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Sarah Mitchell
Compass Real Estate · ZIP 60046
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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60046 ZIP Code Housing Market
$375,000median sale price
What is the 60046 housing market like right now?
The median home sale price in ZIP code 60046 is $375,000, up 1.4% year-over-year. Homes sell in an average of 42 days with 101 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 60046 ZIP code a buyer's or seller's market?
ZIP code 60046 is currently a balanced market and homes selling in about 42 days. How we determine this →
What are the latest 60046 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $375,000 |
| Median list price | $375,000 |
| Year-over-year price change | +1.4% |
| Average days on market | 42 days |
| Active inventory | 101 listings |
| Sale-to-list price ratio | 100.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 60046 zip code, located in Lake Villa, IL, is currently classified as a balanced market. The median sale price stands at $375,000, representing a +1.4% change year over year. Homes in this area spend an average of 42 days on the market before going under contract. There are currently 101 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 60046 sits in the Lake Villa, IL area, roughly 0.9 miles from downtown Lake Villa. Because home prices are set street by street, this ZIP can move differently from Lake Villa's citywide averages. The figures below reflect 60046 specifically — drawn from Redfin transactions, U.S. Census data for its 34,613 residents, and Zillow value estimates.
Homes sold
108
Last 12 weeks
Days on market
42
Average pace
Active listings
101
Sale-to-list
100.9%
Above asking
Market trends
What is driving the 60046 housing market?
The 60046 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 100.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 60046 have increased +1.4% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 60046 stands at $359,279, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,221 per month. This gives a price-to-rent ratio of approximately 13.5, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 60046?
Population
34,613
Median income
$126,042/yr
Median age
38.4 years
Owner-occupied
84.2%
College grads
45.7%
Avg commute
42.21 min
What is it like living in 60046?
Zip code 60046 is home to approximately 34,613 residents. The median household income is $126,042 per year, which shapes the types of homes and amenities available in the area. With a median age of 38.4 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 84.2% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 45.7% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 42.21 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 60046.
Which public schools serve ZIP 60046?
9 schools tracked · 5,073 students
The largest public schools serving ZIP code 60046 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lakes Community High School
Grades 9-12 · 1,329 students
Peter J Palombi School
Grades 6-8 · 851 students
B J Hooper Elem School
Grades PK-5 · 571 students
Oakland Elementary School
Grades K-5 · 540 students
Olive C Martin School
Grades PK-5 · 535 students
William L Thompson School
Grades PK-5 · 483 students
Millburn Middle School
Grades 6-8 · 394 students
Pleviak Elem School
Grades K · 370 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 60046
What is the median home price in 60046?
The current median sale price in 60046 is $375,000, based on recent Redfin transaction data. Prices have changed +1.4% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 60046 a buyer's or seller's market?
The 60046 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 60046?
Zip code 60046 has a population of approximately 34,613 residents. The median household income is $126,042 per year. About 84.2% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 60046?
Properties Incorporated provides comprehensive data for 60046 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 60046 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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