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These days, finding an affordable place to live in the Lake Bluff area can be challenging. Home prices in Lake Bluff are now at a median cost of $631,490, higher than the Illinois average of $300,242.
The average cost of rent is $1,939/mo in Lake Bluff, primarily driven by the current value of real estate in the Lake Bluff area. In Lake Bluff, 28.63% of households rent, and 37.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Bluff is $13,257 per month. Households that rent pay about 14.63% of their income on rent here. Lake Bluff’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Great Lakes, IL: less expensive homes
- Green Oaks, IL: higher priced homes
- North Chicago, IL: less expensive homes
- Lake Forest, IL: higher priced homes
- Mettawa, IL: equally priced homes
- Park City, IL: less expensive homes
- Libertyville, IL: less expensive homes
- Waukegan, IL: less expensive homes
- Highwood, IL: less expensive homes
- Bannockburn, IL: higher priced homes
Cities with Similar Populations
- Montville, NJ: equally priced homes
- Mims, FL: less expensive homes
- Mineola, TX: less expensive homes
- Minerva, OH: less expensive homes
- Minnehaha, WA: less expensive homes
- Minnetrista, MN: equally priced homes
- Moab, UT: less expensive homes
- Monahans, TX: less expensive homes
- Monmouth, IL: less expensive homes
- Monona, WI: less expensive homes
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