Forest Lake, IL is an attractive area for homeowners due to its high median housing value of $347,200. This is higher than the US median house value of $338,100 and Forest Lake has also experienced faster appreciation of 8.83% over the past year compared to 8.27% nationally. These factors make Forest Lake a great place to consider investing in a home or relocating to with current and potential future increases in value.
The median home cost in Forest Lake is $347,200. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Forest Lake is up 14.5%.
Average Age of Homes
- The median age of Forest Lake real estate is 28 years old
The Rental Market in Forest Lake
- Renters make up 18.4% of the Forest Lake population
- 0.0% of houses and apartments in Forest Lake, 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.