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Lake Carroll, IL

Full City Profile · Illinois · Carroll County County

4.6 /5.0
A+ Excellent
763 Population 56/sq mi density
$101,250 Median Income $53,714 per capita
$317,900 Home Value $306,340 Zillow
49°F Avg Temperature 246 sunny days/yr
A+
Overall
4.6 / 5.0
Strong
A+
Economy
5.0 / 5.0
$101,250 median income, 0.0% unemployment
A+
Affordability
4.9 / 5.0
$317,900 home value, /mo rent
B+
Education
4.0 / 5.0
36.9% bachelor's degree or higher

Housing Overview

Median Home Value
$317,900
13% above
US avg: $281,900
Homeownership Rate
99.3%
52% above US avg (65.4%)
Total Housing Units
1,001
Median year built: 1997

Home Value by Source

Census Median
$317,900
Zillow (ZHVI)
$306,340
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

99.3%
Owner-Occupied
0.7%
Renter-Occupied
99%
1%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo

Affordability & Housing Stock

Rent Burden
22.9%
of renters spending 30%+ of income on housing
26% below US avg (31.0%)
Median Year Built
1997
Average age of housing stock: 29 years
Homeownership Rate
99.3%

Complete Housing Data

Home Values

Census Median Value$317,900
Zillow Home Value (ZHVI)$306,340

Rent

FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Ownership & Stock

Owner-Occupied99.3%
Renter-Occupied0.7%
Homeownership Rate99.3%
Total Housing Units1,001
Median Year Built1997
Rent Burden22.9%