The housing market in Lake in the Hills, IL is booming. The median house value is $306,800, which is significantly less than the US median house value of $338,100. Despite this disparity, the one year house appreciation for Lake in the Hills was 9.73%, higher than the 8.27% appreciation rate for homes across the United States. This indicates that there is strong demand in the area and that real estate investors should take note of Lake in the Hills due to its rapidly appreciating housing market values.
The median home cost in Lake in the Hills is $306,800. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Lake in the Hills is up 12.6%.
Average Age of Homes
- The median age of Lake in the Hills real estate is 22 years old
The Rental Market in Lake in the Hills
- Renters make up 9.6% of the Lake in the Hills population
- 0.0% of houses and apartments in Lake in the Hills, 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.