How much is a home worth in ZIP code 60061?

The typical home in 60061 is worth $452,999, based on the Zillow Home Value Index.

Are home values rising in 60061?

Home values in 60061 are up 5.4% over the past year, and up 7.2% a year over five years.

What is the typical rent in 60061?

A typical home in 60061 rents for about $2,290 a month, a gross rental yield of 6.1%.

What is the property tax rate in 60061?

The effective property tax rate in 60061 is 2.5% — roughly $11,493 a year on a typical home.

ZIP code 60061 has a population of 27,974 and a median household income of $124,468.

HousingHandbookReference data

…

U.S. ZIP Code · IL60061

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

Typical home value

$452,999^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.4%
5-year / yr: +7.2%
10-year / yr: +4.4%

Relative price

vs U.S.: +59.5%
vs metro: +34.4%
vs state: +136.9%

Price history

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

The typical home in 60061 is worth $452,999 — 34.4% above the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 5.4%. Homes here rent for a typical $2,290 a month — a 6.1% gross rental yield. The effective property tax rate is 2.5%.

#Rent & investment

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

Monthly rent: $2,290^[2]
Gross yield: 6.1%^[2]
Cap rate: 3.6%^[2]

#Property tax

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

Effective tax rate: 2.5%^[3]
Typical annual tax: $11,493^[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: 27,974^[3]
Median household income: $124,468^[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: 15
Elementary: 6
Middle: 3
High: 4

Vernon Hills High School
High · Grades 9–12 · CHSD 128
1,480 students
Hawthorn Middle School South
Middle · Grades 6–8 · Hawthorn CCSD 73
642 students
Hawthorn Middle School North
Middle · Grades 6–8 · Hawthorn CCSD 73
593 students
Hawthorn Elem School South
Elementary · Grades 1–5 · Hawthorn CCSD 73
517 students
Hawthorn Sch of Dual Language
Elementary · Grades K–5 · Hawthorn CCSD 73
403 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 yield6.1%

Net yield (after ~40% expenses)3.6%

Annual rent$27,479

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$2,291

Loan principal$362,399

Down payment$90,600

Total interest paid$462,220

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 ratio1.58

Monthly cost to own$3,627

Monthly rent$2,290

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: 84th percentile^[1]
Rental yield: 33rd percentile^[2]
Property tax: 94th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60061?: The typical home in 60061 is worth $452,999, based on the Zillow Home Value Index.
Are home values rising in 60061?: Home values in 60061 are up 5.4% over the past year, and up 7.2% a year over five years.
What is the typical rent in 60061?: A typical home in 60061 rents for about $2,290 a month, a gross rental yield of 6.1%.
What is the property tax rate in 60061?: The effective property tax rate in 60061 is 2.5% — roughly $11,493 a year on a typical home.
Who lives in 60061?: ZIP code 60061 has a population of 27,974 and a median household income of $124,468.

#Comparable ZIPs

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

60631 vs 60061 →
Chicago, IL
Typical home
$452,708
Gross yield
4.7%
60076 vs 60061 →
Skokie, IL
Typical home
$452,412
Gross yield
5.5%
46373
St. John, IN
Typical home
$453,686
Gross yield
—
60302
Oak Park, IL
Typical home
$452,167
Gross yield
5.2%
60190
Winfield, IL
Typical home
$453,947
Gross yield
—
60561
Darien, IL
Typical home
$454,041
Gross yield
6.0%

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Pit ZIP 60061 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60061

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