Round Lake Beach, Illinois Real Estate & Housing Market

Round Lake Beach, IL Listings

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Round Lake Beach Housing Information

Index	Round Lake Beach	Illinois	National
Median home price	$125,400	$174,800	$184,700
Median rent asked	$1,146	$925	$949
Avg. people per household	3.5	2.6	2.6
Owner occupied households	76.5%	66.0%	63.6%
Renter occupied households	23.5%	34.0%	36.4%

Above is a snapshot look at the real estate market in Round Lake Beach, IL. In Round Lake Beach, IL, the median house price is $125,400, making the price 28% lower than that the average for Illinois. Therefore, the affordability of Round Lake Beach, IL area real estate is more affordable than the real estate in other areas of Illinois. In addition, Round Lake Beach, IL has a median rent price of $1,146; this price is 24% higher than that the average rental price for Illinois. 76.5% of residents in Round Lake Beach, IL are homeowners, and the average amount of people who reside in each home is 3.5. Round Lake Beach, IL has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Round Lake Beach, IL real estate for sale.

Round Lake Beach Home Affordability

When looking for real estate in Round Lake Beach, IL, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Round Lake Beach, IL, the median price of a home is $125,400 and $63,636 is the median household income. This means that the home price to income ratio is 2.0x, a ratio that is 33% lower than the average in Illinois. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Round Lake Beach, IL will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Round Lake Beach, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Park City, IL	7,402	$27,900	85%
North Chicago, IL	30,023	$106,500	42%
McCullom Lake, IL	1,011	$110,600	40%
Zion, IL	24,195	$116,800	37%
Waukegan, IL	88,159	$118,600	36%
Round Lake Beach, IL	27,936	$125,400	32%

Cities with similar population

City, State	Population	Home Price	National Avg.
French Valley, CA	27,949	$348,400	89%
Oakdale, MN	27,956	$201,900	9%
Woodstock, GA	27,964	$192,700	4%
Glen Ellyn, IL	27,894	$410,800	122%
Bella Vista, AR	27,985	$154,200	17%
Round Lake Beach, IL	27,936	$125,400	32%

Source: The Round Lake Beach, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).