Lake Bluff, IL is a desirable community due to its high housing values and appreciation rates. The median value of housing in Lake Bluff is $680,100, which is significantly higher than the US median house value of $338,100. Additionally, over the past year the US has seen a 8.27% increase in home values, whereas Lake Bluff has seen an even larger appreciation rate of 8.83%. Consequently, Lake Bluff is an attractive place for homeowners and potential buyers alike looking to invest in the real estate market for both short-term and long-term gains.
The median home cost in Lake Bluff is $680,100. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Lake Bluff is up 14.5%.
Average Age of Homes
- The median age of Lake Bluff real estate is 50 years old
The Rental Market in Lake Bluff
- Renters make up 14.8% of the Lake Bluff population
- 0.9% of houses and apartments in Lake Bluff, 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.