All Countries
Third Lake, IL
Full City Profile · Illinois · McHenry County County
4.0
/5.0
A
Great
1,203
Population
2,039/sq mi density
$150,893
Median Income
$68,252 per capita
$329,500
Home Value
$404,725 Zillow
49°F
Avg Temperature
260 sunny days/yr
123
Violent Crime/100K
1,287 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$150,893 median income, 1.7% unemployment
A+
Affordability
5.0 / 5.0
$329,500 home value, /mo rent
F
Safety
1.0 / 5.0
123 violent crimes/100K
A+
Education
5.0 / 5.0
70.9% bachelor's degree or higher
Housing Overview
Median Home Value
$329,500
17% above
US avg: $281,900
Homeownership Rate
99.2%
52% above US avg (65.4%)
Total Housing Units
470
Median year built: 1985
Home Value by Source
Census Median
$329,500
Zillow (ZHVI)
$404,725
Median Sale Price
$303,750
Median List Price
$460,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
99.2%
Owner-Occupied
0.8%
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
Market Indicators (Redfin)
Median Days on Market
45 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$192
Active Inventory
1
homes for sale
Affordability & Housing Stock
Rent Burden
30.3%
of renters spending 30%+ of income on housing
2% below US avg (31.0%)
Median Year Built
1985
Average age of housing stock: 41 years
Homeownership Rate
99.2%
Complete Housing Data
Home Values
| Census Median Value | $329,500 |
| Zillow Home Value (ZHVI) | $404,725 |
| Median Sale Price | $303,750 |
| Median List Price | $460,000 |
| Price Per Sq Ft | $192 |
Rent
| 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 | 45 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 2 |
| Active Inventory | 1 |
| Price Per Sq Ft | $192 |
Ownership & Stock
| Owner-Occupied | 99.2% |
| Renter-Occupied | 0.8% |
| Homeownership Rate | 99.2% |
| Total Housing Units | 470 |
| Median Year Built | 1985 |
| Rent Burden | 30.3% |