Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake Villa area can be challenging. Home prices in Lake Villa are now at a median cost of $248,140, higher than the Illinois average of $242,002.
The average cost of rent is $1,607/mo in Lake Villa, primarily driven by the current value of real estate in the Lake Villa area. While nearly 32.87% of residents own their homes outright in Lake Villa, 19.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Villa is $8,392 per month. Households that rent pay about 19.15% of their income on rent here. Lake Villa's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Venetian Village, IL: less expensive homes
- Round Lake Heights, IL: less expensive homes
- Round Lake Beach, IL: less expensive homes
- Lindenhurst, IL: equally priced homes
- Ingleside, IL: less expensive homes
- Antioch, IL: equally priced homes
- Hainesville, IL: less expensive homes
- Old Mill Creek, IL: higher priced homes
- Round Lake, IL: less expensive homes
- Fox Lake, IL: less expensive homes
Cities with Similar Populations
- Port Jefferson Station, NY: higher priced homes
- Nanticoke, PA: less expensive homes
- Nashville, NC: less expensive homes
- Neabsco, VA: higher priced homes
- Nesconset, NY: higher priced homes
- New Albany, MS: less expensive homes
- New Fairfield, CT: higher priced homes
- New Franklin, OH: less expensive homes
- Pontotoc, MS: less expensive homes
- Myerstown, PA: less expensive homes
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