Home Price Key
Affordable
Average
Expensive
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 $320,693, higher than the Illinois average of $242,002.
The average cost of rent is $1,622/mo in Lake County, primarily driven by the current value of real estate in the Lake County area. While nearly 33.86% of residents own their homes outright in Lake County, 26.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake County is $9,423 per month. Households that rent pay about 17.22% of their income on rent here. Lake County's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the county.
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: equally priced homes
- DeKalb County, GA: less expensive 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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