Wonder Lake, IL—60097
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wonder Lake, IL
As of Oct '25, the median home price in Wonder Lake, IL is $276,000, with a year-over-year change of 5.2%. This indicates that home prices in Wonder Lake, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $276,000 | 5.3% |
| Single Family | $276,000 | 4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $236,000 | 5.8% |
3 Bed | $290,000 | 3.6% |
4 Bed | $379,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wonder Lake, IL
As of July '25, Rentcast reports the average rent in Wonder Lake, IL is $2,200, with a year-over-year rent change of 1.9%. Per bedroom, the median rent as of July '25 in Wonder Lake, IL is 2-bedrooms: $1,970, 3-bedrooms: $2,340. The most common rental property sizes in Wonder Lake, IL are 2-bedroom and 3-bedroom, accounting for 78.6% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,200 | $1,970 |
| 3 Bed Rent | $2,480 | $2,340 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wonder Lake, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Wonder Lake, IL is 31. This is a decrease of -6.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 2.0% |
Listing Count | 72 | 7.0% |
| Listings as % of Homes | 1.9% | 7.0% |
Days on Market | 31 | -6.0% |
Demographics — Wonder Lake, IL
As of the latest ACS Survey released in 2023, Wonder Lake, IL has a population of 11,500, which has increased by 6.1% over the past 5 years. Wonder Lake, IL is a moderately popular place for families, as children make up 22.8% of the population. The area has a poorly educated workforce, with 17.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | 6.1% |
% Under 18 | 22.8% | -3.8% |
% Seniors | 15.2% | 17.8% |
% WFH | 11.9% | 164.4% |
% w/ College Degree | 17.3% | -22.1% |
As of the latest ACS Survey released in 2023, Wonder Lake, IL is a predominantly white area, with 74.1% of the population identifying as white. The white population has shrunk by 15.3% in the last 5 years. The second most common race or ethnicity in Wonder Lake, IL is hispanic, making up 21.1% of the population. Foreign-born residents account for 5.3% of the population in Wonder Lake, IL, and this percentage has increased by 23.3% 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 | 74.1% | -15.3% |
% Black | 0.4% | ∞% |
% Hispanic | 21.1% | 124.5% |
% Asian | 0.8% | 33.3% |
% Foreign Born | 5.3% | 23.3% |
Mortgage and Risk — Wonder Lake, IL
According to HUD data as of 2023, there were 309 mortgage originations in Wonder Lake, IL, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Wonder Lake, IL. Investor activity is low, as 1.0% 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 | 309 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Wonder Lake, IL
Wonder Lake, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,410 |
| 2 Bedroom | -$610 | $2,200 | $1,590 |
| 3 Bedroom | -$440 | $2,480 | $2,040 |
| 4 Bedroom | N/A | N/A | $2,400 |
Affordability — Wonder Lake, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $276,000 |
| Median Household Income | $90,900 |