Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Tower Lakes area can be challenging. Home prices in Tower Lakes are now at a median cost of $481,486, higher than the Illinois average of $242,002.
The average cost of rent is $2,229/mo in Tower Lakes, primarily driven by the current value of real estate in the Tower Lakes area. While nearly 28.03% of residents own their homes outright in Tower Lakes, 4.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in Tower Lakes is $13,162 per month. Households that rent pay about 16.94% of their income on rent here. Tower Lakes's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Lake Barrington, IL: equally priced homes
- North Barrington, IL: equally priced homes
- Port Barrington, IL: less expensive homes
- Wauconda, IL: less expensive homes
- Island Lake, IL: less expensive homes
- Fox River Grove, IL: less expensive homes
- Lake Zurich, IL: less expensive homes
- Cary, IL: less expensive homes
- Oakwood Hills, IL: less expensive homes
- Hawthorn Woods, IL: equally priced homes
Cities with Similar Populations
- Mansfield, IL: less expensive homes
- San Fidel, NM: less expensive homes
- Pendleton Center, NY: less expensive homes
- Pedro Valley, CA: higher priced homes
- Paw Paw, IL: less expensive homes
- Pattonville, TX: less expensive homes
- Mountainair, NM: less expensive homes
- Mount Hope, AL: less expensive homes
- Milan, GA: less expensive homes
- Mignon, AL: less expensive homes
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