How much is a home worth in ZIP code 60047?

The typical home in 60047 is worth $650,406, based on the Zillow Home Value Index.

Are home values rising in 60047?

Home values in 60047 are up 6.2% over the past year, and up 7.0% a year over five years.

What is the typical rent in 60047?

A typical home in 60047 rents for about $3,075 a month, a gross rental yield of 5.7%.

What is the property tax rate in 60047?

The effective property tax rate in 60047 is 2.2% — roughly $14,177 a year on a typical home.

ZIP code 60047 has a population of 44,240 and a median household income of $176,081.

HousingHandbookReference data

…

U.S. ZIP Code · IL60047

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

Typical home value

$650,406^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.2%
5-year / yr: +7.0%
10-year / yr: +4.0%

Relative price

vs U.S.: +129.0%
vs metro: +93.0%
vs state: +240.1%

Price history

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

The typical home in 60047 is worth $650,406 — 93.0% above the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 6.2%. Homes here rent for a typical $3,075 a month — a 5.7% gross rental yield. 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: $3,075^[2]
Gross yield: 5.7%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 2.2%^[3]
Typical annual tax: $14,177^[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: 44,240^[3]
Median household income: $176,081^[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: 11
Elementary: 7
Middle: 3
High: 1

Lake Zurich High School
High · Grades 9–12 · Lake Zurich CUSD 95
1,802 students
Lake Zurich Middle - N Campus
Middle · Grades 6–8 · Lake Zurich CUSD 95
699 students
May Whitney Elem School
Elementary · Grades PK–5 · Lake Zurich CUSD 95
685 students
Woodlawn Middle School
Middle · Grades 6–8 · Kildeer Countryside CCSD 96
662 students
Lake Zurich Middle - S Campus
Middle · Grades 6–8 · Lake Zurich CUSD 95
604 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.

Home value$Monthly rent$

Gross yield5.7%

Net yield (after ~40% expenses)3.4%

Annual rent$36,900

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,289

Loan principal$520,325

Down payment$130,081

Total interest paid$663,645

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.63

Monthly cost to own$5,012

Monthly rent$3,075

Renting is meaningfully cheaper month-to-month.

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: 81st percentile^[1]
Rental yield: 24th percentile^[2]
Property tax: 73rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60047?: The typical home in 60047 is worth $650,406, based on the Zillow Home Value Index.
Are home values rising in 60047?: Home values in 60047 are up 6.2% over the past year, and up 7.0% a year over five years.
What is the typical rent in 60047?: A typical home in 60047 rents for about $3,075 a month, a gross rental yield of 5.7%.
What is the property tax rate in 60047?: The effective property tax rate in 60047 is 2.2% — roughly $14,177 a year on a typical home.
Who lives in 60047?: ZIP code 60047 has a population of 44,240 and a median household income of $176,081.

#Comparable ZIPs

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

60044 vs 60047 →
Lake Bluff, IL
Typical home
$643,774
Gross yield
3.9%
60540 vs 60047 →
Naperville, IL
Typical home
$641,160
Gross yield
4.5%
60614
Chicago, IL
Typical home
$635,906
Gross yield
5.2%
60175
Campton Hills, IL
Typical home
$635,579
Gross yield
—
60622
Chicago, IL
Typical home
$631,952
Gross yield
4.8%
60514
Clarendon Hills, IL
Typical home
$675,310
Gross yield
4.1%

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Pit ZIP 60047 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60047

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