Round Lake, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Round Lake Neighborhoods Since 2000




Round Lake, 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

Round Lake Housing Market Information

With a population of 18,461, 5,560 total housing units (homes and apartments), and a median house value of $165,332, Round Lake real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Round Lake, accounting for 57.98% of the village's housing units. Other types of housing that are prevalent in Round Lake include row houses and other attached homes ( 26.48%), large apartment complexes or high rise apartments ( 7.88%), and a few mobile homes or trailers ( 4.95%).

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 77.44% of Round Lake's homes, and 59.57% 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. 62.62% 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 ( 30.55%), and between 1940-1969 ( 3.81%). There's also some housing in Round Lake built before 1939 ( 3.02%).

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 30.76% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Round Lake home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Round Lake that despite a nationwide downturn in the housing market, Round Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Round Lake appreciation rates continue to be some of the highest in America, at 6.02%, which is higher than appreciation rates in 74.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Round Lake. Round Lake appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Round Lake's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$165,332

Round Lake, IL HOME PRICES

Value Range
> $1,156,000 0.8
$867,001 - $1,156,000 0.9
$578,001 - $867,000 2.9
$463,001 - $578,000 1.2
$347,001 - $463,000 4.8
$231,001 - $347,000 21.8
$116,001 - $231,000 48.0
$58,001 - $116,000 9.6
$0 - $58,000 10.1

High for IL
Average for Nation

Value Relative to Nation Value Relative to State
43.5192780968007 35.0632911392405

Number Of Homes And Apartments:
5,560

Round Lake 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
-7.88% -0.47% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,409 / per month

Homeownership Rate

Homeownership
Owners 77.44
Renters 22.56
Vacant 4.09

Housing Market Details

 

Age of Homes

AGE OF Round Lake HOMES
2000 or Newer 62.6
1970 - 1999 30.6
1940 - 1969 3.8
1939 or Older 3.0

Types of Homes

TYPE OF Round Lake HOMES
Single-Family 58.0
Townhomes 26.5
Small Apt. Buildings 2.7
Apt. Complexes 7.9
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Round Lake HOMES
No Bedroom 0.26
1 Bedroom 6.62
2 Bedrooms 27.57
3 Bedrooms 34.64
4 Bedrooms 24.93
5 or more bedrooms 5.99