How much is a home worth in ZIP code 60087?

The typical home in 60087 is worth $262,047, based on the Zillow Home Value Index.

Are home values rising in 60087?

Home values in 60087 are up 9.2% over the past year, and up 8.5% a year over five years.

What is the typical rent in 60087?

A typical home in 60087 rents for about $1,530 a month, a gross rental yield of 7.0%.

What is the property tax rate in 60087?

The effective property tax rate in 60087 is 2.4% — roughly $6,366 a year on a typical home.

ZIP code 60087 has a population of 27,293 and a median household income of $76,738.

HousingHandbookReference data

…

U.S. ZIP Code · IL60087

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

Typical home value

$262,047^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +9.2%
5-year / yr: +8.5%
10-year / yr: +8.3%

Relative price

vs U.S.: -7.8%
vs metro: -22.2%
vs state: +37.0%

Price history

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

The typical home in 60087 is worth $262,047 — 22.2% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 9.2%. Homes here rent for a typical $1,530 a month — a 7.0% gross rental yield. The effective property tax rate is 2.4%.

#Rent & investment

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

Monthly rent: $1,530^[2]
Gross yield: 7.0%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 2.4%^[3]
Typical annual tax: $6,366^[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: 27,293^[3]
Median household income: $76,738^[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: 8
Elementary: 7
Middle: 1
High: 0

Jack Benny Middle School
Middle · Grades 6–8 · Waukegan CUSD 60
506 students
Oakdale Elem School
Elementary · Grades PK–5 · Waukegan CUSD 60
466 students
Clearview Elem School
Elementary · Grades PK–5 · Waukegan CUSD 60
414 students
Little Fort Elem School
Elementary · Grades K–5 · Waukegan CUSD 60
412 students
H R McCall Elem School
Elementary · Grades K–5 · Waukegan CUSD 60
378 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 yield7.0%

Net yield (after ~40% expenses)4.2%

Annual rent$18,363

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$1,325

Loan principal$209,638

Down payment$52,409

Total interest paid$267,381

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 ratio1.36

Monthly cost to own$2,074

Monthly rent$1,530

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: 98th percentile^[1]
Rental yield: 51st percentile^[2]
Property tax: 91st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60087?: The typical home in 60087 is worth $262,047, based on the Zillow Home Value Index.
Are home values rising in 60087?: Home values in 60087 are up 9.2% over the past year, and up 8.5% a year over five years.
What is the typical rent in 60087?: A typical home in 60087 rents for about $1,530 a month, a gross rental yield of 7.0%.
What is the property tax rate in 60087?: The effective property tax rate in 60087 is 2.4% — roughly $6,366 a year on a typical home.
Who lives in 60087?: ZIP code 60087 has a population of 27,293 and a median household income of $76,738.

#Comparable ZIPs

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

60020 vs 60087 →
Fox Lake, IL
Typical home
$261,815
Gross yield
10.3%
60165 vs 60087 →
Stone Park, IL
Typical home
$262,508
Gross yield
—
60099
Zion, IL
Typical home
$261,208
Gross yield
6.4%
60803
Alsip, IL
Typical home
$260,594
Gross yield
7.0%
60629
Chicago, IL
Typical home
$265,071
Gross yield
6.5%
60443
Matteson, IL
Typical home
$266,076
Gross yield
12.3%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 60087 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60087

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