View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /Illinois
  4. /Fox Lake, IL - 60041

Fox Lake, IL—60041

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$312,000
5.1% YoY Growth
Household Income
$91,600
40.6% YoY Growth
Days on Market
26
7.0% Longer YoY
Home Price Forecast
2.4%
Median Rent
$2,100
37.0% YoY Growth
1-Bed Rent
$1,180
15.1% YoY Growth
2-Bed Rent
$2,400
66.7% YoY Growth
3-Bed Rent
$2,600
38.2% YoY Growth

Other Zip Codes in Fox Lake, IL

60020
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fox Lake, IL

As of May '26, the median home price in Fox Lake, IL is $312,000, with a year-over-year change of 5.1%. This indicates that home prices in Fox Lake, IL are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$312,0005.1%
Single Family $313,0005.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$244,0005.6%
    3 Bed
    		$314,0005.0%
    4 Bed
    		$406,0006.0%
    5 Bed $492,9676.9%
    Loading chart...

    % of Housing Stock

    1 Bedroom
    11.0%
    2 Bedrooms
    25.4%
    3 Bedrooms
    40.3%
    4 Bedrooms
    16.8%
    5+ Bedrooms
    6.5%

    Rental Trends — Fox Lake, IL

    As of July '25, Rentcast reports the average rent in Fox Lake, IL is $2,220, with a year-over-year rent change of 37.0%. Per bedroom, the median rent as of July '25 in Fox Lake, IL is 1-bedrooms: $1,220, 2-bedrooms: $2,400, 3-bedrooms: $2,820, 4-bedrooms: $3,000. The most common rental property sizes in Fox Lake, IL are 2-bedroom and 1-bedroom, accounting for 47.8% and 39.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,100$2,220
    Studio Rent N/AN/A
    1 Bed Rent $1,180$1,220
    2 Bed Rent $2,400$2,400
    3 Bed Rent $2,600$2,820
    4 Bed Rent $3,000$3,000
    Loading chart...

    % of Rental Stock

    1 Bedroom
    39.5%
    2 Bedrooms
    47.8%
    3 Bedrooms
    7.1%
    4 Bedrooms
    0.8%
    5+ Bedrooms
    4.7%

    Property Listings — Fox Lake, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Fox Lake, IL is 26. This is a increase of 7.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$400,00026.0%
    Listing Count
    		31-11.0%
    Listings as % of Homes0.9%-11.0%
    Days on Market
    		267.0%
    Loading chart...

    Demographics — Fox Lake, IL

    As of the latest ACS Survey released in 2023, Fox Lake, IL has a population of 8,920, which has remained stable by 0.3% over the past 5 years. Fox Lake, IL is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 28.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		8,9200.3%
    % Under 18
    		23.7%29.5%
    % Seniors
    		14.3%-19.7%
    % WFH
    		7.3%5.8%
    % w/ College Degree
    		28.6%12.2%
    Loading chart...

    As of the latest ACS Survey released in 2023, Fox Lake, IL is a predominantly white area, with 65.5% of the population identifying as white. The white population has shrunk by 22.3% in the last 5 years. The second most common race or ethnicity in Fox Lake, IL is hispanic, making up 22.6% of the population. Foreign-born residents account for 7.8% of the population in Fox Lake, IL, and this percentage has decreased by 1.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		65.5%-22.3%
    % Black
    		4.8%1,500.0%
    % Hispanic
    		22.6%91.5%
    % Asian
    		2.2%144.4%
    % Foreign Born
    		7.8%-1.3%
    Loading chart...

    Mortgage and Risk — Fox Lake, IL

    According to HUD data as of 2023, there were 111 mortgage originations in Fox Lake, IL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Fox Lake, IL. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		111
    % Conventional Loans
    		71.0%
    % Government Loans
    		29.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Fox Lake, IL

    As of 2024, the percent of homes in Fox Lake, IL under the Section 8 program is 15.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Fox Lake, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		142
    Total Units Section 8
    		139
    % Rentals under Section 8
    		15.4%
    % Occupied Section 8
    		81.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$20$1,180$1,200
    2 Bedroom-$1,040$2,400$1,360
    3 Bedroom-$850$2,600$1,750
    4 Bedroom-$950$3,000$2,050

    Affordability — Fox Lake, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$312,000
    Median Household Income$91,600

    Fox Lake, IL — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Fox Lake, IL

    60020

    Round Lake, IL

    60073

    Eastwood Manor, IL

    60051

    Island Lake, IL

    60042

    Wauconda, IL

    60084

    Frequently Asked Questions