Gurnee, IL 60031 - Real Estate Investment Insights & Performance Data

Welcome to our 60031 real estate data hub, tailored for investors in Gurnee, IL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 60031 in Gurnee, IL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in LAKE COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Gurnee, IL real estate investing. Uncover the wealth of information available, and position yourself for success in the Gurnee property market.

• Location Overview

  • Zip Code: 60031
  • City: Gurnee
  • State: IL
  • Metro Area: Chicago-Naperville-Elgin, IL-IN-WI
  • County Name: LAKE COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $316,195
  • Average Home Price (Single Family Homes): $327,688
  • Average Monthly Rental Price (All Types): $1,688
  • Price-to-Rent Ratio: 16
  • Zillow Projected % appreciation from 4/2023-4/2024: -1.5%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,570
  • Average 3 Bedroom Section 8 Rental Rates: $1,990
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 16.78
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.24
  • Number of Units Offered in Section 8 in the County: 3685
  • Number of Occupied Units in Section 8 in the County: 3427
  • Percentage of Section 8 Units Occupied in the County: 93%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 86.68
  • Total % Appreciation since 2000 (Government Data): 43.79
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.26%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.05%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 21.85%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 23.82%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 57.46%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 18%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 37.01%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.68%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.17%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%