Median home value in zip code 60047 (Forest Lake, IL) is $628,231, up 6.4% year over year. Part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area.

Home Value$628,231

YoY Change

+6.4%

Prices rising — worse for buyers.

Affordability

Enter your income for 60047 (Forest Lake).

Income (annual)

Down Payment

$125,646 on $628,231

Example: $75,000 household income. Change it above to see your own.

Out of reach70.8% of income

Need $189,686/yr to afford.

PITI$4,426

P/I70.8%

Afford$248K

Gap-$380K

P&I $3,177Tax $1,099Ins $150

6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

60047 is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

View Chicago-Naperville-Elgin, IL-IN-WI analysis

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