How much is a home worth in ZIP code 60085?

The typical home in 60085 is worth $231,476, based on the Zillow Home Value Index.

Are home values rising in 60085?

Home values in 60085 are up 6.1% over the past year, and up 7.6% a year over five years.

What is the typical rent in 60085?

A typical home in 60085 rents for about $1,621 a month, a gross rental yield of 8.4%.

What is the property tax rate in 60085?

The effective property tax rate in 60085 is 2.1% — roughly $4,904 a year on a typical home.

ZIP code 60085 has a population of 72,341 and a median household income of $66,793.

HousingHandbookReference data

…

U.S. ZIP Code · IL60085

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

Typical home value

$231,476^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.1%
5-year / yr: +7.6%
10-year / yr: +9.2%

Relative price

vs U.S.: -18.5%
vs metro: -31.3%
vs state: +21.0%

Price history

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

The typical home in 60085 is worth $231,476 — 31.3% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 6.1%. Homes here rent for a typical $1,621 a month — a 8.4% gross rental yield. The effective property tax rate is 2.1%.

#Rent & investment

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

Monthly rent: $1,621^[2]
Gross yield: 8.4%^[2]
Cap rate: 5.0%^[2]

#Property tax

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

Effective tax rate: 2.1%^[3]
Typical annual tax: $4,904^[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: 72,341^[3]
Median household income: $66,793^[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: 16
Elementary: 10
Middle: 4
High: 1

Waukegan High School
High · Grades 9–12 · Waukegan CUSD 60
4,325 students
John R Lewis Middle School
Middle · Grades 6–8 · Waukegan CUSD 60
762 students
Miguel Juarez Middle School
Middle · Grades 6–8 · Waukegan CUSD 60
662 students
Glenwood Elementary School
Elementary · Grades K–5 · Waukegan CUSD 60
588 students
Robert E Abbott Middle School
Middle · Grades 6–8 · Waukegan CUSD 60
585 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 yield8.4%

Net yield (after ~40% expenses)5.0%

Annual rent$19,452

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$1,170

Loan principal$185,181

Down payment$46,295

Total interest paid$236,188

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 ratio1.09

Monthly cost to own$1,772

Monthly rent$1,621

Owning and renting are roughly even.

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: 92nd percentile^[1]
Rental yield: 74th percentile^[2]
Property tax: 66th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60085?: The typical home in 60085 is worth $231,476, based on the Zillow Home Value Index.
Are home values rising in 60085?: Home values in 60085 are up 6.1% over the past year, and up 7.6% a year over five years.
What is the typical rent in 60085?: A typical home in 60085 rents for about $1,621 a month, a gross rental yield of 8.4%.
What is the property tax rate in 60085?: The effective property tax rate in 60085 is 2.1% — roughly $4,904 a year on a typical home.
Who lives in 60085?: ZIP code 60085 has a population of 72,341 and a median household income of $66,793.

#Comparable ZIPs

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

60643 vs 60085 →
Chicago, IL
Typical home
$229,144
Gross yield
12.1%
47977 vs 60085 →
Remington, IN
Typical home
$228,522
Gross yield
—
60637
Chicago, IL
Typical home
$228,318
Gross yield
9.5%
60473
South Holland, IL
Typical home
$226,699
Gross yield
14.8%
46342
Hobart, IN
Typical home
$238,639
Gross yield
6.5%
60436
Joliet, IL
Typical home
$224,295
Gross yield
8.9%

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Pit ZIP 60085 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60085

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