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Lake Villa village, IL

ZIP 60046 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60046

Median Home Value
$282,500
Median Rent
$1,436
Affordability Snapshot
$78,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,815/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 60046 in Lake Villa village, IL, a household would need roughly $78,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,815. That sits below the local median household income ($122,376), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
81.9%+25% vs US avg
x
Vacancy Rate
3.8%-63% vs US avg
x
Broadband Access
96.0%+10% vs US avg
x
4+ Bedrooms
8.3%-44% vs US avg
x
Built Pre-1939
1.7%-87% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
18.7%-62% vs US avg
x
Mortgage-Free
27.4%-28% vs US avg
x
$282,500
Home Value
$1,436
Rent
1988
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached83.2%
  • 1-unit attached7.2%
  • 2-9 units1.7%
  • 10+ units7.7%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$282,500
Median rent$1,436
Owner-occupied81.9%
Vacant3.8%
Price-to-income2.3x
Est. income to buy$78,000