60045, Lake Forest, IL

Lake Forest, Illinois is a suburb of Chicago. The 60045 zip code covers a total area of about 10 square miles. As of the 2010 census, the population was about 68,000 people. The median household income was about $101,000. Home equity is an important part of many Americans' lives and plays an important role in their overall financial stability.

According to Zillow, the median home value in Lake Forest was $306,500 as of September 2017. This represents a decrease from the previous year's median home value of $328,500 but an increase from the year before that when the median home value was $291,500. Over the past five years (2013-2017), the median home value has decreased by 2%. However, during this same time period (2013-2017), prices have increased by 7% nationally and 8% in Illinois as a whole.

The average price per square foot for homes in Lake Forest is slightly higher than it is nationwide at $183/sqft but lower than it is statewide at $226/sqft. This suggests that homes in Lake Forest are relatively affordable when compared to other areas within Illinois and across the United States. Additionally, according to Trulia data from October 2017, Lake Forest has one of the lowest rates of foreclosure among all U.S. zip codes with only 0.5% of homes currently listed for sale as being foreclosed on (compared to 1% nationwide).

Overall, despite recent decreases in home values and rates of foreclosure within certain areas within Lake Forest – such as neighboring Brookfield – homeownership remains relatively high compared to other areas within Illinois and across America as a whole; furthermore there are still many opportunities available for those who are interested in purchasing or investing in property within this particular area!