HousingHandbookReference data

U.S. ZIP Code · IL60041

Lake County · Chicago-Naperville-Elgin, IL-IN

Typical home value

$300,102[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.9%
5-year / yr
+6.1%
10-year / yr
+6.1%

Relative price

vs U.S.
+5.6%
vs metro
-10.9%
vs state
+56.9%
ZIP 60041 location in IL
Location of ZIP 60041 in IL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 60041 is worth $300,102 — 10.9% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 4.9%. The effective property tax rate is 2.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
2.2%[3]
Typical annual tax
$6,678[3]

#Climate risk

FEMA National Risk Index ratings for Lake County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Very Low
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Very High
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
9,024[3]
Median household income
$93,396[3]

#Migration

Household moves in and out of Lake County over a year, from IRS tax-return data.

Net migration
-3,128[5]
Moved in
15,148
Moved out
18,276

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
5
Elementary
3
Middle
2
High
0
  • Big Hollow Middle School

    Middle · Grades 5–8 · Big Hollow SD 38

    765 students

  • Big Hollow Elem School

    Elementary · Grades 2–4 · Big Hollow SD 38

    523 students

  • Gavin Central Elementary School

    Elementary · Grades PK–4 · Gavin SD 37

    494 students

  • Big Hollow Primary School

    Elementary · Grades PK–1 · Big Hollow SD 38

    410 students

  • Gavin South Middle School

    Middle · Grades 5–8 · Gavin SD 37

    292 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,517
Loan principal$240,082
Down payment$60,020
Total interest paid$306,211

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$2,325
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
54th percentile[1]
Rental yield
[2]
Property tax
77th percentile[3]

Frequently asked

How much is a home worth in ZIP code 60041?
The typical home in 60041 is worth $300,102, based on the Zillow Home Value Index.
Are home values rising in 60041?
Home values in 60041 are up 4.9% over the past year, and up 6.1% a year over five years.
What is the property tax rate in 60041?
The effective property tax rate in 60041 is 2.2% — roughly $6,678 a year on a typical home.
Who lives in 60041?
ZIP code 60041 has a population of 9,024 and a median household income of $93,396.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Berkeley, IL

    Typical home
    $297,804
    Gross yield
  • Tinley Park, IL

    Typical home
    $302,582
    Gross yield
    7.2%
  • Chicago, IL

    Typical home
    $302,608
    Gross yield
    7.2%
  • Island Lake, IL

    Typical home
    $302,644
    Gross yield
    7.4%
  • Elgin, IL

    Typical home
    $297,530
    Gross yield
    6.4%
  • Palatine, IL

    Typical home
    $303,416
    Gross yield
    8.1%

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