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




Highest
Lowest

Highest Appreciating Lake in the Hills Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (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 29,024 people, 9,937 houses or apartments, and a median cost of homes of $251,960, Lake in the Hills real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lake in the Hills, accounting for 72.90% 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 ( 20.56%), large apartment complexes or high rise apartments ( 5.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.24%).

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 86.91% of Lake in the Hills's homes, and 69.98% 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 ( 22.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.52%). There's also some housing in Lake in the Hills built before 1939 ( 1.10%).

Lake in the Hills Home Appreciation Rates

Homes have actually lost value in Lake in the Hills over the last then years, as home values have seen a decline of 22.51% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lake in the Hills home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Lake in the Hills's appreciation rate, at 3.44%, has been at or slightly above the national average. In the latest quarter, Lake in the Hills's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Lake in the Hills's latest annual appreciation rate is higher than 60% 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:
$251,960

Lake in the Hills, IL HOME PRICES

Value Range
> $1,140,000 0.5
$855,001 - $1,140,000 0.1
$570,001 - $855,000 2.3
$456,001 - $570,000 4.4
$342,001 - $456,000 13.5
$228,001 - $342,000 36.7
$114,001 - $228,000 35.0
$57,001 - $114,000 4.8
$0 - $57,000 2.7

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
22.2078987460448 15.0632911392405

Number Of Homes And Apartments:
9,937

Lake in the Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
5.85% 0.33% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,758 / per month

Homeownership Rate

Homeownership
Owners 86.91
Renters 13.09
Vacant 3.89

Housing Market Details

 

Age of Homes

AGE OF Lake in the Hills HOMES
2000 or Newer 22.6
1970 - 1999 65.8
1940 - 1969 10.5
1939 or Older 1.1

Types of Homes

TYPE OF Lake in the Hills HOMES
Single-Family 72.9
Townhomes 20.6
Small Apt. Buildings 1.2
Apt. Complexes 5.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lake in the Hills HOMES
No Bedroom 0.96
1 Bedroom 2.25
2 Bedrooms 19.96
3 Bedrooms 45.16
4 Bedrooms 24.82
5 or more bedrooms 6.85