Zip Code:

60085, Waukegan, IL

60085 is a Illinois Zip code within the city of Waukegan and the county of Lake County. Its population is roughly 70,700.

The Real Estate Market in the 60085 Zip Code of Waukegan, IL

The 60085 zip code of Waukegan, IL has a population of about 60,000 and a median household income of around $60,000. Home prices in this area have been increasing steadily for the past few years, reaching a peak in 2017 before slowly declining since then. As of March 2019, the median home price in this zip code is $269,500.

One reason why home prices in the 60085 zip code have been increasing steadily is that there are a lot of homes available for sale. In fact, according to Zillow’s March 2019 Home Price Index report, there are currently 592 homes for sale in this zip code. This is significantly more than the number of homes that were available for sale at this time last year (409). This indicates that buyers are increasingly interested in purchasing homes in this area.

Another reason why home prices have been rising rapidly in the 60085 zip code is because there is a high demand for housing here. According to Zillow’s March 2019 Housing Market Report, Waukegan has one of the highest rates of growth among all U.S. cities with over 100,000 residents (2%). This high demand means that there are plenty of potential buyers who are willing to pay higher prices for properties located here.

Overall, it appears that home prices have been on an upward trend throughout most of the 60085 zip code over the past few years. However, it's important to keep in mind that they could potentially decline again if there is an increase in supply or if interest rates rise significantly from their current levels.

Price Index: Lake County-Kenosha County, IL-WI (MSAD)

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