Crystal Lake, Illinois Housing Market Prices
Crystal Lake Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 70% above the Illinois median$254,750
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Median rent 12% above the Illinois median$1,429
Housing Market Overview
| Metric | Crystal Lake | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $254,750 | $149,936 | $248,835 |
| Price Trend (Annual %) | 5.9% | 2.5% | 7.5% |
| Median Gross Rent | $1,429 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 2.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Crystal Lake is about 70% higher than in Illinois. Rent is about 12% higher than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Crystal Lake, up about 5.9% and 2.3% a year respectively. Home prices are changing faster.
Median rent in Crystal Lake rose about 24.9% between 2015 and 2024, from $1,145 to $1,429. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Crystal Lake.
Buying the median-priced home in Crystal Lake costs roughly 14.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Crystal Lake. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Crystal Lake | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $254,750 | $149,936 | $248,835 |
| Median Household Income | $106,177 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Crystal Lake rose about 158.3%, while median household income rose about 34.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Crystal Lake | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.6% | 61.9% | 58.5% |
| Rental Rate | 19.6% | 30.4% | 31.2% |
| Vacancy Rate | 2.8% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Crystal Lake has a homeownership rate of 77.6%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 2.8%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Crystal Lake | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1982 | 1969 | 1978 |
| Median Number of Rooms | 6.8 | 5.6 | 5.5 |
The typical housing unit in Crystal Lake was built around 1982. On average, 2.7 people live in a home with about 6.8 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Crystal Lake, Illinois.
What is the median home price in Crystal Lake, Illinois?
The median home price in Crystal Lake, Illinois is $254,750, higher than the Illinois average of $149,936.
What is the average home price in Crystal Lake, Illinois?
The typical home price in Crystal Lake, Illinois, reported as the median sale price, is $254,750. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Crystal Lake, Illinois?
The median gross rent in Crystal Lake, Illinois is $1,429 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Crystal Lake in 2020?
In 2020, the median gross rent in Crystal Lake, Illinois was $1,200 per month.
What is the price-to-rent ratio in Crystal Lake, Illinois?
The price-to-rent ratio in Crystal Lake, Illinois is about 14.9, meaning it would take roughly 14.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Crystal Lake.
Are home prices or rent rising faster in Crystal Lake, Illinois?
Both home prices and rent are rising in Crystal Lake, up about 5.9% and 2.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Crystal Lake, Illinois?
77.6% of households in Crystal Lake, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Crystal Lake, Illinois?
The housing vacancy rate in Crystal Lake, Illinois is 2.8%, lower than the Illinois average of 7.7%.
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