Lake in the Hills IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Lake in the Hills, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lake in the Hills Housing Market Information

With 28,835 people, 9,669 houses or apartments, and a median cost of homes of $273,419, Lake in the Hills real estate is some of the most expensive in Illinois, although Lake in the Hills home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Lake in the Hills, accounting for 73.86% of the village's housing units. Other types of housing that are prevalent in Lake in the Hills include row houses and other attached homes ( 18.81%), large apartment complexes or high rise apartments ( 5.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake in the Hills. Owner-occupied housing accounts for 82.40% of Lake in the Hills's homes, and 70.91% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lake in the Hills built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lake in the Hills built between 2000 and later ( 23.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.96%).

Lake in the Hills Home Appreciation Rates

Lake in the Hills's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lake in the Hills during the period has been just 0.90%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lake in the Hills's appreciation rate, at 3.17%, has been at or slightly above the national average. In the latest quarter, Lake in the Hills's appreciation rate has been 1.29%, which annualizes to a rate of 5.24%.

Relative to Illinois, our data show that Lake in the Hills's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Lake in the Hills differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lake in the Hills - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lake in the Hills real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$273,419

Lake in the Hills, IL HOME PRICES

Value Range
> $1,211,000 0.4
$908,001 - $1,211,000 0.4
$605,001 - $908,000 2.3
$485,001 - $605,000 4.0
$363,001 - $485,000 15.0
$242,001 - $363,000 39.2
$121,001 - $242,000 33.1
$61,001 - $121,000 3.0
$0 - $61,000 2.7

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
23.9532846715328 14.4303797468354

Number Of Homes And Apartments:
9,669

Lake in the Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
20.67% 0.96%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,848 / per month

Homeownership Rate

Homeownership
Owners 82.40
Renters 17.60
Vacant 2.20

Housing Market Details

 

Age of Homes

AGE OF Lake in the Hills HOMES
2000 or Newer 23.3
1970 - 1999 66.3
1940 - 1969 10.0
1939 or Older 0.5

Types of Homes

TYPE OF Lake in the Hills HOMES
Single-Family 73.9
Townhomes 18.8
Small Apt. Buildings 1.5
Apt. Complexes 5.0
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Lake in the Hills HOMES
No Bedroom 0.31
1 Bedroom 2.17
2 Bedrooms 19.61
3 Bedrooms 43.02
4 Bedrooms 27.90
5 or more bedrooms 6.99