Lake in the Hills, Illinois Housing Market Prices
Lake in the Hills 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 81% above the Illinois median$271,105
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Median rent 29% above the Illinois median$1,637
Housing Market Overview
| Metric | Lake in the Hills | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $271,105 | $149,936 | $248,835 |
| Price Trend (Annual %) | 12.5% | 2.5% | 7.5% |
| Median Gross Rent | $1,637 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lake in the Hills is about 81% higher than in Illinois. Rent is about 29% 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 Lake in the Hills, up about 12.5% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Lake in the Hills rose about 30.1% between 2015 and 2024, from $1,259 to $1,637. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Lake in the Hills.
Buying the median-priced home in Lake in the Hills costs roughly 13.8 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 Lake in the Hills. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Lake in the Hills | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $271,105 | $149,936 | $248,835 |
| Median Household Income | $111,348 | $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 Lake in the Hills rose about 142.0%, while median household income rose about 29.0% 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 | Lake in the Hills | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.6% | 61.9% | 58.5% |
| Rental Rate | 18.9% | 30.4% | 31.2% |
| Vacancy Rate | 2.5% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Lake in the Hills has a homeownership rate of 78.6%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 2.5%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Lake in the Hills | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.88 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1991 | 1969 | 1978 |
| Median Number of Rooms | 6.5 | 5.6 | 5.5 |
The typical housing unit in Lake in the Hills was built around 1991. On average, 2.9 people live in a home with about 6.5 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lake in the Hills, Illinois.
What is the median home price in Lake in the Hills, Illinois?
The median home price in Lake in the Hills, Illinois is $271,105, higher than the Illinois average of $149,936.
What is the average home price in Lake in the Hills, Illinois?
The typical home price in Lake in the Hills, Illinois, reported as the median sale price, is $271,105. 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 Lake in the Hills, Illinois?
The median gross rent in Lake in the Hills, Illinois is $1,637 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Lake in the Hills in 2020?
In 2020, the median gross rent in Lake in the Hills, Illinois was $1,365 per month.
What is the price-to-rent ratio in Lake in the Hills, Illinois?
The price-to-rent ratio in Lake in the Hills, Illinois is about 13.8, meaning it would take roughly 13.8 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 Lake in the Hills.
Are home prices or rent rising faster in Lake in the Hills, Illinois?
Both home prices and rent are rising in Lake in the Hills, up about 12.5% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lake in the Hills, Illinois?
78.6% of households in Lake in the Hills, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Lake in the Hills, Illinois?
The housing vacancy rate in Lake in the Hills, Illinois is 2.5%, lower than the Illinois average of 7.7%.
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