all units)
$2,609/mo
Year-over-Year
+14.6%
Month-over-Month
-6.0%
vs US Median
+$647
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 60048 · $2,609
More expensive than 82% of US ZIP codes · National median $1,962/mo
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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: August 17, 2026

Annual cost
$31,308/yr
At $2,609/mo median
Location
StateIL
CountyLake County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (14.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+14.6% YoY, -6.0% 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

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Local insights

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About renting in ZIP 60048

Last updated: August 17, 2026

ZIP code 60048 covers Libertyville, IL. The median rent here is $2,609/mo as of August 2026. A 1-bedroom rents for a median of $1,780/mo. A 2-bedroom rents for a median of $2,000/mo.

At 18% of local median household income ($173,975/yr), ZIP 60048 ranks as affordable compared to the national benchmark of 30%. Rents have increased 14.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 60048?

As of August 17, 2026, the median monthly rent in ZIP 60048 (Libertyville, IL) is $2,609. This is based on aggregated data from public sources and community submissions.

How does ZIP 60048 rent compare to the US average?

ZIP 60048's median rent of $2,609/mo is $647 (33%) above the US national median of $1,962/mo.

How does ZIP 60048 compare to other ZIPs in Illinois?

ZIP 60048 is one of the pricier ZIP codes in Illinois, ranking #23 out of 236 ZIPs tracked at $2,609/mo.

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 $104,000/year (~$50/hour full-time) to afford the median rent of $2,609/mo in ZIP 60048. The local median household income is $173,975/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60048?

Rent in ZIP 60048 has increased 14.6% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 60048 an affordable place to rent?

ZIP 60048 is considered very affordable for renters. At $2,609/mo, rent takes approximately 18% of the local median household income ($173,975/yr). The standard benchmark is 30%. ZIP 60048 falls comfortably within that range.

What percentage of ZIP 60048 residents rent vs. own?

According to Census data, approximately 15.6% of ZIP 60048 households are renters, while 84.4% are owner-occupied. ZIP 60048 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60048 compare to the rest of Libertyville?

ZIP 60048 is pricier than Libertyville as a whole. At $2,609/mo, it's $16 above the Libertyville citywide median of $2,593/mo.

When was rent data for ZIP 60048 last updated?

Rent data for ZIP 60048 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $2,609/mo, rent takes ~18% of ZIP 60048's median household income ($173,975/yr). The standard benchmark is 30%.

ZIP 60048 18%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60048 (Libertyville, IL)

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