The housing market in North Chicago, IL (zip code 60088) is known to be a great place to invest. The median value of homes in this area is $321,000, which is slightly lower than the national median of $338,100. However, over the past year alone the appreciation rate has been 8.83%, higher than the national average of 8.27%. This indicates that investing in real estate in North Chicago can be very profitable and provide a good return on investment. In addition to being an attractive investment opportunity, North Chicago also offers plenty of amenities and an overall high quality of life for its residents.
The median home cost in North Chicago (zip 60088) is $321,000. Home appreciation the last 10 years has been 54.6%. Home Appreciation in North Chicago (zip 60088) is up 14.5%.
Average Age of Homes
- The median age of North Chicago (zip 60088) real estate is 23 years old
The Rental Market in North Chicago (zip 60088)
- Renters make up 71.0% of the North Chicago (zip 60088) population
- 3.6% of houses and apartments in North Chicago (zip 60088), 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.