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These days, finding an affordable place to live in the Lakemoor area can be challenging. Home prices in Lakemoor are now at a median cost of $276,485, lower than the Illinois average of $300,242.
The average cost of rent is $1,654/mo in Lakemoor, primarily driven by the current value of real estate in the Lakemoor area. In Lakemoor, 27.43% of households rent, and 31.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakemoor is $9,305 per month. Households that rent pay about 17.78% of their income on rent here. Lakemoor’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Volo, IL: higher priced homes
- Holiday Hills, IL: less expensive homes
- Mchenry, IL: equally priced homes
- Johnsburg, IL: higher priced homes
- Island Lake, IL: equally priced homes
- Ingleside, IL: less expensive homes
- Pistakee Highlands, IL: less expensive homes
- Round Lake, IL: equally priced homes
- Fox Lake, IL: less expensive homes
- McCullom Lake, IL: less expensive homes
Cities with Similar Populations
- Marstons Mills, MA: higher priced homes
- Poolesville, MD: higher priced homes
- Pleasant View, TN: higher priced homes
- Plainsboro, NJ: higher priced homes
- Merrimac, MA: higher priced homes
- Mathis, TX: less expensive homes
- Massey Lake, TX: less expensive homes
- Mascotte, FL: equally priced homes
- Martins Ferry, OH: less expensive homes
- Port Isabel, TX: less expensive homes
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