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Northbrook village, IL

ZIP 60062 — 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 60062

Median Home Value
$625,800
Median Rent
$1,862
Affordability Snapshot
$172,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,020/mo PITI).

16%
Rent-to-Income Ratio

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

4.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

28.0 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 60062 in Northbrook village, IL, a household would need roughly $172,000 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 $4,020. That is about 20% above the local median household income ($142,759), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
81.7%+25% vs US avg
x
Vacancy Rate
8.9%-13% vs US avg
x
Broadband Access
93.0%+7% vs US avg
x
4+ Bedrooms
11.3%-24% vs US avg
x
Built Pre-1939
3.3%-74% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
24.5%-51% vs US avg
x
Mortgage-Free
43.5%+14% vs US avg
x
$625,800
Home Value
$1,862
Rent
1976
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached60.7%
  • 1-unit attached11.6%
  • 2-9 units6.7%
  • 10+ units20.7%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$625,800
Median rent$1,862
Owner-occupied81.7%
Vacant8.9%
Price-to-income4.4x
Est. income to buy$172,000