The housing market in Round Lake, IL is thriving. With a median house value of $261,800, it is slightly below the US median house value of $338,100. Although slightly lower than the national average, Round Lake has seen an 8.83% appreciation in home values over the past year, which is higher than the US 1 year house appreciation of 8.27%. This indicates that the housing market in Round Lake is experiencing healthy growth and would be a good place for potential buyers to consider.
The median home cost in Round Lake is $261,800. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Round Lake is up 14.5%.
Average Age of Homes
- The median age of Round Lake real estate is 15 years old
The Rental Market in Round Lake
- Renters make up 19.3% of the Round Lake population
- 0.5% of houses and apartments in Round 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.