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Rental Insights for ZIP Code 60540 (Naperville, IL)

Housing Rentals in ZIP Code 60540 (Naperville, IL)

60540 ZIP Code in Illinois

A Detailed Housing Rental Snapshot of the ZIP Code 60540

ZIP Code 60540 is principally located in Naperville, IL in DuPage County. The median housing rent in this Illinois region is estimated at $1,463 per month. About 22.9% of total housing units in this DuPage County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 3.9%.

The median rent in ZIP Code 60540 of $1,463 per month is 45% higher than the aggregate Illinois median monthly rent of $1,010, and is 38% higher than the $1,062 the median monthly rent in the U.S. overall. About 38.1% of residents in ZIP Code 60540 pay between $1,000 and $1,499 per month for rent. That is 27% higher than in Illinois overall, in which 30.1% of total state residents pay between $1,000 and $1,499 per month for housing. Just 3.0% of ZIP Code 60540 renters pay $3,000 or more for monthly rent.

ZIP Code 60540 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 60540

See the chart below for a comparison of monthly rental costs in ZIP Code 60540, Illinois, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 60540 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 60540

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

Cost ZIP 60540 Illinois U.S.
Less than $500 6.7% 10.4% 9.4%
$500 to $999 8.0% 38.8% 36.2%
$1,000 to $1,499 38.1% 30.1% 30.0%
$1,500 to $1,999 25.4% 12.8% 14.0%
$2,000 to $2,499 15.2% 4.7% 5.6%
$2,500 to $2,999 3.7% 1.8% 2.4%
$3,000 or more 3.0% 1.4% 2.4%

Rent Cost vs. Income in ZIP Code 60540

Renters in ZIP Code 60540 use an estimated 28.84% of their income to cover their monthly rent payments. That is about 2% 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 60540 renters use about 3% less of their income to cover rent expense. Household income figures for ZIP Code 60540 come in higher than in Illinois as a whole. The median annual household income in ZIP Code 60540 of $128,247 sits approximately 95% higher than the overall Illinois median income of $65,886 and approximately 104% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 60540

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 60540, 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 60540 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 60540

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

Rent Cost as % of Income ZIP 60540 Illinois U.S.
Less than 15.0 percent 14.4% 14.1% 13.1%
15.0 to 19.9 percent 15.3% 13.6% 12.9%
20.0 to 24.9 percent 15.2% 13.1% 12.9%
25.0 to 29.9 percent 9.3% 11.2% 11.6%
30.0 to 34.9 percent 7.2% 8.6% 9.1%
35.0 percent or more 38.6% 39.4% 40.5%

Household Income in ZIP Code 60540

See the table below for the regional comparison of annual household income in ZIP Code 60540.

Income ZIP 60540 Illinois U.S.
Less than $10,000 3.6% 6.3% 6.0%
$10,000 to $14,999 0.9% 3.8% 4.3%
$15,000 to $24,999 4.0% 8.6% 8.9%
$25,000 to $34,999 3.7% 8.4% 8.9%
$35,000 to $49,999 5.1% 11.6% 12.3%
$50,000 to $74,999 9.5% 16.7% 17.2%
$75,000 to $99,999 10.2% 12.8% 12.7%
$100,000 to $149,999 23.2% 16.1% 15.1%
$150,000 to $199,999 15.7% 7.4% 6.8%
$200,000 or more 24.0% 8.3% 7.7%

Household Income in ZIP Code 60540

See the chart below for a comparison of annual household income figures in ZIP Code 60540, Illinois, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 60540 alongside the same figures for the state of Illinois and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 60540

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 60540.

ZIP 60540 Illinois U.S.
Median Housing Rent $1,463 $1,010 $1,062
Renter-Occupied Housing Units 22.9% 33.9% 36.0%
Rental Vacancy Rate 3.9% 6.2% 6.0%
Average Size of Renter-Occupied Unit 2.27 2.35 2.49
Average # of Bedrooms Per Unit 3.32 2.7 2.75
Percent of Income Spent on Rent 28.84% 29.36% 29.83%
Per Capita Income $56,420 $36,038 $34,103
Median Household Income $157,339 $92,395 $88,607
Living Below the Poverty Line 3.8% 8.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 60540

In ZIP Code 60540 (Naperville, IL), and estimated 22.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.9%.

The per capita income in 60540 is estimated at $56,420, which goes along with an estimated median household income of $157,339. About 3.8% of residents in this DuPage County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.27 occupants, while the units have an aggregate average size of 3.32 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.84% of their income on housing rental costs.

Rental FAQs for ZIP Code 60540

1

What is the median monthly rent in ZIP Code 60540?

Median rent for housing in ZIP Code 60540 in DuPage County in Illinois is approximately $1,463 per month.
2

Is it expensive to rent in ZIP Code 60540?

Rent in ZIP Code 60540 is higher than average in the state of Illinois overall. The median monthly rent of $1,463 in ZIP Code 60540 is approximately 45% higher than the Illinois median of $1,010. Additionally, median rent in this Naperville, IL region ($1,463) is about 38% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 60540?

High-priced rentals are more common in ZIP Code 60540 than in Illinois overall. The percentage of rentals in ZIP Code 60540 that cost $3,000 or more per month (3.0%) is about 114% 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 25% lower than the aforementioned 60540 rate of 3.0%.
4

Are affordable rentals common in ZIP Code 60540?

Affordable rentals are less common in ZIP Code 60540 than in Illinois overall. The percentage of housing rentals in ZIP Code 60540 costing $999 or less per month (14.7%) is approximately 70% 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 68% higher than the previously mentioned 60540 rate of 14.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 60540?

The most common range for rental cost in ZIP Code 60540 is between $1,000 and $1,499 per month. About 38.1% of renters in 60540 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 60540 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 60540 is lower than the rental vacancy rate in the state of Illinois overall. Rental vacancy of 3.9% in ZIP Code 60540 is about 37% lower than the Illinois rate of 6.2%. Looking more broadly, rental vacancy in this Naperville, IL region (3.9%) is an estimated 35% 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 60540? How does it compare to other Illinois regions?

Median household income in ZIP Code 60540 is higher than in the state of Illinois overall. Annual household income of $128,247 in ZIP Code 60540 is about 95% higher than the Illinois median of $65,886. Additionally, median household income in this Naperville, IL region ($128,247) is approximately 104% 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 60540 spend on housing costs?

Renters in ZIP Code 60540 spend a lower amount of their income on rent costs than do renters in Illinois overall. Renters in ZIP Code 60540 spend an estimated 28.84% of their income on rent payments, which is about 2% 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 3% higher than the ZIP Code 60540 estimated rate of 28.84%.
9

Do renters in ZIP Code 60540 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 60540 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 60540 spending 30 percent or more of their income on rent costs (45.8%) is approximately 5% 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 8% higher than the aforementioned 60540 rate of 45.8%.
10

What is the average household size of renter-occupied units in ZIP Code 60540?

The average household size of renter-occupied units in ZIP Code 60540 is lower than in the state of Illinois overall. Annual household size of 2.27 in ZIP Code 60540 is about 3% lower than the Illinois median of 2.35. Additionally, median household size in this Naperville, IL region (2.27) is approximately 9% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Illinois ZIP Codes