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Affordable
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These days, finding an affordable place to live in the Lake in the Hills area can be challenging. Home prices in Lake in the Hills are now at a median cost of $320,680, higher than the Illinois average of $300,242.
The average cost of rent is $1,687/mo in Lake in the Hills, primarily driven by the current value of real estate in the Lake in the Hills area. In Lake in the Hills, 14.96% of households rent, and 24.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake in the Hills is $10,689 per month. Households that rent pay about 15.79% of their income on rent here. Lake in the Hills’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lakewood, IL: higher priced homes
- Algonquin, IL: higher priced homes
- Crystal Lake, IL: equally priced homes
- Huntley, IL: equally priced homes
- Trout Valley, IL: equally priced homes
- Dundee, IL: equally priced homes
- Carpentersville, IL: less expensive homes
- Cary, IL: equally priced homes
- Gilberts, IL: equally priced homes
- Ridgefield, IL: higher priced homes
Cities with Similar Populations
- Sun City Center, FL: equally priced homes
- Coventry, RI: equally priced homes
- Cumberland, MD: less expensive homes
- Denison, TX: less expensive homes
- Elkhorn, NE: higher priced homes
- Elmira, NY: less expensive homes
- Flemington, NJ: higher priced homes
- Forest Park, GA: less expensive homes
- Southington, CT: higher priced homes
- Stafford, TX: less expensive homes
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