Wonder Lake, IL 60097 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wonder Lake, IL—60097

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$277,000

5.0% YoY Growth

Household Income

$90,900

25.0% YoY Growth

Days on Market

14.0% Shorter YoY

Home Price Forecast

2.1%

Median Rent

$2,200

1.9% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$2,200

N/A

3-Bed Rent

$2,480

13.0% YoY Growth

Home Price Trends — Wonder Lake, IL

As of Dec '25, the median home price in Wonder Lake, IL is $277,000, with a year-over-year change of 5.0%. This indicates that home prices in Wonder 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	$277,000	5.0%
Single Family	$277,000	4.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

2 Bedrooms

78.6%

3 Bedrooms

21.4%

Property Listings — Wonder Lake, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Wonder Lake, IL is 46. This is a decrease of -21.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$320,000	5.0%
Listing Count	68	8.0%
Listings as % of Homes	1.9%	8.0%
Days on Market	55	-14.0%

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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%

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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%

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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%

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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

Wonder Lake, IL—60097

Key Metrics at a Glance

Home Price Trends — Wonder Lake, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wonder Lake, IL

% of Rental Stock

Property Listings — Wonder Lake, IL

Demographics — Wonder Lake, IL

Race and Ethnicity

Mortgage and Risk — Wonder Lake, IL

Mortgages

Rentals and Section 8 — Wonder Lake, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Wonder Lake, IL

Home Price to Income Ratio

Wonder Lake, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Ringwood, IL

Richmond, IL

Hebron, IL

McHenry, IL

Woodstock, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$277,000
Median Household Income	$90,900

Wonder Lake, IL—60097

Key Metrics at a Glance

Home Price Trends — Wonder Lake, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wonder Lake, IL

% of Rental Stock

Property Listings — Wonder Lake, IL

Demographics — Wonder Lake, IL

Race and Ethnicity

Mortgage and Risk — Wonder Lake, IL

Mortgages

Rentals and Section 8 — Wonder Lake, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Wonder Lake, IL

Home Price to Income Ratio

Wonder Lake, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Ringwood, IL

Richmond, IL

Hebron, IL

McHenry, IL

Woodstock, IL

Frequently Asked Questions

What is the average home price in Wonder Lake, IL 60097?

How have home prices in Wonder Lake, IL 60097 changed over the past year?

What is the home price projection for Wonder Lake, IL 60097?

What are the demographics of Wonder Lake, IL 60097?

How long does it take homes to sell in Wonder Lake, IL 60097?

What is the average rent price in Wonder Lake, IL 60097?