Real Estate Investing in Vernon Hills, Illinois (60061)
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Should you buy in 60061 (Vernon Hills, 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 Vernon Hills, IL (60061)?
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Market Analysis: 60061 Vernon Hills
The 60061 ZIP in Vernon Hills, IL is a local-operator market. Outside capital chasing a $462K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 60061 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 60061 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 60061 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 60061 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Vernon Hills:
Property Strategy for 60061
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $249,592 | $2,390 | 6.9% | +9.1% | $124,796 |
| 3BR | $447,159 | $3,080 | 5.0% | +8.7% | $149,053 |
| 4BR | $640,310 | $3,560 | 4.0% | +8.3% | $160,077 |
| 5BR | $857,279 | — | — | +8.0% | $171,456 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60061 Compare?
| Metric | 60061 | Vernon Hills | Illinois |
|---|---|---|---|
| Home Value | $461,634 | $461,634 | $279,761 |
| 5-Year CAGR | 6.9% | 6.9% | 6.6% |
| Avg Rent | $2,420 | $2,420 | - |
| Cap Rate | 4.1% | 4.1% | - |
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 60061 (Vernon Hills, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $461,634 |
| Monthly Rent | $2,420 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 60061
Population: 27,883
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 60061
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
Frequently Asked Questions
What is the typical vacancy rate in Vernon Hills, IL?
Vernon Hills, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Vernon Hills, IL a good place for real estate investing?
Yes - Vernon Hills, IL a 3.0/5 investability score. With $462K home prices against $2,420/mo monthly rent, the market delivers a reasonable entry point for new investors.
What does house hacking look like in Vernon Hills, IL?
The a challenging house-hack environment in Vernon Hills, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How do landlord-tenant laws work in Vernon Hills, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Vernon Hills generally follows the statewide framework, so landlords face reasonable operating rules.
How expensive is real estate in Vernon Hills, IL?
Median home price in Vernon Hills, IL is near $462K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
You know 60061 now. You don’t know where it ranks.
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How 60061 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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