Lake Bluff, IL—60044
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Bluff, IL
As of Oct '25, the median home price in Lake Bluff, IL is $614,000, with a year-over-year change of 8.0%. This indicates that home prices in Lake Bluff, IL are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $614,000 | 8.0% |
| Single Family | $673,000 | 7.3% |
| Condos | $276,000 | 9.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $296,000 | 8.0% |
3 Bed | $561,000 | 7.7% |
4 Bed | $860,000 | 5.9% |
| 5 Bed | $1,302,000 | 6.9% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Lake Bluff, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Bluff, IL is 66. This is a increase of 41.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $693,000 | 7.0% |
Listing Count | 43 | -7.0% |
| Listings as % of Homes | 0.5% | -7.0% |
Days on Market | 66 | 41.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Lake Bluff, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $614,000 |
| Median Household Income | $128,000 |