ZIP Code · IL

ZIP 60061

Pop. 27,974·Lake County·26th most expensive ZIP in Illinois
Median rent (all units)
$2,587/mo
Year-over-Year
+3.7%
Month-over-Month
+0.2%
vs US Median
+$655
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 60061 · $2,587
More expensive than 82% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,990
1 BR
$2,120
2 BR
$2,390
3 BR
$3,080
4 BR+
$3,560
Research median
$2,390/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

Cheapest month to sign

December. Asking rents in ZIP 60061 usually run 2.1% below trend in December and 1.9% above it in July, about $103 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 60061 is at its highest level since Zillow's records here began in January 2019.

Past year vs. the rest of Illinois

Rent in ZIP 60061 changed +3.7% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 60061 rose 33.5% while median household income rose 19% ($104,583 to $124,468). Rent outpaced income.

Since before the pandemic

Rent in ZIP 60061 is 44.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($124,468) is $3,112 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,080); a 4-bedroom is $3,560.

Cheaper nearby

ZIP 60048, 4 miles away, rents for 16% less ($2,185/mo), about $4,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60061. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$31,044/yr
At $2,587/mo median
Location
StateIL
CountyLake County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.7% YoY, +0.2% MoM), not inventory.
Demographics

Who lives here

ZIP 60061 (Vernon Hills, IL) is majority owner-occupied, has a median income above the national average, 67.6% of residents hold a bachelor's degree or higher.

Population
27,974
Median income
$124,468
Median age
41.9
Renters
31.8%
Age distribution
22.3%
15.7%
31.6%
12.3%
18.2%
Under 1822.3%
18–3415.7%
35–5431.6%
55–6412.3%
65+18.2%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
61.8%
25.2%
White61.8%
Black2%
Hispanic11.2%
Asian25.2%
Education (25+)
17.9%
67.6%
No HS diploma3.2%
HS diploma11.3%
Some college17.9%
Bachelor's+67.6%
Housing tenure
68.2%
31.8%
Owner68.2%
Renter31.8%

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

2021 vs 2026

How ZIP 60061 in Vernon Hills, IL has changed in 5 years

Rent
$1,832 → $2,587
up 41.2%
Income
$109,150 → $124,468
up 14.0%
Population
27,761 → 27,974
up 0.8%
Renter share
31.6% → 31.8%
+0.2 pts
Bachelor's+
63.1% → 67.6%
+4.5 pts
Median age
40.6 → 41.9
+1.3 yrs

Compared with 2021, rent in ZIP 60061 in Vernon Hills, IL has increased by $755 per month, settling near $2,587 after starting the period at $1,832. Local incomes tracked alongside that move, going from a median of $109,150 in 2021 to $124,468 more recently. Rent outpaced income growth by roughly 27.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 63.1% to 67.6%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 60061 in Vernon Hills, IL market of 2021.

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About renting in ZIP 60061

Last updated: October 17, 2026

ZIP code 60061 covers Vernon Hills, IL. The median rent here is $2,587/mo as of October 2026. A 1-bedroom rents for a median of $2,120/mo. A 2-bedroom rents for a median of $2,390/mo.

At 25% of local median household income ($124,468/yr), ZIP 60061 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60061?

To keep rent at or below 30% of gross income, you would need to earn at least $103,000/year (about $50/hour full-time) to afford the median rent of $2,587/mo in ZIP 60061. The local median household income is $124,468/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 60061?

Rent in ZIP 60061 has risen 3.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2019.

When is the cheapest time to rent in ZIP 60061?

Asking rents in ZIP 60061 are usually lowest in December, about 2.1% below their yearly trend, and highest in July, about 1.9% above it. At today's median that is a gap of roughly $103 a month. This pattern comes from 7 years of Zillow rent data.

Has rent outpaced income in ZIP 60061?

Yes. From 2019 to 2024, rent in ZIP 60061 rose 33.5% while median household income rose 19%, from $104,583 to $124,468. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 60061 compare to other ZIPs in Illinois?

ZIP 60061 is one of the pricier among Illinois ZIP codes for rent, ranking #26 of 227 at $2,587/mo. Over the year to September 2026, rent in ZIP 60061 changed +3.7%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.

How does ZIP 60061 compare to the rest of Vernon Hills?

ZIP 60061 sits right at the Vernon Hills citywide median of $2,587/mo.
Income Affordability
25%
AFFORDABLE

At $2,587/mo, rent takes ~25% of ZIP 60061's median household income ($124,468/yr). The standard benchmark is 30%.

ZIP 60061 25%Benchmark 30%
State income tax4.95%
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