Island Lake, IL Housing

The housing market in Island Lake, IL is thriving, with the median value for a home being $231,500 which is considerably lower than the national median value of $338,100. In the past year, the US national house appreciation rate was 8.27%, while in Island Lake it was even higher at 8.83%. This shows that Island Lake's housing market is growing faster than average and sees more investment from potential buyers.

The median home cost in Island Lake is $231,500. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Island Lake is up 14.5%.

Average Age of Homes

- The median age of Island Lake real estate is 29 years old

The Rental Market in Island Lake

- Renters make up 18.9% of the Island Lake population
- 0.7% of houses and apartments in Island Lake, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Island Lake, Illinois	United States
	3,188.0	139,647,020.0
	31	42
	$231,500	$338,100
	14.5%	16.6%
	31.8%	57.0%
	54.6%	101.1%
	$28.17	$10.98
	$5,533	$2,690
	75.4%	57.4%
	5.8%	11.2%
	18.8%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	3.2%	0.7%
	0.0%	0.4%
	0.2%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	0.7%	2.4%
	0.2%	2.8%
	0.0%	3.9%
	2.4%	4.5%
	19.1%	11.3%
	28.7%	13.0%
	27.6%	20.1%
	12.0%	13.6%
	7.4%	8.3%
	0.9%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.3%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.7%	13.6%
	14.7%	13.6%
	34.7%	13.6%
	24.9%	13.2%
	7.4%	14.8%
	34.7%	13.6%
	3.7%	10.0%
	5.6%	4.7%
	5.8%	12.2%

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