Lake Bluff, IL 60044 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lake Bluff, IL—60044

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$663,000

8.2% YoY Growth

Household Income

$128,000

19.2% YoY Growth

Days on Market

14.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$2,040

4.1% YoY Growth

1-Bed Rent

$1,790

4.6% YoY Growth

2-Bed Rent

$2,050

8.4% YoY Growth

3-Bed Rent

$3,050

3.2% YoY Growth

Home Price Trends — Lake Bluff, IL

As of May '26, the median home price in Lake Bluff, IL is $663,000, with a year-over-year change of 8.2%. This indicates that home prices in Lake Bluff, IL are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$663,000	8.2%
Single Family	$728,000	8.0%
Condos	$296,000	13.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lake Bluff, IL

As of July '25, Rentcast reports the average rent in Lake Bluff, IL is $2,300, with a year-over-year rent change of 4.1%. Per bedroom, the median rent as of July '25 in Lake Bluff, IL is 1-bedrooms: $1,810, 2-bedrooms: $2,180, 3-bedrooms: $3,180, 4-bedrooms: $5,900. The most common rental property sizes in Lake Bluff, IL are 1-bedroom and 2-bedroom, accounting for 45.0% and 39.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,040	$2,300
Studio Rent	N/A	N/A
1 Bed Rent	$1,790	$1,810
2 Bed Rent	$2,050	$2,180
3 Bed Rent	$3,050	$3,180
4 Bed Rent	$5,900	$5,900

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% of Rental Stock

Studio

1.4%

1 Bedroom

45.0%

2 Bedrooms

39.6%

3 Bedrooms

9.9%

4 Bedrooms

3.5%

5+ Bedrooms

0.6%

Property Listings — Lake Bluff, IL

As of May '26, Realtor.com reports that the median days on market for a home in Lake Bluff, IL is 33. This is a decrease of -14.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$995,000	9.0%
Listing Count	47	5.0%
Listings as % of Homes	0.5%	5.0%
Days on Market	33	-14.0%

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Demographics — Lake Bluff, IL

As of the latest ACS Survey released in 2023, Lake Bluff, IL has a population of 10,300, which has increased by 2.9% over the past 5 years. Lake Bluff, IL is a popular place for families, as children make up 25.4% of the population. The area has a highly educated workforce, with 66.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,300	2.9%
% Under 18	25.4%	23.3%
% Seniors	23.9%	61.5%
% WFH	28.8%	220.0%
% w/ College Degree	66.5%	-5.5%

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As of the latest ACS Survey released in 2023, Lake Bluff, IL is a predominantly white area, with 75.6% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Lake Bluff, IL is hispanic, making up 9.8% of the population. Foreign-born residents account for 15.6% of the population in Lake Bluff, IL, and this percentage has increased by 9.9% 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	75.6%	-3.8%
% Black	2.0%	42.9%
% Hispanic	9.8%	28.9%
% Asian	9.4%	-16.8%
% Foreign Born	15.6%	9.9%

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Mortgage and Risk — Lake Bluff, IL

According to HUD data as of 2023, there were 205 mortgage originations in Lake Bluff, IL, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Lake Bluff, IL. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	205
% Conventional Loans	94.0%
% Government Loans	6.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Lake Bluff, IL

As of 2024, the percent of homes in Lake Bluff, IL under the Section 8 program is 1.8%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lake Bluff, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	29
Total Units Section 8	29
% Rentals under Section 8	1.8%
% Occupied Section 8	84.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$70	$1,790	$1,860
2 Bedroom	$50	$2,050	$2,100
3 Bedroom	-$350	$3,050	$2,700
4 Bedroom	-$2,730	$5,900	$3,170

Lake Bluff, IL—60044

Key Metrics at a Glance

Home Price Trends — Lake Bluff, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Bluff, IL

% of Rental Stock

Property Listings — Lake Bluff, IL

Demographics — Lake Bluff, IL

Race and Ethnicity

Mortgage and Risk — Lake Bluff, IL

Mortgages

Rentals and Section 8 — Lake Bluff, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Bluff, IL

Home Price to Income Ratio

Lake Bluff, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Great Lakes, IL

North Chicago, IL

Lake Forest, IL

Waukegan, IL

Libertyville, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$663,000
Median Household Income	$128,000

Lake Bluff, IL—60044

Key Metrics at a Glance

Home Price Trends — Lake Bluff, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Bluff, IL

% of Rental Stock

Property Listings — Lake Bluff, IL

Demographics — Lake Bluff, IL

Race and Ethnicity

Mortgage and Risk — Lake Bluff, IL

Mortgages

Rentals and Section 8 — Lake Bluff, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Bluff, IL

Home Price to Income Ratio

Lake Bluff, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Great Lakes, IL

North Chicago, IL

Lake Forest, IL

Waukegan, IL

Libertyville, IL

Frequently Asked Questions

What is the average home price in Lake Bluff, IL 60044?

How have home prices in Lake Bluff, IL 60044 changed over the past year?

What is the home price projection for Lake Bluff, IL 60044?

What are the demographics of Lake Bluff, IL 60044?

How long does it take homes to sell in Lake Bluff, IL 60044?

What is the average rent price in Lake Bluff, IL 60044?