Cheap Homes in Libertyville, IL

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Top Reasons To Live In Libertyville, IL In 2024

Libertyville is located in Lake, Illinois, with an estimated municipal population of 20,205 residents. All of the best foreclosed homes for sale in Libertyville are located in the following zip code areas on 60048. The estimated population per square kilometer (.62 miles) in Libertyville is 885.

Cost Of Living In Libertyville, IL

So, about how much do homes cost in Libertyville? The most recent median value of resident-owned homes in Libertyville is 446,011. An estimated 79.9 percent of households in Libertyville own their homes, with an average family size of 3.2. The median household income in Libertyville is 134,110, with60.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Libertyville, the median commute time of resident workers (in minutes) is 26.8. And last, but certainly not least, are you looking for homes to rent in Libertyville? If so, the average rent price paid by renters in Libertyville is 1,313, according to recent statistics.

Diversity And Demographics In Libertyville, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Libertyville, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Libertyville is 44.2, split between 48.6 percent male versus 51.4 female. The percentage of residents who report being married in Libertyville is 59.5, with an average family size of 3.2.

The percentage of residents who report their race in Libertyville is as follows:

White 89.3%
Black / African American 1%
Asian 6.8%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.6%
Other 0.8%

Looking for family-friendly neighborhoods in and/or near Libertyville? Or maybe you are searching for 55+ active adult communities in and/or near Libertyville?

The percentage of residents who report their age in Libertyville is as follows:

Under 10 11.4%
Aged 10-19 17.3%
20s 8.1%
30s 8.5%
40s 14%
50s 18.4%
60s 10.5%
70s 6.8%
80+ 4.9%

Best Schools In Libertyville, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Libertyville with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Libertyville.

Pros And Cons Of Living In Libertyville, Illinois

How do you know that living in -- or moving to -- Libertyville is right where you need to be? Perhaps you grew up in Libertyville or already live nearby; therefore, the decision to buy a home in Libertyville is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Libertyville for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Libertyville:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Libertyville.

Reasons To Move To Libertyville, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Libertyville can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Libertyville, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Libertyville, IL


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