Fox Lake, IL—60020
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Fox Lake, IL
Home Price Trends — Fox Lake, IL
As of Oct '25, the median home price in Fox Lake, IL is $253,000, with a year-over-year change of 2.8%. This indicates that home prices in Fox Lake, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $253,000 | 2.8% |
| Single Family | $278,000 | 2.6% |
| Condos | $192,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $90,000 | -9.1% |
2 Bed | $223,000 | 5.7% |
3 Bed | $292,000 | 3.2% |
4 Bed | $413,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fox Lake, IL
As of July '25, Rentcast reports the average rent in Fox Lake, IL is $2,240, with a year-over-year rent change of 21.7%. Per bedroom, the median rent as of July '25 in Fox Lake, IL is 1-bedrooms: $1,390, 2-bedrooms: $1,760, 3-bedrooms: $2,500, 4-bedrooms: $2,720. The most common rental property sizes in Fox Lake, IL are 2-bedroom and 1-bedroom, accounting for 48.2% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,390 |
| 2 Bed Rent | $1,750 | $1,760 |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | $2,250 | $2,720 |
% of Rental Stock
Property Listings — Fox Lake, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fox Lake, IL is 34. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $314,000 | 35.0% |
Listing Count | 71 | 37.0% |
| Listings as % of Homes | 0.6% | 37.0% |
Days on Market | 34 | -7.0% |
Demographics — Fox Lake, IL
As of the latest ACS Survey released in 2023, Fox Lake, IL has a population of 10,800, which has increased by 10.4% over the past 5 years. Fox Lake, IL is a less popular place for families, as children make up 14.9% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | 10.4% |
% Under 18 | 14.9% | -22.0% |
% Seniors | 22.3% | 29.7% |
% WFH | 12.4% | 121.4% |
% w/ College Degree | 26.5% | 7.3% |
As of the latest ACS Survey released in 2023, Fox Lake, IL is a predominantly white area, with 80.4% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Fox Lake, IL is hispanic, making up 12.4% of the population. Foreign-born residents account for 10.1% of the population in Fox Lake, IL, and this percentage has increased by 40.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.4% | -8.0% |
% Black | 3.6% | 260.0% |
% Hispanic | 12.4% | 42.5% |
% Asian | 1.4% | -36.4% |
% Foreign Born | 10.1% | 40.3% |
Mortgage and Risk — Fox Lake, IL
According to HUD data as of 2023, there were 244 mortgage originations in Fox Lake, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Fox Lake, IL. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 244 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Fox Lake, IL
As of 2024, the percent of homes in Fox Lake, IL under the Section 8 program is 12.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Fox Lake, IL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 176 |
Total Units Section 8 | 176 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 93.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,500 | $1,470 |
| 2 Bedroom | -$90 | $1,750 | $1,660 |
| 3 Bedroom | -$370 | $2,500 | $2,130 |
| 4 Bedroom | $250 | $2,250 | $2,500 |
Affordability — Fox Lake, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $253,000 |
| Median Household Income | $71,000 |