Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Lake County area can be challenging. Home prices in Lake County are now at a median cost of $377,624, higher than the Illinois average of $300,242.
The average cost of rent is $1,746/mo in Lake County, primarily driven by the current value of real estate in the Lake County area. In Lake County, 25.17% of households rent, and 37.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake County is $10,396 per month. Households that rent pay about 16.79% of their income on rent here. Lake County’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- McHenry County, IL: less expensive homes
- Boone County, IL: less expensive homes
- Winnebago County, IL: less expensive homes
- Stephenson County, IL: less expensive homes
- Van Buren County, MI: less expensive homes
- Jo Daviess County, IL: less expensive homes
- Kalamazoo County, MI: less expensive homes
- Dubuque County, IA: less expensive homes
- Calhoun County, MI: less expensive homes
- Delaware County, IA: less expensive homes
Counties with Similar Populations
- Cobb County, GA: higher priced homes
- DeKalb County, GA: equally priced homes
- Essex County, MA: higher priced homes
- Jefferson County, KY: less expensive homes
- Bernalillo County, NM: less expensive homes
- Suffolk County, MA: higher priced homes
- San Mateo County, CA: higher priced homes
- San Joaquin County, CA: higher priced homes
- Oklahoma County, OK: less expensive homes
- Norfolk County, MA: higher priced homes
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