ZIP 60647
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 60647 usually run 2.8% below trend in December and 1.9% above it in June, about $110 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 60647 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 60647 changed +7.6% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.
From 2019 to 2024, rent in ZIP 60647 rose 22.5% while median household income rose 36.5% ($78,413 to $107,060). Income kept ahead of rent.
Rent in ZIP 60647 is 39.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 34 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($107,060) is $2,677 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,220); a 3-bedroom is $2,860.
37th cheapest of 51 ZIP codes in Chicago.
ZIP 60651, 2 miles away, rents for 25% less ($1,751/mo), about $7,000 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 60647. 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.
Who lives here
ZIP 60647 (Chicago, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 62.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 60647 in Chicago, IL has changed in 5 years
Since 2021, the typical rent in ZIP 60647 in Chicago, IL has increased from $1,650 to $2,335, a 41.5% change over five years. Census figures show median household income at $107,060 today, compared with $89,974 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.0% since 2021, moving from about 85,564 residents to roughly 84,749. College-educated residents now make up 62.5% of adults here, versus 59% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 60647
Last updated: October 17, 2026
ZIP code 60647 covers Chicago, IL. The median rent here is $2,335/mo as of October 2026. A 1-bedroom rents for a median of $1,970/mo. A 2-bedroom rents for a median of $2,220/mo.
At 26% of local median household income ($107,060/yr), ZIP 60647 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.5% over the past year.
Frequently asked questions
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How does ZIP 60647 compare to the rest of Chicago?
At $2,335/mo, rent takes ~26% of ZIP 60647's median household income ($107,060/yr). The standard benchmark is 30%.
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