Real Estate Investing in Libertyville, Illinois (60048)
Should you buy in 60048 (Libertyville, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Libertyville, IL (60048)?
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Market Analysis: 60048 Libertyville
ZIP 60048 in Libertyville, IL carries a substantial set of headwinds. Home values near $631K and rents of $2,542/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 60048 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 60048's metrics run below Lake County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 60048 includes headwinds that any investor should price in. Income distribution skews lower than Libertyville averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 60048 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Libertyville:
Property Strategy for 60048
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $313,385 | $2,000 | 4.6% | +8.2% | $156,693 |
| 3BR | $484,858 | $2,580 | 3.8% | +7.1% | $161,619 |
| 4BR | $704,502 | $2,980 | 3.0% | +7.7% | $176,126 |
| 5BR | $931,264 | — | — | +8.3% | $186,253 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60048 Compare?
| Metric | 60048 | Libertyville | Illinois |
|---|---|---|---|
| Home Value | $631,040 | $631,040 | $279,761 |
| 5-Year CAGR | 6.8% | 6.8% | 6.6% |
| Avg Rent | $2,542 | $2,542 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60048 (Libertyville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $631,040 |
| Monthly Rent | $2,542 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | +17.8% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60048
Population: 28,945
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 60048
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,032 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What investment strategy works best in Libertyville, IL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Libertyville, IL. The numbers - $631K homes against $2,542/mo rents - support that play.
What are rental rates like in Libertyville, IL?
Rent in Libertyville, IL is around $2,542/mo. The resulting rent-to-value relationship with $631K pricing is reasonable for most investor models.
Is it easy to find good tenants in Libertyville, IL?
Libertyville, IL draws a steady base of working renters. Demand at the $2,542/mo rent level is reasonable for standard single-family and small multi rentals.
Is IL a landlord-friendly state?
Libertyville, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is house hacking profitable in Libertyville, IL?
House hacking in Libertyville, IL is a challenging. With home values around $631K and rents at $2,542/mo, owner-occupants can offset a meaningful share of PITI.
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