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Lake Forest city, IL

ZIP 60045 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

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Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60045

Median Home Value
$899,200
Median Rent
$2,097
Affordability Snapshot
$248,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,776/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

35.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 60045 in Lake Forest city, IL, a household would need roughly $248,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,776. That is roughly in line with the local median household income ($225,551). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
89.2%+36% vs US avg
x
Vacancy Rate
5.6%-46% vs US avg
x
Broadband Access
95.8%+10% vs US avg
x
4+ Bedrooms
21.9%+48% vs US avg
x
Built Pre-1939
1.7%-86% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
27.1%-46% vs US avg
x
Mortgage-Free
41.7%+9% vs US avg
x
$899,200
Home Value
$2,097
Rent
1977
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.2%
  • 1-unit attached6.9%
  • 2-9 units2.5%
  • 10+ units12.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$899,200
Median rent$2,097
Owner-occupied89.2%
Vacant5.6%
Price-to-income4.0x
Est. income to buy$248,000