Libertyville, IL 60048 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Libertyville, IL—60048

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$631,000

6.8% YoY Growth

Household Income

$169,000

25.7% YoY Growth

Days on Market

44.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$3,000

14.4% YoY Growth

1-Bed Rent

$1,650

10.2% YoY Growth

2-Bed Rent

$2,200

2.3% YoY Growth

3-Bed Rent

$3,850

7.1% YoY Growth

Home Price Trends — Libertyville, IL

As of May '26, the median home price in Libertyville, IL is $631,000, with a year-over-year change of 6.8%. This indicates that home prices in Libertyville, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$631,000	6.8%
Single Family	$674,000	6.8%
Condos	$327,000	6.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Libertyville, IL

As of July '25, Rentcast reports the average rent in Libertyville, IL is $3,410, with a year-over-year rent change of 14.4%. Per bedroom, the median rent as of July '25 in Libertyville, IL is 1-bedrooms: $1,840, 2-bedrooms: $2,230, 3-bedrooms: $3,750, 4-bedrooms: $5,330. The most common rental property sizes in Libertyville, IL are 2-bedroom and 1-bedroom, accounting for 37.7% and 33.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,000	$3,410
Studio Rent	N/A	N/A
1 Bed Rent	$1,650	$1,840
2 Bed Rent	$2,200	$2,230
3 Bed Rent	$3,850	$3,750
4 Bed Rent	$5,000	$5,330

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% of Rental Stock

Studio

4.2%

1 Bedroom

33.9%

2 Bedrooms

37.7%

3 Bedrooms

16.7%

4 Bedrooms

6.0%

5+ Bedrooms

1.4%

Property Listings — Libertyville, IL

As of May '26, Realtor.com reports that the median days on market for a home in Libertyville, IL is 24. This is a increase of 44.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$721,000	-1.0%
Listing Count	96	-16.0%
Listings as % of Homes	0.7%	-16.0%
Days on Market	24	44.0%

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Demographics — Libertyville, IL

As of the latest ACS Survey released in 2023, Libertyville, IL has a population of 28,900, which has remained stable by -0.4% over the past 5 years. Libertyville, IL is a popular place for families, as children make up 25.9% of the population. The area has a highly educated workforce, with 70.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	28,900	-0.4%
% Under 18	25.9%	7.5%
% Seniors	17.5%	13.6%
% WFH	24.5%	250.0%
% w/ College Degree	70.5%	3.7%

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As of the latest ACS Survey released in 2023, Libertyville, IL is a predominantly white area, with 80.8% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Libertyville, IL is hispanic, making up 7.3% of the population. Foreign-born residents account for 10.7% of the population in Libertyville, IL, and this percentage has decreased by 3.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	80.8%	-6.4%
% Black	1.1%	0.0%
% Hispanic	7.3%	69.8%
% Asian	7.0%	1.4%
% Foreign Born	10.7%	-3.6%

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Mortgage and Risk — Libertyville, IL

According to HUD data as of 2023, there were 419 mortgage originations in Libertyville, IL, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Libertyville, IL. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	419
% Conventional Loans	96.0%
% Government Loans	4.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Libertyville, IL

As of 2024, the percent of homes in Libertyville, IL under the Section 8 program is 15.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Libertyville, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	282
Total Units Section 8	264
% Rentals under Section 8	15.8%
% Occupied Section 8	88.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$180	$1,650	$1,830
2 Bedroom	-$130	$2,200	$2,070
3 Bedroom	-$1,190	$3,850	$2,660
4 Bedroom	-$1,880	$5,000	$3,120

Libertyville, IL—60048

Key Metrics at a Glance

Home Price Trends — Libertyville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Libertyville, IL

% of Rental Stock

Property Listings — Libertyville, IL

Demographics — Libertyville, IL

Race and Ethnicity

Mortgage and Risk — Libertyville, IL

Mortgages

Rentals and Section 8 — Libertyville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Libertyville, IL

Home Price to Income Ratio

Libertyville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Vernon Hills, IL

Gurnee, IL

Lake Bluff, IL

North Chicago, IL

Lake Forest, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$631,000
Median Household Income	$169,000

Libertyville, IL—60048

Key Metrics at a Glance

Home Price Trends — Libertyville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Libertyville, IL

% of Rental Stock

Property Listings — Libertyville, IL

Demographics — Libertyville, IL

Race and Ethnicity

Mortgage and Risk — Libertyville, IL

Mortgages

Rentals and Section 8 — Libertyville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Libertyville, IL

Home Price to Income Ratio

Libertyville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Vernon Hills, IL

Gurnee, IL

Lake Bluff, IL

North Chicago, IL

Lake Forest, IL

Frequently Asked Questions

What is the average home price in Libertyville, IL 60048?

How have home prices in Libertyville, IL 60048 changed over the past year?

What is the home price projection for Libertyville, IL 60048?

What are the demographics of Libertyville, IL 60048?

How long does it take homes to sell in Libertyville, IL 60048?

What is the average rent price in Libertyville, IL 60048?