Island Lake, IL Housing Statistics

A+

1%

Med. Home Val. NAT. AVG.

65%

Rent NAT. AVG.

24%

Owner Occ. NAT. AVG.

Island Lake Housing Information

Index	Island Lake	Illinois	National
Median home price	$328,567	$308,565	$326,622
Median rent asked	$2,385	$1,374	$1,444
Avg. people per household	2.7	2.6	2.6
Owner occupied households	78.7%	66.0%	63.6%
Renter occupied households	21.3%	34.0%	36.4%

Homes For Sale In Island Lake, IL

402 Channel Dr

Island Lake, IL

886 Quincy Ct

Island Lake, IL

714 Dartmouth Dr

Island Lake, IL

821 E Saratoga Cir

Island Lake, IL

Island Lake Housing Market

Monthly market trends

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Housing Quick Facts

The median home price in Island Lake is 1% higher than the national average.
The median rent asked in Island Lake is 65% higher than the national average.
The average number of people per household in Island Lake is 4% higher than the national average.
The number of owner occupied households in Island Lake is 24% higher than the national average.
The number of renter occupied households in Island Lake is 41% lower than the national average.

Most Affordable Places to Live in and Around Island Lake

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Round Lake Park, IL	8,005	$218,272	33%
McCullom Lake, IL	1,222	$245,561	25%
Round Lake Beach, IL	28,313	$268,049	18%
Long Lake, IL	3,173	$271,302	17%
Pistakee Highlands, IL	3,390	$277,160	15%
Island Lake, IL	8,403	$328,567	1%

Cities with similar population

	Population	Home Price	National Avg.
Mukwonago, WI	8,402	$459,082	41%
Vinton, VA	8,401	$271,251	17%
Oroville East, CA	8,405	$535,051	64%
Topanga, CA	8,406	$2,012,949	516%
Cleveland, TX	8,406	$175,643	46%
Island Lake, IL	8,403	$328,567	1%

Source: The Island Lake, IL housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.