ZIP comparison · Chicago-Naperville-Elgin, IL-IN
60042 vs 60074
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP60042Island Lake, IL | ZIP60074Palatine, IL |
|---|---|---|
| Home value | ||
| Typical home value | $302,644 | Better: $303,416 |
| 1-year appreciation | Better: +6.4% | +3.1% |
| 5-year CAGR | Better: +7.6% | +6.1% |
| 10-year CAGR | Better: +6.9% | +4.8% |
| Rent & investment | ||
| Monthly rent | Better: $1,873 | $2,055 |
| Gross yield | 7.4% | Better: 8.1% |
| Cap rate | 4.5% | Better: 4.9% |
| Property tax | ||
| Effective tax rate | 2.5% | Better: 2.1% |
| Typical annual tax | $7,433 | Better: $6,377 |
| Demographics | ||
| Population | 8,347 | 36,460 |
| Median household income | Better: $99,917 | $84,089 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Very High |
| Net migration | Better: -3,128 | -14,346 |
| Schools | ||
| Public schools | 2 | 6 |
| Students enrolled | 1,065 | 5,468 |