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These days, finding an affordable place to live in the Lily Lake area can be challenging. Home prices in Lily Lake are now at a median cost of $449,048, higher than the Illinois average of $300,242.
The average cost of rent is $2,575/mo in Lily Lake, primarily driven by the current value of real estate in the Lily Lake area. In Lily Lake, 5.32% of households rent, and 27.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lily Lake is $10,916 per month. Households that rent pay about 23.59% of their income on rent here. Lily Lake’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wasco, IL: less expensive homes
- Campton Hills, IL: higher priced homes
- Elburn, IL: less expensive homes
- Virgil, IL: less expensive homes
- Lafox, IL: equally priced homes
- Richardson, IL: less expensive homes
- Maple Park, IL: less expensive homes
- Burlington, IL: less expensive homes
- North Plato, IL: higher priced homes
- St. Charles, IL: equally priced homes
Cities with Similar Populations
- Walker, WV: less expensive homes
- Cherry Creek, NY: less expensive homes
- Cheyenne, OK: less expensive homes
- Climax Springs, MO: less expensive homes
- Cloverdale, OR: equally priced homes
- Coleman, FL: equally priced homes
- Colman, SD: less expensive homes
- Comstock, WI: less expensive homes
- Concord, AR: less expensive homes
- Cool Springs, NC: less expensive homes
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