Round Lake Beach, Illinois Housing Market Prices
Round Lake Beach 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 19% above the Illinois median$178,762
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Median rent 21% above the Illinois median$1,542
Housing Market Overview
| Metric | Round Lake Beach | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $178,762 | $149,936 | $248,835 |
| Price Trend (Annual %) | 207.2% | 2.5% | 7.5% |
| Median Gross Rent | $1,542 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Round Lake Beach is about 19% higher than in Illinois. Rent is about 21% 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 Round Lake Beach, up about 207.2% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Round Lake Beach rose about 39.7% between 2015 and 2024, from $1,104 to $1,542. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Round Lake Beach.
Buying the median-priced home in Round Lake Beach costs roughly 9.7 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 Round Lake Beach. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Round Lake Beach | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $178,762 | $149,936 | $248,835 |
| Median Household Income | $86,947 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Round Lake Beach rose about 79.9%, while median household income rose about 36.2% 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 | Round Lake Beach | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.6% | 61.9% | 58.5% |
| Rental Rate | 19.0% | 30.4% | 31.2% |
| Vacancy Rate | 4.3% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Round Lake Beach has a homeownership rate of 76.6%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 4.3%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Round Lake Beach | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.19 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1983 | 1969 | 1978 |
| Median Number of Rooms | 5.9 | 5.6 | 5.5 |
The typical housing unit in Round Lake Beach was built around 1983. On average, 3.2 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Round Lake Beach, Illinois.
What is the median home price in Round Lake Beach, Illinois?
The median home price in Round Lake Beach, Illinois is $178,762, higher than the Illinois average of $149,936.
What is the average home price in Round Lake Beach, Illinois?
The typical home price in Round Lake Beach, Illinois, reported as the median sale price, is $178,762. 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 Round Lake Beach, Illinois?
The median gross rent in Round Lake Beach, Illinois is $1,542 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Round Lake Beach in 2020?
In 2020, the median gross rent in Round Lake Beach, Illinois was $1,254 per month.
What is the price-to-rent ratio in Round Lake Beach, Illinois?
The price-to-rent ratio in Round Lake Beach, Illinois is about 9.7, meaning it would take roughly 9.7 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 Round Lake Beach.
Are home prices or rent rising faster in Round Lake Beach, Illinois?
Both home prices and rent are rising in Round Lake Beach, up about 207.2% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Round Lake Beach, Illinois?
76.6% of households in Round Lake Beach, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Round Lake Beach, Illinois?
The housing vacancy rate in Round Lake Beach, Illinois is 4.3%, lower than the Illinois average of 7.7%.
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