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Rental Insights for ZIP Code 60538 (Montgomery, IL)

Housing Rentals in ZIP Code 60538 (Montgomery, IL)

60538 ZIP Code in Illinois

A Detailed Housing Rental Snapshot of the ZIP Code 60538

ZIP Code 60538 is principally located in Montgomery, IL in Kendall County. The median housing rent in this Illinois region is estimated at $1,396 per month. About 18.5% of total housing units in this Kendall County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 3.5%.

The median rent in ZIP Code 60538 of $1,396 per month is 38% higher than the aggregate Illinois median monthly rent of $1,010, and is 31% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 38.3% of renters in ZIP Code 60538 pay between $1,500 and $1,999 per month for housing. That is 199% higher than in Illinois overall, in which 12.8% of total state residents pay between $1,500 and $1,999 per month for housing. Just 1.2% of ZIP Code 60538 renters pay between $2,000 and $2,499 for monthly rent.

ZIP Code 60538 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 60538

See the chart below for a comparison of monthly rental costs in ZIP Code 60538, Illinois, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 60538 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 60538

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

Cost ZIP 60538 Illinois U.S.
Less than $500 0.0% 10.4% 9.4%
$500 to $999 21.3% 38.8% 36.2%
$1,000 to $1,499 35.8% 30.1% 30.0%
$1,500 to $1,999 38.3% 12.8% 14.0%
$2,000 to $2,499 1.2% 4.7% 5.6%
$2,500 to $2,999 0.0% 1.8% 2.4%
$3,000 or more 3.4% 1.4% 2.4%

Rent Cost vs. Income in ZIP Code 60538

Renters in ZIP Code 60538 use an estimated 30% of their income to cover their monthly rent payments. That is about 2% higher 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 60538 renters use about 1% more of their income to cover rent expense. Household income figures for ZIP Code 60538 come in higher than in Illinois as a whole. The median annual household income in ZIP Code 60538 of $83,377 sits approximately 27% higher than the overall Illinois median income of $65,886 and approximately 33% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 60538

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 60538, 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 60538 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 60538

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

Rent Cost as % of Income ZIP 60538 Illinois U.S.
Less than 15.0 percent 12.3% 14.1% 13.1%
15.0 to 19.9 percent 13.6% 13.6% 12.9%
20.0 to 24.9 percent 7.8% 13.1% 12.9%
25.0 to 29.9 percent 14.4% 11.2% 11.6%
30.0 to 34.9 percent 13.8% 8.6% 9.1%
35.0 percent or more 38.1% 39.4% 40.5%

Household Income in ZIP Code 60538

See the table below for the regional comparison of annual household income in ZIP Code 60538.

Income ZIP 60538 Illinois U.S.
Less than $10,000 2.9% 6.3% 6.0%
$10,000 to $14,999 0.7% 3.8% 4.3%
$15,000 to $24,999 4.2% 8.6% 8.9%
$25,000 to $34,999 5.5% 8.4% 8.9%
$35,000 to $49,999 12.0% 11.6% 12.3%
$50,000 to $74,999 20.8% 16.7% 17.2%
$75,000 to $99,999 13.9% 12.8% 12.7%
$100,000 to $149,999 27.9% 16.1% 15.1%
$150,000 to $199,999 5.0% 7.4% 6.8%
$200,000 or more 7.0% 8.3% 7.7%

Household Income in ZIP Code 60538

See the chart below for a comparison of annual household income figures in ZIP Code 60538, Illinois, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 60538 alongside the same figures for the state of Illinois and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 60538

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 60538.

ZIP 60538 Illinois U.S.
Median Housing Rent $1,396 $1,010 $1,062
Renter-Occupied Housing Units 18.5% 33.9% 36.0%
Rental Vacancy Rate 3.5% 6.2% 6.0%
Average Size of Renter-Occupied Unit 3.43 2.35 2.49
Average # of Bedrooms Per Unit 3.27 2.7 2.75
Percent of Income Spent on Rent 30% 29.36% 29.83%
Per Capita Income $29,953 $36,038 $34,103
Median Household Income $95,082 $92,395 $88,607
Living Below the Poverty Line 3.1% 8.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 60538

In ZIP Code 60538 (Montgomery, IL), and estimated 18.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.5%.

The per capita income in 60538 is estimated at $29,953, which goes along with an estimated median household income of $95,082. About 3.1% of residents in this Kendall County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.43 occupants, while the units have an aggregate average size of 3.27 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30% of their income on housing rental costs.

Rental FAQs for ZIP Code 60538

1

What is the median monthly rent in ZIP Code 60538?

Median rent for housing in ZIP Code 60538 in Kendall County in Illinois is approximately $1,396 per month.
2

Is it expensive to rent in ZIP Code 60538?

Rent in ZIP Code 60538 is higher than average in the state of Illinois overall. The median monthly rent of $1,396 in ZIP Code 60538 is approximately 38% higher than the Illinois median of $1,010. Additionally, median rent in this Montgomery, IL region ($1,396) is about 31% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 60538?

High-priced rentals are more common in ZIP Code 60538 than in Illinois overall. The percentage of rentals in ZIP Code 60538 that cost $3,000 or more per month (3.4%) is about 143% higher than the Illinois rate of 1.4% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 42% lower than the aforementioned 60538 rate of 3.4%.
4

Are affordable rentals common in ZIP Code 60538?

Affordable rentals are less common in ZIP Code 60538 than in Illinois overall. The percentage of housing rentals in ZIP Code 60538 costing $999 or less per month (21.3%) is approximately 57% 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 53% higher than the previously mentioned 60538 rate of 21.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 60538?

The most common range for rental cost in ZIP Code 60538 is between $1,500 and $1,999 per month. About 38.3% of renters in 60538 pay in this range for monthly rent. In comparison, approximately 12.8% of renters in the state of Illinois fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 60538 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 60538 is lower than the rental vacancy rate in the state of Illinois overall. Rental vacancy of 3.5% in ZIP Code 60538 is about 44% lower than the Illinois rate of 6.2%. Looking more broadly, rental vacancy in this Montgomery, IL region (3.5%) is an estimated 42% 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 60538? How does it compare to other Illinois regions?

Median household income in ZIP Code 60538 is higher than in the state of Illinois overall. Annual household income of $83,377 in ZIP Code 60538 is about 27% higher than the Illinois median of $65,886. Additionally, median household income in this Montgomery, IL region ($83,377) is approximately 33% 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 60538 spend on housing costs?

Renters in ZIP Code 60538 spend a higher amount of their income on rent costs than do renters in Illinois overall. Renters in ZIP Code 60538 spend an estimated 30% of their income on rent payments, which is about 2% higher 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 1% lower than the ZIP Code 60538 estimated rate of 30%.
9

Do renters in ZIP Code 60538 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 60538 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 60538 spending 30 percent or more of their income on rent costs (51.9%) is approximately 8% higher 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 5% lower than the aforementioned 60538 rate of 51.9%.
10

What is the average household size of renter-occupied units in ZIP Code 60538?

The average household size of renter-occupied units in ZIP Code 60538 is higher than in the state of Illinois overall. Annual household size of 3.43 in ZIP Code 60538 is about 46% higher than the Illinois median of 2.35. Additionally, median household size in this Montgomery, IL region (3.43) is approximately 38% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Illinois ZIP Codes