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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|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|
|TYPE OF Lake in the Hills HOMES|
|Small Apt. Buildings||1.2|
|SIZE OF Lake in the Hills HOMES|
|5 or more bedrooms||6.85|