Lake in the Hills, IL—60156
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake in the Hills, IL
As of Oct '25, the median home price in Lake in the Hills, IL is $362,000, with a year-over-year change of 4.4%. This indicates that home prices in Lake in the Hills, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $362,000 | 4.4% |
| Single Family | $377,000 | 4.1% |
| Condos | $230,000 | 9.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | 5.9% |
3 Bed | $348,000 | 3.9% |
4 Bed | $419,000 | 4.2% |
| 5 Bed | $469,000 | 3.1% |
% of Housing Stock
Rental Trends — Lake in the Hills, IL
As of July '25, Rentcast reports the average rent in Lake in the Hills, IL is $2,260, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Lake in the Hills, IL is 1-bedrooms: $1,400, 2-bedrooms: $2,070, 3-bedrooms: $2,440, 4-bedrooms: $2,830. The most common rental property sizes in Lake in the Hills, IL are 2-bedroom and 3-bedroom, accounting for 43.2% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,380 | $1,400 |
| 2 Bed Rent | $2,000 | $2,070 |
| 3 Bed Rent | $2,350 | $2,440 |
| 4 Bed Rent | $2,900 | $2,830 |
% of Rental Stock
Property Listings — Lake in the Hills, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake in the Hills, IL is 27. This is a increase of 21.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $406,000 | 4.0% |
Listing Count | 75 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 27 | 21.0% |
Demographics — Lake in the Hills, IL
As of the latest ACS Survey released in 2023, Lake in the Hills, IL has a population of 28,900, which has remained stable by -0.1% over the past 5 years. Lake in the Hills, IL is a popular place for families, as children make up 27.2% of the population. The area has a moderately educated workforce, with 36.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,900 | -0.1% |
% Under 18 | 27.2% | -2.5% |
% Seniors | 9.4% | 23.7% |
% WFH | 15.7% | 201.9% |
% w/ College Degree | 36.7% | -0.8% |
As of the latest ACS Survey released in 2023, Lake in the Hills, IL is a predominantly white area, with 67.1% of the population identifying as white. The white population has shrunk by 13.8% in the last 5 years. The second most common race or ethnicity in Lake in the Hills, IL is hispanic, making up 20.1% of the population. Foreign-born residents account for 13.6% of the population in Lake in the Hills, IL, and this percentage has increased by 16.2% 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 | 67.1% | -13.8% |
% Black | 3.5% | 45.8% |
% Hispanic | 20.1% | 66.1% |
% Asian | 6.8% | 28.3% |
% Foreign Born | 13.6% | 16.2% |
Mortgage and Risk — Lake in the Hills, IL
According to HUD data as of 2023, there were 566 mortgage originations in Lake in the Hills, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Lake in the Hills, IL. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 566 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lake in the Hills, IL
As of 2024, the percent of homes in Lake in the Hills, IL under the Section 8 program is 5.4%. 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. In Lake in the Hills, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 89 |
Total Units Section 8 | 89 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $510 | $1,380 | $1,890 |
| 2 Bedroom | $130 | $2,000 | $2,130 |
| 3 Bedroom | $390 | $2,350 | $2,740 |
| 4 Bedroom | $310 | $2,900 | $3,210 |
Affordability — Lake in the Hills, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $362,000 |
| Median Household Income | $113,000 |