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Buffalo Grove village, IL

ZIP 60089 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60089

Median Home Value
$393,000
Median Rent
$1,866
Affordability Snapshot
$108,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,525/mo PITI).

17%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

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

17.6 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 60089 in Buffalo Grove village, IL, a household would need roughly $108,000 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 $2,525. That sits below the local median household income ($129,932), 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
81.5%+25% vs US avg
x
Vacancy Rate
3.0%-71% vs US avg
x
Broadband Access
95.1%+9% vs US avg
x
4+ Bedrooms
4.1%-72% vs US avg
x
Built Pre-1939
0.2%-99% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
13.7%-72% vs US avg
x
Mortgage-Free
35.3%-8% vs US avg
x
$393,000
Home Value
$1,866
Rent
1982
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 detached53.8%
  • 1-unit attached13.8%
  • 2-9 units9.3%
  • 10+ units22.6%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$393,000
Median rent$1,866
Owner-occupied81.5%
Vacant3.0%
Price-to-income3.0x
Est. income to buy$108,000