Lake in the Hills, Illinois is a moderately-sized city with a population of 28,908 people. The majority of Lake in the Hills residents report their race to be White; this is followed by Asian and Black. Lake in the Hills has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 77% of the population is classified as married and 48% have kids.
Living in Lake in the Hills can be a good experience for anyone relocating to the town. Having said that, in the state of Illinois, there are many desirable places to live, so choose wisely! Finding the best places to live in Lake in the Hills and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, cost of living, weather, housing and other important metrics.
The livability score in Lake in the Hills is 81/100 and the city is ranked in the 95th percentile of all cities across America. Compared to the US average, Lake in the Hills ranks among some of the best places to live in the country! The cherry on top is that Lake in the Hills also ranks in the top 10 percent of all cities. If we dig a little deeper into each category within the livability score, we see that Lake in the Hills has higher than average rankings for the following: amenities (A+), crime (A+) and housing (A-). There is at least one category that does not have great scores in Lake in the Hills. The following was graded with a concerning score: weather (D-).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Lake in the Hills, there is no shortage of amazing local amenities and interesting things to do.
Crime rates can be the deciding factor for anyone looking to relocate to a new area. Lake in the Hills gets top scores for their low violent crime rates of 87 crimes per 100,000 residents, which are significantly lower than the national average.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Lake in the Hills has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Assuming that Lake in the Hills meets all of your requirements, the next most important item to examine is the affordability of real estate in Lake in the Hills. Everything else becomes a lot less important if it turns out that home prices in Lake in the Hills are simply unattainable. Median real estate prices in Lake in the Hills come in at $204,000, which is 16.7% higher than the Illinois average. The home price to income ratio compares the median home prices to the median household income. In Lake in the Hills, the home price to income ratio is 2.4, which is 20% lower than the Illinois average. Year over year appreciation rates for homes in the Lake in the Hills area were 5.8% and the 5 year appreciation rates came in at 6.9%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.