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Libertyville

Learn about the people, housing, costs and businesses in Libertyville, Illinois

Median Home$549,774
Median Rent$1,768/month
Population20,337
Leading IndustriesArts, Food & Hospitality · Transportation · Healthcare12% arts, food & hospitality
Home Value Growth⬆⬆+16.8% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners80% of occupied units
NotableHighly Educated38% bachelor's · 21% graduate · top 2% nationally
NotableHigh Incomes$177k/year · top 2% nationally
Libertyville
IL

Frequently Asked Questions

What are today's mortgage rates in Libertyville?

As of today, the 30-year fixed mortgage rate for Libertyville is approximately 6.836% (6.841% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Libertyville?

The median home value in Libertyville is $550k. The median monthly rent is $1,768. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Libertyville?

Home values in Libertyville have increased 16.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Libertyville?

Based on a typical all-in ownership cost of $2,626/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $113k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Libertyville is $177k/year.

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What industries drive the economy in Libertyville?

The largest employment sectors in Libertyville are public administration (22%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.