Round Lake, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Round Lake Neighborhoods Since 2000




Round Lake, IL Real Estate Data


Round Lake Housing Market Information

With 18,461 people, 5,761 houses or apartments, and a median cost of homes of $193,827, Round Lake real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Round Lake, accounting for 59.22% of the village's housing units. Other types of housing that are prevalent in Round Lake include row houses and other attached homes ( 24.30%), large apartment complexes or high rise apartments ( 8.82%), and a few mobile homes or trailers ( 5.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Round Lake. Owner-occupied housing accounts for 79.76% of Round Lake's homes, and 59.04% have either three or four bedrooms, which is average sized relative to America.

Round Lake homes and real estate are some of the newest in America. 62.92% of Round Lake's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Round Lake real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.19%), and between 1940-1969 ( 4.36%). There's also some housing in Round Lake built before 1939 ( 3.53%).

Round Lake Home Appreciation Rates

Homes have actually lost value in Round Lake over the last then years, as home values have seen a decline of 31.55% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Round Lake home appreciation rates at 1.63%, which equates to an annual appreciation rate of 6.69%.

NeighborhoodScout's data show that during the latest twelve months, Round Lake's appreciation rate, at 5.52%, has been at or slightly above the national average. In the latest quarter, Round Lake's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Illinois, our data show that Round Lake's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$193,827

Round Lake, IL HOME PRICES

Value Range
> $1,119,000 1.0
$840,001 - $1,119,000 0.8
$560,001 - $840,000 3.2
$448,001 - $560,000 1.4
$335,001 - $448,000 4.7
$224,001 - $335,000 23.6
$112,001 - $224,000 46.4
$56,001 - $112,000 7.6
$0 - $56,000 11.3

High for IL
High for Nation

Value Relative to Nation Value Relative to State
34.6899338291269 28.1012658227848

Number Of Homes And Apartments:
5,761

Rent & Ownership

 

Average Market Rent:
$1,365 / per month

Homeownership Rate

Homeownership
Owners 79.76
Renters 20.24
Vacant 4.51

Housing Market Details

 

Age of Homes

AGE OF Round Lake HOMES
2000 or Newer 62.9
1970 - 1999 29.2
1940 - 1969 4.4
1939 or Older 3.5

Types of Homes

TYPE OF Round Lake HOMES
Single-Family 59.2
Townhomes 24.3
Small Apt. Buildings 2.6
Apt. Complexes 8.8
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Round Lake HOMES
No Bedroom 0.45
1 Bedroom 8.57
2 Bedrooms 26.69
3 Bedrooms 33.35
4 Bedrooms 25.69
5 or more bedrooms 5.25

Round Lake Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
-8.67% -0.53% 1 1
* 10 is highest