North Chicago, IL 60064 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

North Chicago, IL—60064

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$204,000

6.0% YoY Growth

Household Income

$49,300

41.1% YoY Growth

Days on Market

3.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$1,550

28.8% YoY Growth

1-Bed Rent

$1,050

62.4% YoY Growth

2-Bed Rent

$1,400

8.7% YoY Growth

3-Bed Rent

$1,800

36.4% YoY Growth

Home Price Trends — North Chicago, IL

As of Dec '25, the median home price in North Chicago, IL is $204,000, with a year-over-year change of 6.0%. This indicates that home prices in North Chicago, IL are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$204,000	6.0%
Single Family	$207,000	5.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — North Chicago, IL

As of July '25, Rentcast reports the average rent in North Chicago, IL is $1,610, with a year-over-year rent change of 28.8%. Per bedroom, the median rent as of July '25 in North Chicago, IL is studios: $950, 1-bedrooms: $1,380, 2-bedrooms: $1,370, 3-bedrooms: $1,910, 4-bedrooms: $2,000. The most common rental property sizes in North Chicago, IL are 2-bedroom and 3-bedroom, accounting for 31.9% and 23.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,550	$1,610
Studio Rent	$950	$950
1 Bed Rent	$1,050	$1,380
2 Bed Rent	$1,400	$1,370
3 Bed Rent	$1,800	$1,910
4 Bed Rent	$2,000	$2,000

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% of Rental Stock

Studio

8.1%

1 Bedroom

22.0%

2 Bedrooms

31.9%

3 Bedrooms

23.6%

4 Bedrooms

13.8%

5+ Bedrooms

0.7%

Property Listings — North Chicago, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in North Chicago, IL is 43. This is a decrease of -26.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$217,000	7.0%
Listing Count	15	-21.0%
Listings as % of Homes	0.6%	-21.0%
Days on Market	71	3.0%

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Demographics — North Chicago, IL

As of the latest ACS Survey released in 2023, North Chicago, IL has a population of 15,000, which has decreased by -4.2% over the past 5 years. North Chicago, IL is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	15,000	-4.2%
% Under 18	26.1%	-1.9%
% Seniors	11.8%	12.4%
% WFH	8.5%	150.0%
% w/ College Degree	14.9%	40.6%

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As of the latest ACS Survey released in 2023, North Chicago, IL is a predominantly hispanic area, with 53.6% of the population identifying as hispanic. The hispanic population has grown by 8.5% in the last 5 years. The second most common race or ethnicity in North Chicago, IL is black, making up 32.6% of the population. Foreign-born residents account for 27.3% of the population in North Chicago, IL, and this percentage has increased by 8.3% 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	10.5%	19.3%
% Black	32.6%	-9.4%
% Hispanic	53.6%	8.5%
% Asian	2.1%	0.0%
% Foreign Born	27.3%	8.3%

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Mortgage and Risk — North Chicago, IL

According to HUD data as of 2023, there were 117 mortgage originations in North Chicago, IL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in North Chicago, IL. Investor activity is low, as 7.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	117
% Conventional Loans	69.0%
% Government Loans	31.0%
% Investor Loans	7.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — North Chicago, IL

As of 2024, the percent of homes in North Chicago, IL under the Section 8 program is 25.0%. 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. In North Chicago, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	866
Total Units Section 8	717
% Rentals under Section 8	25.0%
% Occupied Section 8	75.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$230	$1,050	$1,280
2 Bedroom	$40	$1,400	$1,440
3 Bedroom	$50	$1,800	$1,850
4 Bedroom	$170	$2,000	$2,170

North Chicago, IL—60064

Key Metrics at a Glance

Home Price Trends — North Chicago, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Chicago, IL

% of Rental Stock

Property Listings — North Chicago, IL

Demographics — North Chicago, IL

Race and Ethnicity

Mortgage and Risk — North Chicago, IL

Mortgages

Rentals and Section 8 — North Chicago, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — North Chicago, IL

Home Price to Income Ratio

North Chicago, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Great Lakes, IL

Waukegan, IL

Lake Bluff, IL

Waukegan, IL

Lake Forest, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$204,000
Median Household Income	$49,300

North Chicago, IL—60064

Key Metrics at a Glance

Home Price Trends — North Chicago, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Chicago, IL

% of Rental Stock

Property Listings — North Chicago, IL

Demographics — North Chicago, IL

Race and Ethnicity

Mortgage and Risk — North Chicago, IL

Mortgages

Rentals and Section 8 — North Chicago, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — North Chicago, IL

Home Price to Income Ratio

North Chicago, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Great Lakes, IL

Waukegan, IL

Lake Bluff, IL

Waukegan, IL

Lake Forest, IL

Frequently Asked Questions

What is the average home price in North Chicago, IL 60064?

How have home prices in North Chicago, IL 60064 changed over the past year?

What is the home price projection for North Chicago, IL 60064?

What are the demographics of North Chicago, IL 60064?

How long does it take homes to sell in North Chicago, IL 60064?

What is the average rent price in North Chicago, IL 60064?