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Lake Forest, IL
Full City Profile · Illinois · Lake County County
3.9
/5.0
B+
Good
19,190
Population
1,116/sq mi density
$228,120
Median Income
$110,436 per capita
$909,800
Home Value
$1,150,871 Zillow
$2,120
Median Rent
30.2% income on rent
50°F
Avg Temperature
260 sunny days/yr
41
Violent Crime/100K
629 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$228,120 median income, 1.2% unemployment
A
Affordability
4.4 / 5.0
$909,800 home value, $2,120/mo rent
F
Safety
1.0 / 5.0
41 violent crimes/100K
A+
Education
5.0 / 5.0
80.8% bachelor's degree or higher
Housing Overview
Median Home Value
$909,800
223% above
US avg: $281,900
Median Rent
$2,120/mo
82% above
US avg: $1,163/mo
Homeownership Rate
89.3%
37% above US avg (65.4%)
Total Housing Units
7,413
Median year built: 1976
Home Value by Source
Census Median
$909,800
Zillow (ZHVI)
$1,150,871
Median Sale Price
$1,022,000
Median List Price
$1,387,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
89.3%
Owner-Occupied
10.7%
Renter-Occupied
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
Census median rent:
$2,120/mo
· Zillow rent:
$3,830/mo
Market Indicators (Redfin)
Median Days on Market
98 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
15
Price Drops
10.3%
of listings with price reduction
Price Per Sq Ft
$342
Active Inventory
68
homes for sale
Affordability & Housing Stock
Rent Burden
30.2%
of renters spending 30%+ of income on housing
3% below US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
89.3%
Complete Housing Data
Home Values
| Census Median Value | $909,800 |
| Zillow Home Value (ZHVI) | $1,150,871 |
| Median Sale Price | $1,022,000 |
| Median List Price | $1,387,000 |
| Price Per Sq Ft | $342 |
Rent
| Census Median Rent | $2,120 |
| Zillow Rent (ZORI) | $3,830 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 98 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 10.3% |
| Homes Sold | 15 |
| Active Inventory | 68 |
| Price Per Sq Ft | $342 |
Ownership & Stock
| Owner-Occupied | 89.3% |
| Renter-Occupied | 10.7% |
| Homeownership Rate | 89.3% |
| Total Housing Units | 7,413 |
| Median Year Built | 1976 |
| Rent Burden | 30.2% |