Zip 60042 (Island Lake, IL) Housing

The housing market in 60042 Island Lake, IL is thriving with a median value of $241,200. This figure is close to the US House Median Value of $338,100 and has seen an impressive appreciation rate of 8.83% over the past year. This is slightly higher than the US 1 year House Appreciation of 8.27%, making it a great option for those looking to invest in real estate. With its highly desirable location near Chicago, IL this area is expected to remain a strong performer in the housing market for many years to come.

The median home cost in Island Lake (zip 60042) is $241,200. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Island Lake (zip 60042) is up 14.5%.

Average Age of Homes

- The median age of Island Lake (zip 60042) real estate is 29 years old

The Rental Market in Island Lake (zip 60042)

- Renters make up 19.2% of the Island Lake (zip 60042) population
- 0.7% of houses and apartments in Island Lake (zip 60042), 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	Island Lake, Illinois	United States
	3,395.0	139,647,020.0
	32	42
	$241,200	$338,100
	14.5%	16.6%
	31.8%	57.0%
	54.6%	101.1%
	$27.70	$10.98
	$5,410	$2,690
	75.5%	57.4%
	6.2%	11.2%
	18.3%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	3.0%	0.7%
	0.0%	0.4%
	0.2%	3.6%
	2.3%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	0.6%	2.4%
	0.2%	2.8%
	0.0%	3.9%
	2.3%	4.5%
	18.7%	11.3%
	30.1%	13.0%
	26.3%	20.1%
	11.9%	13.6%
	7.3%	8.3%
	0.8%	9.7%
	1.2%	3.9%
	0.0%	2.2%
	0.3%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.0%	13.6%
	14.0%	13.6%
	32.8%	13.6%
	24.1%	13.2%
	7.4%	14.8%
	32.8%	13.6%
	6.0%	10.0%
	6.7%	4.7%
	5.5%	12.2%

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