Lake County, IL Housing

Lake County, Illinois has an impressive median housing value of $296,900, which is significantly lower than the median housing value in the United States as a whole ($338,100). Further, house appreciation in Lake County has seen a 9.35% rise over the past year, slightly higher than the 8.27% growth seen nationwide. With its relatively low housing values and strong appreciation trend, Lake County is an attractive option for people looking to invest in real estate.

The median home cost in Lake County is $296,900. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Lake County is up 14.5%.

Average Age of Homes

- The median age of Lake County real estate is 36 years old

The Rental Market in Lake County

- Renters make up 23.1% of the Lake County population
- 1.2% of houses and apartments in Lake County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lake, Illinois	United States
	268,508.0	139,647,020.0
	40	42
	$296,900	$338,100
	14.5%	16.6%
	31.8%	57.0%
	54.6%	101.1%
	$28.77	$10.98
	$8,040	$2,690
	69.5%	57.4%
	5.9%	11.2%
	24.7%	31.4%
Vacant Housing
	1.2%	1.9%
	0.2%	0.4%
	0.8%	0.7%
	0.3%	0.4%
	1.3%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	0.8%	2.4%
	0.8%	2.8%
	1.2%	3.9%
	2.4%	4.5%
	11.0%	11.3%
	14.5%	13.0%
	21.6%	20.1%
	15.7%	13.6%
	9.8%	8.3%
	12.7%	9.7%
	4.4%	3.9%
	2.0%	2.2%
	0.7%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	14.4%	13.6%
	14.4%	13.6%
	19.6%	13.6%
	14.3%	13.2%
	15.7%	14.8%
	19.6%	13.6%
	10.3%	10.0%
	3.9%	4.7%
	8.9%	12.2%

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