Lake Forest, IL—60045
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$1,215,000
9.5% YoY Growth
Household Income
$226,000
31.2% YoY Growth
Days on Market
39
8.0% Longer YoY
Home Price Forecast
2.7%
Median Rent
$4,800
13.7% YoY Growth
1-Bed Rent
$1,800
15.8% YoY Growth
2-Bed Rent
$4,650
24.3% YoY Growth
3-Bed Rent
$6,000
5.8% YoY Growth
Home Price Trends — Lake Forest, IL
As of May '26, the median home price in Lake Forest, IL is $1,215,000, with a year-over-year change of 9.5%. This indicates that home prices in Lake Forest, IL are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,215,000 | 9.5% |
| Single Family | $1,271,000 | 9.9% |
| Condos | $635,000 | 9.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |