Housing in Lake Zurich, IL (zip code 60047) is slightly higher than the median value throughout the United States. The median value of all houses in the area is $475,700, which is 40.9% higher than the US median of $338,100. This trend has been increasing over the past year with an 8.83% house appreciation rate in Lake Zurich compared to 8.27% nationwide. With a strong housing market and valuable assets, residents of Lake Zurich have seen an increase in their home values over the last year and can expect this trend to continue moving forward.
The median home cost in Lake Zurich (zip 60047) is $475,700. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Lake Zurich (zip 60047) is up 14.5%.
Average Age of Homes
- The median age of Lake Zurich (zip 60047) real estate is 31 years old
The Rental Market in Lake Zurich (zip 60047)
- Renters make up 7.3% of the Lake Zurich (zip 60047) population
- 0.8% of houses and apartments in Lake Zurich (zip 60047), 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.