ZIP 60048 - 860Z200US60048 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 60048, located in the heart of Lake County, Illinois, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 29,000 and a strong economic profile, this ZIP code—covering parts of Libertyville and surrounding areas—presents unique opportunities for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s dive into the latest data to help you understand the community, housing market, and economic landscape.

Population & Households

ZIP 60048 is home to 28,945 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 10,448 households, reflecting a stable residential base. The total number of housing units stands at 10,826, indicating a slight surplus of available homes or rentals compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

One of the standout metrics for ZIP 60048 is its robust median household income of $169,283. This figure points to a high-earning community, likely attracting professionals and families with strong purchasing power. Housing costs align with this affluence, as the median home value is $535,100—a significant investment that reflects the area’s desirability and quality of life. For renters, the median rent is $1,569 per month, which, while substantial, remains more accessible than owning for those not ready to buy. These numbers highlight ZIP 60048 as a premium market with opportunities for high-end real estate and business ventures catering to affluent residents.

Race & Ethnicity

The demographic makeup of ZIP 60048 offers insight into the community’s diversity. The population is predominantly White at 80.85%, with smaller but notable shares of Asian (7.03%) and Hispanic (7.29%) residents. Black residents make up 0.99% of the population. This composition suggests a primarily homogeneous area with growing diversity, which could influence cultural offerings, community dynamics, and business opportunities. For small-business owners, understanding these demographics can help tailor services or products to the majority while also addressing niche markets.

Key Facts

• Total population: 28,945 residents in 2023, offering a sizable community for engagement.
• Total households: 10,448, indicating a strong base of family and individual units.
• Total housing units: 10,826, with a small surplus of available properties.
• Median household income: $169,283, reflecting significant economic strength.
• Median home value: $535,100, positioning this as a high-value real estate market.
• Median rent: $1,569, providing a more accessible entry point for non-buyers.
• Racial composition: 80.85% White, 7.03% Asian, 7.29% Hispanic, 0.99% Black, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 60048 offers a premium living experience with high home values and a strong community income base, suggesting long-term value appreciation and quality amenities. However, the $535,100 median home price means you’ll need substantial financial readiness or a strategic mortgage plan. Investors and agents can capitalize on the slight surplus of housing units (10,826 vs. 10,448 households), which may indicate opportunities for flipping, rentals, or new listings in a high-demand market. The high median rent of $1,569 also supports a strong rental income potential. For small-business owners, the affluent population with a median income of $169,283 presents a customer base with disposable income, ideal for premium goods, services, or dining. Finally, analysts can use this data to benchmark ZIP 60048 against neighboring areas for market trends or growth potential, especially noting the area’s demographic stability and economic strength.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60048? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions for buying, investing, or launching a business with confidence.