Lake Camelot, IL—61547
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Camelot, IL
As of Oct '25, the median home price in Lake Camelot, IL is $266,000, with a year-over-year change of 8.1%. This indicates that home prices in Lake Camelot, IL are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $266,000 | 8.1% |
| Single Family | $266,000 | 8.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $184,000 | 12.2% |
3 Bed | $256,000 | 8.9% |
4 Bed | $318,000 | 7.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lake Camelot, IL
Lake Camelot, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lake Camelot, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Camelot, IL is 54. This is a increase of 29.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | -1.0% |
Listing Count | 7 | -50.0% |
| Listings as % of Homes | 1.1% | -50.0% |
Days on Market | 54 | 29.0% |
Demographics — Lake Camelot, IL
As of the latest ACS Survey released in 2023, Lake Camelot, IL has a population of 3,740, which has decreased by -9.6% over the past 5 years. Lake Camelot, IL is a popular place for families, as children make up 29.8% of the population. The area has a moderately educated workforce, with 35.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,740 | -9.6% |
% Under 18 | 29.8% | 23.7% |
% Seniors | 19.8% | 42.4% |
% WFH | 12.2% | 306.7% |
% w/ College Degree | 35.9% | 15.4% |
As of the latest ACS Survey released in 2023, Lake Camelot, IL is a predominantly white area, with 86.1% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Lake Camelot, IL is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.7% of the population in Lake Camelot, IL, and this percentage has decreased by 36.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.1% | -12.0% |
% Black | 0.4% | 100.0% |
% Hispanic | 0.7% | -56.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.7% | -36.4% |
Mortgage and Risk — Lake Camelot, IL
Lake Camelot, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Lake Camelot, IL
Lake Camelot, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Lake Camelot, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $266,000 |
| Median Household Income | $120,000 |