Lake Forest, IL is known for having some of the most expensive housing in the United States. The median value of homes in Lake Forest is $898,600, which is more than double the US median house value of $338,100. In addition to the high home values, homeowners in Lake Forest have experienced an 8.83% appreciation rate over the last year. This is slightly higher than the US average of 8.27%. Thus, investing in real estate in Lake Forest can be a lucrative opportunity.
The median home cost in Lake Forest is $898,600. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Lake Forest is up 14.5%.
Average Age of Homes
- The median age of Lake Forest real estate is 43 years old
The Rental Market in Lake Forest
- Renters make up 11.2% of the Lake Forest population
- 1.3% of houses and apartments in Lake Forest, 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.