Round Lake, IL 60073 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Round Lake, IL—60073

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$264,000

4.5% YoY Growth

Household Income

$95,500

32.3% YoY Growth

Days on Market

4.0% Shorter YoY

Home Price Forecast

1.7%

Median Rent

$2,200

8.2% YoY Growth

1-Bed Rent

$1,200

6.6% YoY Growth

2-Bed Rent

$1,850

17.1% YoY Growth

3-Bed Rent

$2,300

1.8% YoY Growth

Home Price Trends — Round Lake, IL

As of Dec '25, the median home price in Round Lake, IL is $264,000, with a year-over-year change of 4.5%. This indicates that home prices in Round Lake, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$264,000	4.5%
Single Family	$272,000	4.6%
Condos	$221,000	6.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Round Lake, IL

As of July '25, Rentcast reports the average rent in Round Lake, IL is $2,250, with a year-over-year rent change of 8.2%. Per bedroom, the median rent as of July '25 in Round Lake, IL is 1-bedrooms: $1,280, 2-bedrooms: $1,990, 3-bedrooms: $2,230, 4-bedrooms: $2,920. The most common rental property sizes in Round Lake, IL are 2-bedroom and 3-bedroom, accounting for 41.1% and 32.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,250
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,280
2 Bed Rent	$1,850	$1,990
3 Bed Rent	$2,300	$2,230
4 Bed Rent	$2,900	$2,920

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% of Rental Stock

Studio

0.5%

1 Bedroom

15.2%

2 Bedrooms

41.1%

3 Bedrooms

32.5%

4 Bedrooms

9.9%

5+ Bedrooms

0.8%

Property Listings — Round Lake, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Round Lake, IL is 28. This is a decrease of -19.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$250,000	-1.0%
Listing Count	120	2.0%
Listings as % of Homes	0.4%	2.0%
Days on Market	41	-4.0%

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Demographics — Round Lake, IL

As of the latest ACS Survey released in 2023, Round Lake, IL has a population of 62,000, which has remained stable by 0.5% over the past 5 years. Round Lake, IL is a popular place for families, as children make up 28.0% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	62,000	0.5%
% Under 18	28.0%	-5.1%
% Seniors	8.7%	4.8%
% WFH	10.5%	150.0%
% w/ College Degree	26.7%	11.3%

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As of the latest ACS Survey released in 2023, Round Lake, IL is a predominantly hispanic area, with 44.6% of the population identifying as hispanic. The hispanic population has grown by 8.5% in the last 5 years. The second most common race or ethnicity in Round Lake, IL is white, making up 40.4% of the population. Foreign-born residents account for 24.6% of the population in Round Lake, IL, and this percentage has increased by 2.1% 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	40.4%	-11.6%
% Black	4.5%	-28.6%
% Hispanic	44.6%	8.5%
% Asian	6.6%	22.2%
% Foreign Born	24.6%	2.1%

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Mortgage and Risk — Round Lake, IL

According to HUD data as of 2023, there were 1050 mortgage originations in Round Lake, IL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Round Lake, IL. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,050
% Conventional Loans	77.0%
% Government Loans	23.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Round Lake, IL

As of 2024, the percent of homes in Round Lake, IL under the Section 8 program is 14.2%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Round Lake, IL, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	721
Total Units Section 8	623
% Rentals under Section 8	14.2%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$500	$1,200	$1,700
2 Bedroom	$70	$1,850	$1,920
3 Bedroom	$170	$2,300	$2,470
4 Bedroom	$0	$2,900	$2,900

Round Lake, IL—60073

Key Metrics at a Glance

Home Price Trends — Round Lake, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Round Lake, IL

% of Rental Stock

Property Listings — Round Lake, IL

Demographics — Round Lake, IL

Race and Ethnicity

Mortgage and Risk — Round Lake, IL

Mortgages

Rentals and Section 8 — Round Lake, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Round Lake, IL

Home Price to Income Ratio

Round Lake, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Fox Lake, IL

Grayslake, IL

Lindenhurst, IL

Fox Lake, IL

Wauconda, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.3
Median Home Price	$264,000
Median Household Income	$95,500

Round Lake, IL—60073

Key Metrics at a Glance

Home Price Trends — Round Lake, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Round Lake, IL

% of Rental Stock

Property Listings — Round Lake, IL

Demographics — Round Lake, IL

Race and Ethnicity

Mortgage and Risk — Round Lake, IL

Mortgages

Rentals and Section 8 — Round Lake, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Round Lake, IL

Home Price to Income Ratio

Round Lake, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Fox Lake, IL

Grayslake, IL

Lindenhurst, IL

Fox Lake, IL

Wauconda, IL

Frequently Asked Questions

What is the average home price in Round Lake, IL 60073?

How have home prices in Round Lake, IL 60073 changed over the past year?

What is the home price projection for Round Lake, IL 60073?

What are the demographics of Round Lake, IL 60073?

How long does it take homes to sell in Round Lake, IL 60073?

What is the average rent price in Round Lake, IL 60073?