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Long Grove village, IL

ZIP 60047 — Housing & Real Estate

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

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Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60047

Median Home Value
$510,000
Median Rent
$1,712
Affordability Snapshot
$140,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,276/mo PITI).

12%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

24.8 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 60047 in Long Grove village, IL, a household would need roughly $140,000 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 $3,276. That sits below the local median household income ($173,043), 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
89.2%+36% vs US avg
x
Vacancy Rate
3.3%-68% vs US avg
x
Broadband Access
97.3%+12% vs US avg
x
4+ Bedrooms
13.7%-7% vs US avg
x
Built Pre-1939
0.7%-94% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
21.8%-56% vs US avg
x
Mortgage-Free
30.4%-20% vs US avg
x
$510,000
Home Value
$1,712
Rent
1987
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 detached88.1%
  • 1-unit attached3.2%
  • 2-9 units1.3%
  • 10+ units6.9%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$510,000
Median rent$1,712
Owner-occupied89.2%
Vacant3.3%
Price-to-income2.9x
Est. income to buy$140,000