The housing market in Lake Villa, IL is currently performing well above the US average. The median house value in Lake Villa is $288,300 which is significantly lower than the US median value of $338,100. Furthermore, the 1 year appreciation rate for houses in Lake Villa is 8.83%, compared to the US 1 year appreciation rate of 8.27%. This suggest that the housing market in Lake Villa is very strong and it continues to rise at a greater pace than that of the nation.
The median home cost in Lake Villa is $288,300. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Lake Villa is up 14.5%.
Average Age of Homes
- The median age of Lake Villa real estate is 21 years old
The Rental Market in Lake Villa
- Renters make up 22.2% of the Lake Villa population
- 0.6% of houses and apartments in Lake Villa, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.