Vernon Hills, IL 60061 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Vernon Hills, IL—60061

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$433,000

4.8% YoY Growth

Household Income

$122,000

22.9% YoY Growth

Days on Market

22.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$2,750

1.4% YoY Growth

1-Bed Rent

$2,330

2.2% YoY Growth

2-Bed Rent

$2,980

0.4% YoY Growth

3-Bed Rent

$3,500

2.3% YoY Growth

Home Price Trends — Vernon Hills, IL

As of Dec '25, the median home price in Vernon Hills, IL is $433,000, with a year-over-year change of 4.8%. This indicates that home prices in Vernon Hills, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$433,000	4.8%
Single Family	$504,000	4.1%
Condos	$246,000	6.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Vernon Hills, IL

As of July '25, Rentcast reports the average rent in Vernon Hills, IL is $2,830, with a year-over-year rent change of 1.4%. Per bedroom, the median rent as of July '25 in Vernon Hills, IL is studios: $2,330, 1-bedrooms: $2,320, 2-bedrooms: $2,800, 3-bedrooms: $3,490, 4-bedrooms: $4,170. The most common rental property sizes in Vernon Hills, IL are 2-bedroom and 1-bedroom, accounting for 49.7% and 23.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,750	$2,830
Studio Rent	$2,380	$2,330
1 Bed Rent	$2,330	$2,320
2 Bed Rent	$2,980	$2,800
3 Bed Rent	$3,500	$3,490
4 Bed Rent	$3,700	$4,170

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% of Rental Stock

Studio

5.8%

1 Bedroom

23.1%

2 Bedrooms

49.7%

3 Bedrooms

20.3%

4 Bedrooms

0.7%

5+ Bedrooms

0.4%

Property Listings — Vernon Hills, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Vernon Hills, IL is 36. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 5.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$485,000	-6.0%
Listing Count	64	31.0%
Listings as % of Homes	0.5%	31.0%
Days on Market	55	22.0%

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Demographics — Vernon Hills, IL

As of the latest ACS Survey released in 2023, Vernon Hills, IL has a population of 27,900, which has increased by 3.3% over the past 5 years. Vernon Hills, IL is a moderately popular place for families, as children make up 23.7% of the population. The area has a highly educated workforce, with 66.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	27,900	3.3%
% Under 18	23.7%	-9.9%
% Seniors	16.6%	26.7%
% WFH	26.1%	392.5%
% w/ College Degree	66.4%	4.4%

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As of the latest ACS Survey released in 2023, Vernon Hills, IL is a predominantly white area, with 57.3% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Vernon Hills, IL is asian, making up 24.6% of the population. Foreign-born residents account for 32.6% of the population in Vernon Hills, IL, and this percentage has increased by 4.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	57.3%	-3.0%
% Black	1.8%	-43.8%
% Hispanic	12.3%	1.7%
% Asian	24.6%	7.0%
% Foreign Born	32.6%	4.5%

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Mortgage and Risk — Vernon Hills, IL

According to HUD data as of 2023, there were 437 mortgage originations in Vernon Hills, IL, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Vernon Hills, IL. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	437
% Conventional Loans	98.0%
% Government Loans	2.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Vernon Hills, IL

As of 2024, the percent of homes in Vernon Hills, IL under the Section 8 program is 7.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Vernon Hills, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	318
Total Units Section 8	318
% Rentals under Section 8	7.9%
% Occupied Section 8	89.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$220	$2,330	$2,110
2 Bedroom	-$600	$2,980	$2,380
3 Bedroom	-$440	$3,500	$3,060
4 Bedroom	-$110	$3,700	$3,590

Vernon Hills, IL—60061

Key Metrics at a Glance

Home Price Trends — Vernon Hills, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Vernon Hills, IL

% of Rental Stock

Property Listings — Vernon Hills, IL

Demographics — Vernon Hills, IL

Race and Ethnicity

Mortgage and Risk — Vernon Hills, IL

Mortgages

Rentals and Section 8 — Vernon Hills, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Vernon Hills, IL

Home Price to Income Ratio

Vernon Hills, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Lincolnshire, IL

Libertyville, IL

Buffalo Grove, IL

Mundelein, IL

Forest Lake, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$433,000
Median Household Income	$122,000

Vernon Hills, IL—60061

Key Metrics at a Glance

Home Price Trends — Vernon Hills, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Vernon Hills, IL

% of Rental Stock

Property Listings — Vernon Hills, IL

Demographics — Vernon Hills, IL

Race and Ethnicity

Mortgage and Risk — Vernon Hills, IL

Mortgages

Rentals and Section 8 — Vernon Hills, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Vernon Hills, IL

Home Price to Income Ratio

Vernon Hills, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Lincolnshire, IL

Libertyville, IL

Buffalo Grove, IL

Mundelein, IL

Forest Lake, IL

Frequently Asked Questions

What is the average home price in Vernon Hills, IL 60061?

How have home prices in Vernon Hills, IL 60061 changed over the past year?

What is the home price projection for Vernon Hills, IL 60061?

What are the demographics of Vernon Hills, IL 60061?

How long does it take homes to sell in Vernon Hills, IL 60061?

What is the average rent price in Vernon Hills, IL 60061?