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City · 26,876 residents · Lake County, Illinois

Vernon Hills , Illinois

In Vernon Hills, a typical home is worth $412,300 and typical rent is $1,903 a month. Compared with all of Lake County, typical rent is 29% higher, the typical home value is 19% higher, and the share of households that own their home is 7 points lower.

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  • Typical home value

    $412,300

    19% above the county

    57% above Illinois

    • Vernon Hills
    • Lake
    • Illinois

  • Typical rent

    $1,903a month

    29% above the county

    49% above Illinois

    • Vernon Hills
    • Lake
    • Illinois

  • Typical household income

    $121,943a year

    10% above the county

    46% above Illinois

    • Vernon Hills
    • Lake
    • Illinois

  • Households that own their home

    67%

    7 points below the county

    About the same as Illinois

    • Vernon Hills
    • Lake
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$455,838
5.9% more than 12 months ago
Typical rent
$2,587 a month
4% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Vernon Hills is in Lake County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lake County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Vernon Hills apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Mundelein, the typical home value is $309,700: 25% less than in Vernon Hills ($412,300).

  2. The typical rent in Vernon Hills is $1,903 a month, 29% more than in Lake County as a whole ($1,477).

  3. Nearby, in Mundelein, the typical rent is $1,566: 18% less than in Vernon Hills ($1,903).

  4. The typical home in Vernon Hills is worth $412,300, 19% more than in Lake County as a whole ($345,700).

  5. 67% of households in Vernon Hills own their home, against 75% in Lake County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Vernon Hills

What homes there are in Vernon Hills, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Vernon Hills there is a bit of everything: no kind of home reaches half. The most common are detached houses (38%); in Lake County, 67%.

Year built

The typical home in Vernon Hills was built in 1991, 8 years after the typical one in Lake County.

Homes in Vernon Hills are smaller: 58% have 3 bedrooms or more; in Lake County, 68%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,824 a month

Lake County: $2,503 a month

Without a mortgage

$1,388 a month

Lake County: $1,088 a month

Owners with a mortgage

60%

Lake County: 64%

Owning costs more in Vernon Hills: with a mortgage, the typical cost is $2,824 a month; in Lake County, $2,503. Without one, $1,388.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Vernon Hills gained value more slowly than in Lake County: 18% since 2015–2019, against 30%.

The typical rent in Vernon Hills rose 18% over the same time; in Lake County, it rose 23%.

To compare: typical income in Vernon Hills rose 17%; the home, +18%; the rent, +18%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureVernon HillsLake CountyIllinoisUnited States
Rental vacancy Unreliable estimate3.7%5.0%5.5%
Homeowner vacancy Unreliable estimate0.9%1.0%0.9%
More than one person per room Unreliable estimate2.9%2.5%3.4%
People per household 2.432.692.462.53
Drive alone 61%66%66%69%
Carpool 5%9%8%9%
Public transit 3%3%6%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 29%20%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Vernon Hills has 2.43 people, fewer than in Lake County (2.69).

Many people here do not commute at all: 29% work from home; in Lake County, 20%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Vernon Hills?

A typical home costs more than the typical income allows

We start with a typical home in Vernon Hills, worth $412,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in Vernon Hills, which is $121,943 a year. For that payment to be 28% of income, a household would need to earn about $168,494 a year.

The calculator's FHA and conventional loan limits are those of all of Lake County.

Your numbers

Local data
$

Starts at the typical home value in Vernon Hills. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,431 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,932

at 7.18% · 30 years

Loan amount
$404,832
Total interest
$582,458
Paid off in
November 2056

Includes $6,963 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,845 a month

  • Tight

    $2,845 to $3,658 a month

  • Hard

    more than $3,658 a month

    Your payment · 39%

Compared with the typical household income in Vernon Hills ($121,943 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,932
Principal & interest$2,742
Property tax$835
Home insurance$172
FHA mortgage insurance (MIP)$182

You need at least $14,431 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Vernon Hills and Lake County

Vernon Hills is in Lake County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Vernon Hills's own numbers

Typical home value
$412,300
Typical monthly rent
$1,903
Typical yearly household income
$121,943
Households that own their home
67%
Effective property tax rate
2.43%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Lake County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lake County.

Everything about Lake County

Buying

Buying a home in Vernon Hills

A typical home in Vernon Hills is worth $412,300: 19% above the county and 57% above Illinois. With the typical household income in Vernon Hills ($121,943 a year), a typical home costs 3.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Vernon Hills 3.4 years
  • Lake 3.1 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Lake County

According to FHFA’s house price index, home prices in Lake County rose 66% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Lake County.

Period County Illinois U.S.
Last year (2025) +6.7% +5.7% +2.9%
5 years (2020–2025) +54% +47% +47%
10 years (2015–2025) +66% +65% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Vernon Hills next to Lake County, Illinois and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Vernon Hills $412,300
  • Lake $345,700
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Vernon Hills $1,903
  • Lake $1,477
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Vernon Hills $121,943
  • Lake $110,416
  • Illinois $83,390
  • United States $80,734
See the full table
Vernon Hills next to Lake County and Illinois
Measure Vernon Hills Lake County Illinois U.S.
Typical home value $412,300 $345,700 $263,300 $332,700
Typical monthly rent $1,903 $1,477 $1,274 $1,413
Typical yearly household income $121,943 $110,416 $83,390 $80,734
Households that own their home 67% 75% 67% 65%
Typical yearly property tax $10,001 $8,923 $5,298 $3,119
Effective property tax rate 2.43% 2.58% 2.01% 0.94%
Renters with high rent for their income 49% 49% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lake County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Vernon Hills

For a typical $412,300 home in Vernon Hills, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Vernon Hills's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,932a month

    Least cash to close
    Down payment
    $14,431
    Cash to close
    $26,800
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $182

  • Conventional, 5% down $3,856a month

    Down payment
    $20,615
    Cash to close
    $32,984
    Rate
    7.18%
    Mortgage insurance
    PMI · $196

  • Conventional, 20% down, no PMI $3,241a month

    Down payment
    $82,460
    Cash to close
    $94,829
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,622a month

    Down payment
    $61,845
    Cash to close
    $74,214
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Vernon Hills and for Lake County.

Property tax

Effective rate in Vernon Hills

2.43%of the home’s value each year

$10,001 a year for the typical owner in Vernon Hills.

  • Vernon Hills 2.43%
  • Lake 2.58%
  • Illinois 2.01%

What Illinois publishes General Homestead Exemption (Illinois Department of Revenue)

Exemptions and deadlines in Illinois

Flood risk in Lake County

FEMA does not publish these numbers by city: they are for all of Lake County.

Homes in the high-risk zone
2%
4,579
Of those, with NFIP insurance
24%
County Illinois U.S.
Homes in the high-risk zone 2% 1.5% 3.5%
Of those, with NFIP insurance 24% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Vernon Hills

Typical rent in Vernon Hills is $1,903 a month: 29% above the county. In Vernon Hills, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Lake County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.

HUD fair market rent for all of Lake County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,678 $32.27 $67,120
1 bedroom $1,780 $34.23 $71,200
2 bedrooms $2,011 $38.67 $80,440
3 bedrooms $2,586 $49.73 $103,440
4 bedrooms $2,954 $56.81 $118,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Vernon Hills

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Vernon Hills is in ZIP code 60061.

For 2 bedrooms it is $2,620: $609 more than the fair market rent for Lake County ($2,011).

  • 60061 $2,620$3,370

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Vernon Hills when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Vernon Hills

HUD lists 2 buildings with rents for lower incomes in Vernon Hills. These are the largest.

  • Victory Centre of Vernon Hills Senior 97 W Phillip Rd, Vernon Hills 60061 111 low-income homes · 1 bd: 90 · 2 bd: 21 · In service since 2012
  • Pebbleshire Apartments II 840 Cherry Valley Rd, Vernon Hills 60061 58 low-income homes · For families (847) 367-1373

See all 67 buildings in Lake County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Vernon Hills

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Lake County; 1 says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Vernon Hills

No down payment, repair or rent-help program on our list is for Vernon Hills or Lake County. The ones below are statewide in Illinois: they work in Vernon Hills the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near Vernon Hills

The HUD-approved agencies closest to the center of Vernon Hills, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Partners for Affordable Housing

    800 S Milwaukee Ave Ste 201, Libertyville · 3 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (847) 263-7478

  • Lake County Housing Authority

    22843 N Lakewood Ln, Lake Zurich · 6 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (847) 223-1170

  • Hana Center-Prospect Heights

    664 N Milwaukee Ave Ste 213, Prospect Heights · 9 miles away · Spanish

    Also serves in Korean.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (847) 520-1999

Every agency in Lake County All counseling agencies in Illinois

Help in Spanish near Vernon Hills

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Vernon Hills

HUD’s record names them for Vernon Hills or Lake County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the County of Lake, IL. Public housing and Section 8 vouchers (847) 223-1170

2 other authorities have an office in Lake County: see the list Source: HUD

Cities

Other cities in Lake County

These cities are also in Lake County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Lake County Housing in Illinois
See 20 more cities in Lake County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Vernon Hills, with the typical home value.

Neighboring counties

If Lake County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Vernon Hills.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Vernon Hills

Short answers with the numbers for Vernon Hills and all of Lake County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Vernon Hills?

The typical home value in Vernon Hills is $412,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lake County it is $345,700.

How much does it cost to rent in Vernon Hills?

Typical rent in Vernon Hills is $1,903 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lake County is $2,011.

What is the FHA loan limit in Vernon Hills?

Vernon Hills uses the FHA limit for all of Lake County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Vernon Hills?

The typical homeowner in Vernon Hills pays $10,001 a year, according to the U.S. Census Bureau. That is 2.43% of the home’s value; in Lake County, the rate is 2.58%.

Where can I find free help to buy or rent in Vernon Hills?

There are 2 HUD-approved counseling agencies with an office in Lake County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).