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Rental Insights for ZIP Code 60410 (Channahon, IL)

Housing Rentals in ZIP Code 60410 (Channahon, IL)

60410 ZIP Code in Illinois

A Detailed Housing Rental Snapshot of the ZIP Code 60410

ZIP Code 60410 is principally located in Channahon, IL in Will County. The median housing rent in this Illinois region is estimated at $1,327 per month. About 11.3% of housing units in the region are renter-occupied, and this Will County ZIP Code has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 60410 of $1,327 per month is 31% higher than the aggregate Illinois median monthly rent of $1,010, and is 25% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 35.8% of renters in ZIP Code 60410 pay between $1,000 and $1,499 per month for housing. That is 19% higher than in Illinois overall, in which 30.1% of total state residents pay between $1,000 and $1,499 per month for housing.

ZIP Code 60410 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 60410

See the chart below for a comparison of monthly rental costs in ZIP Code 60410, Illinois, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 60410 along with those in the state of Illinois and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 60410

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 60410 Illinois U.S.
Less than $500 0.0% 10.4% 9.4%
$500 to $999 26.1% 38.8% 36.2%
$1,000 to $1,499 35.8% 30.1% 30.0%
$1,500 to $1,999 27.1% 12.8% 14.0%
$2,000 to $2,499 11.0% 4.7% 5.6%
$2,500 to $2,999 0.0% 1.8% 2.4%
$3,000 or more 0.0% 1.4% 2.4%

Rent Cost vs. Income in ZIP Code 60410

Renters in ZIP Code 60410 use an estimated 25.02% of their income to cover their monthly rent payments. That is about 15% lower than in Illinois overall. The estimate for Illinois overall is 29.36% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 60410 renters use about 16% less of their income to cover rent expense. Household income figures for ZIP Code 60410 come in higher than in Illinois as a whole. The median annual household income in ZIP Code 60410 of $91,224 sits approximately 38% higher than the overall Illinois median income of $65,886 and approximately 45% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 60410

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 60410, Illinois, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 60410 along with the same calculations in the state of Illinois and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 60410

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 60410 Illinois U.S.
Less than 15.0 percent 10.4% 14.1% 13.1%
15.0 to 19.9 percent 29.7% 13.6% 12.9%
20.0 to 24.9 percent 25.4% 13.1% 12.9%
25.0 to 29.9 percent 9.1% 11.2% 11.6%
30.0 to 34.9 percent 2.3% 8.6% 9.1%
35.0 percent or more 23.1% 39.4% 40.5%

Household Income in ZIP Code 60410

See the table below for the regional comparison of annual household income in ZIP Code 60410.

Income ZIP 60410 Illinois U.S.
Less than $10,000 2.2% 6.3% 6.0%
$10,000 to $14,999 0.5% 3.8% 4.3%
$15,000 to $24,999 3.0% 8.6% 8.9%
$25,000 to $34,999 5.7% 8.4% 8.9%
$35,000 to $49,999 10.6% 11.6% 12.3%
$50,000 to $74,999 13.5% 16.7% 17.2%
$75,000 to $99,999 19.7% 12.8% 12.7%
$100,000 to $149,999 21.3% 16.1% 15.1%
$150,000 to $199,999 14.3% 7.4% 6.8%
$200,000 or more 9.2% 8.3% 7.7%

Household Income in ZIP Code 60410

See the chart below for a comparison of annual household income figures in ZIP Code 60410, Illinois, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 60410 alongside the same figures for the state of Illinois and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 60410

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 60410.

ZIP 60410 Illinois U.S.
Median Housing Rent $1,327 $1,010 $1,062
Renter-Occupied Housing Units 11.3% 33.9% 36.0%
Rental Vacancy Rate 0.0% 6.2% 6.0%
Average Size of Renter-Occupied Unit 2.92 2.35 2.49
Average # of Bedrooms Per Unit 3.34 2.7 2.75
Percent of Income Spent on Rent 25.02% 29.36% 29.83%
Per Capita Income $36,585 $36,038 $34,103
Median Household Income $106,196 $92,395 $88,607
Living Below the Poverty Line 2.3% 8.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 60410

In ZIP Code 60410 (Channahon, IL), and estimated 11.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 60410 is estimated at $36,585, which goes along with an estimated median household income of $106,196. About 2.3% of residents in this Will County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.92 occupants, while the units have an aggregate average size of 3.34 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 25.02% of their income on housing rental costs.

Rental FAQs for ZIP Code 60410

1

What is the median monthly rent in ZIP Code 60410?

Median rent for housing in ZIP Code 60410 in Will County in Illinois is approximately $1,327 per month.
2

Is it expensive to rent in ZIP Code 60410?

Rent in ZIP Code 60410 is higher than average in the state of Illinois overall. The median monthly rent of $1,327 in ZIP Code 60410 is approximately 31% higher than the Illinois median of $1,010. Additionally, median rent in this Channahon, IL region ($1,327) is about 25% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 60410?

High-priced rentals are not common in the Channahon, IL ZIP Code of 60410, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Illinois overall, approximately 1.4% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 60410?

Affordable rentals are less common in ZIP Code 60410 than in Illinois overall. The percentage of housing rentals in ZIP Code 60410 costing $999 or less per month (26.1%) is approximately 47% lower than the Illinois rate of 49.2% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 43% higher than the previously mentioned 60410 rate of 26.1%.
5

What is the most common cost range that rentals fall into in ZIP Code 60410?

The most common range for rental cost in ZIP Code 60410 is between $1,000 and $1,499 per month. About 35.8% of renters in 60410 pay in this range for monthly rent. In comparison, approximately 30.1% of renters in the state of Illinois fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 60410 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 60410 is lower than the rental vacancy rate in the state of Illinois overall. Rental vacancy of 0.0% in ZIP Code 60410 is about 100% lower than the Illinois rate of 6.2%. Looking more broadly, rental vacancy in this Channahon, IL region (0.0%) is an estimated 100% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 60410? How does it compare to other Illinois regions?

Median household income in ZIP Code 60410 is higher than in the state of Illinois overall. Annual household income of $91,224 in ZIP Code 60410 is about 38% higher than the Illinois median of $65,886. Additionally, median household income in this Channahon, IL region ($91,224) is approximately 45% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 60410 spend on housing costs?

Renters in ZIP Code 60410 spend a lower amount of their income on rent costs than do renters in Illinois overall. Renters in ZIP Code 60410 spend an estimated 25.02% of their income on rent payments, which is about 15% lower than the overall Illinois estimated rate of 29.36%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 16% higher than the ZIP Code 60410 estimated rate of 25.02%.
9

Do renters in ZIP Code 60410 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 60410 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 60410 spending 30 percent or more of their income on rent costs (25.4%) is approximately 47% lower than the Illinois rate of 48% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 49% higher than the aforementioned 60410 rate of 25.4%.
10

What is the average household size of renter-occupied units in ZIP Code 60410?

The average household size of renter-occupied units in ZIP Code 60410 is higher than in the state of Illinois overall. Annual household size of 2.92 in ZIP Code 60410 is about 24% higher than the Illinois median of 2.35. Additionally, median household size in this Channahon, IL region (2.92) is approximately 17% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Illinois ZIP Codes