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Libertyville village, IL

ZIP 60048 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60048

Median Home Value
$535,100
Median Rent
$1,406
Affordability Snapshot
$147,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,437/mo PITI).

10%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

31.7 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 60048 in Libertyville village, IL, a household would need roughly $147,000 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 $3,437. That sits below the local median household income ($169,283), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
84.1%+29% vs US avg
x
Vacancy Rate
3.5%-66% vs US avg
x
Broadband Access
94.7%+9% vs US avg
x
4+ Bedrooms
13.2%-11% vs US avg
x
Built Pre-1939
5.8%-55% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
16.6%-67% vs US avg
x
Mortgage-Free
32.0%-16% vs US avg
x
$535,100
Home Value
$1,406
Rent
1978
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 detached75.0%
  • 1-unit attached7.2%
  • 2-9 units7.0%
  • 10+ units10.7%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$535,100
Median rent$1,406
Owner-occupied84.1%
Vacant3.5%
Price-to-income3.2x
Est. income to buy$147,000