Housing in Vernon Hills, Illinois

The housing market in Vernon Hills, IL is performing well compared to the US as a whole. The median value of houses in Vernon Hills is $356,100, which is higher than the US median value of $338,100. Furthermore, the one-year appreciation rate for houses in Vernon Hills is 8.83%, which is higher than the average US one-year appreciation rate of 8.27%. This indicates that house prices in Vernon Hills have been increasing at a faster rate than many other areas across the country.

The median home cost in Vernon Hills is $356,100. Home appreciation the last 10 years has been 50.1%. Home Appreciation in Vernon Hills is up 8.8%.

Average Age of Homes

- The median age of Vernon Hills real estate is 29 years old

The Rental Market in Vernon Hills

- Renters make up 26.9% of the Vernon Hills population
- 3.2% of houses and apartments in Vernon Hills, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

MEDIAN MONTHLY RENT BY NUMBER OF BEDROOMS

HOUSING BY YEAR BUILT

HOUSING	Vernon Hills, Illinois	United States
	10,482	137,428,986
	29	41
	$356,100	$338,100
	8.8%	8.3%
	28.0%	57.8%
	50.1%	108.7%
	$25.74	$11.36
	$7,858	$2,724
	59.8%	56.2%
	7.1%	12.1%
	33.1%	31.6%
VACANT HOUSING
	3.2%	2.0%
	1.0%	0.4%
	0.1%	0.9%
	0.0%	0.5%
	1.4%	4.0%
	1.3%	4.3%
VALUE OF OWNER-OCCUPIED HOUSING
	0.6%	2.7%
	1.3%	2.7%
	0.3%	3.4%
	1.2%	4.7%
	1.5%	5.5%
	10.2%	13.3%
	8.8%	14.0%
	14.1%	19.6%
	24.6%	12.2%
	12.5%	7.1%
	21.8%	8.2%
	2.4%	3.2%
	0.6%	1.8%
	0.0%	0.7%
	0.1%	0.9%
HOUSING UNITS BY YEAR STRUCTURE BUILT
	3.5%	2.5%
	3.1%	2.7%
	21.6%	14.0%
	21.3%	13.9%
	15.6%	13.4%
	29.8%	15.2%
	21.3%	13.9%
	0.4%	10.3%
	0.1%	4.9%
	1.5%	12.6%

HOUSING MAP

Average Rent (3br)

Percent Home Appreciation (5yr)

Property Tax (%)

Median Home Cost

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Reviews for Vernon Hills 4 Reviews

housing - 1/5/2012
house price a little bit... Read More

justin | Vernon Hills, IL | Reply | No Replies

Start Your Review of Vernon Hills

Great Public Schools - 8/23/2007
The Vernon Hills public school is top notch, consistently rated among the highest in the U.S. Schools are new, low pupil to teacher ratio, with many after school... Read More

susan | Vernon Hills, IL | Reply | No Replies

Very nice area - 9/1/2006
I have lived in the Chicagoland area for over a year and a half and have not been overly impressed. I moved to Vernon Hills in May and have renewed faith in the area. ... Read More

robby | Vernon Hills, IL | Reply | No Replies

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ZIP CODES IN VERNON HILLS, ILLINOIS

60061

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United States / Illinois / Chicago-Naperville-Elgin Metro Area / Lake County / Vernon Hills / Zip Codes