The Most Affordable Neighborhoods in Round Lake Park, IL by Home Value

 

Round Lake Park, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Round Lake Park area can be challenging. Home prices in Round Lake Park are now at a median cost of $168,738, lower than the Illinois average of $242,002.

The average cost of rent is $1,263/mo in Round Lake Park, primarily driven by the current value of real estate in the Round Lake Park area. While nearly 50.25% of residents own their homes outright in Round Lake Park, 13.91% rent.

Housing affordability isn’t just about home prices, though. The average household income in Round Lake Park is $5,648 per month. Households that rent pay about 22.35% of their income on rent here. Round Lake Park's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.


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