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Libertyville, IL

Full City Profile · Illinois · Lake County County

4.0 /5.0
A Great
20,493 Population 2,326/sq mi density
$162,270 Median Income $81,283 per capita
$499,300 Home Value $589,497 Zillow
$1,537 Median Rent 28.9% income on rent
48°F Avg Temperature 261 sunny days/yr
54 Violent Crime/100K 1,295 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$162,270 median income, 1.9% unemployment
A+
Affordability
5.0 / 5.0
$499,300 home value, $1,537/mo rent
F
Safety
1.0 / 5.0
54 violent crimes/100K
A+
Education
5.0 / 5.0
71.5% bachelor's degree or higher

Housing Overview

Median Home Value
$499,300
77% above
US avg: $281,900
Median Rent
$1,537/mo
32% above
US avg: $1,163/mo
Homeownership Rate
80.0%
22% above US avg (65.4%)
Total Housing Units
7,905
Median year built: 1976

Home Value by Source

Census Median
$499,300
Zillow (ZHVI)
$589,497
Median Sale Price
$660,000
Median List Price
$675,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

80.0%
Owner-Occupied
20.0%
Renter-Occupied
80%
20%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $1,537/mo

Market Indicators (Redfin)

Median Days on Market
58 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
18.2%
of listings with price reduction
Price Per Sq Ft
$272
Active Inventory
33
homes for sale

Affordability & Housing Stock

Rent Burden
28.9%
of renters spending 30%+ of income on housing
7% below US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
80.0%

Complete Housing Data

Home Values

Census Median Value$499,300
Zillow Home Value (ZHVI)$589,497
Median Sale Price$660,000
Median List Price$675,000
Price Per Sq Ft$272

Rent

Census Median Rent$1,537
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Days on Market58
Sale-to-List Ratio1.0%
Price Drops18.2%
Homes Sold7
Active Inventory33
Price Per Sq Ft$272

Ownership & Stock

Owner-Occupied80.0%
Renter-Occupied20.0%
Homeownership Rate80.0%
Total Housing Units7,905
Median Year Built1976
Rent Burden28.9%