Island Lake, IL—60042
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$290,000
5.1% YoY Growth
Household Income
$94,600
24.1% YoY Growth
Days on Market
45
7.0% Longer YoY
Home Price Forecast
2.1%
Median Rent
$1,700
14.6% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,700
8.0% YoY Growth
3-Bed Rent
N/A
N/A
Home Price Trends — Island Lake, IL
As of Dec '25, the median home price in Island Lake, IL is $290,000, with a year-over-year change of 5.1%. This indicates that home prices in Island Lake, IL are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 5.1% |
| Single Family | $293,000 | 5.4% |
| Condos | $246,000 | 4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |