Libertyville, IL—60048
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Libertyville, IL
As of Oct '25, the median home price in Libertyville, IL is $595,000, with a year-over-year change of 6.4%. This indicates that home prices in Libertyville, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $595,000 | 6.4% |
| Single Family | $635,000 | 6.4% |
| Condos | $315,000 | 6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $313,000 | 6.1% |
3 Bed | $485,000 | 6.1% |
4 Bed | $705,000 | 5.4% |
| 5 Bed | $931,000 | 5.6% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Libertyville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Libertyville, IL is 43. This is a increase of 23.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $586,000 | 6.0% |
Listing Count | 72 | -23.0% |
| Listings as % of Homes | 0.7% | -23.0% |
Days on Market | 43 | 23.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Libertyville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $595,000 |
| Median Household Income | $169,000 |