Lake Forest, IL Housing
As of 2010-2014, median price of a house in Lake Forest is $833,200, which is much higher than the state average of $175,700 and is much higher than the national average of $175,700. The Lake Forest median house value has grown by 25.79% since 2000. The growth rate for the price of a house in Lake Forest is lower than the state average rate of 34.33% and is lower than the national average rate of 46.91%. The median year that a house in Lake Forest was built is 1972, which is newer than the median year for a house built in the state which is 1967 and is older than the median year for a house built in the USA which is 1976.
House Value
Median Value of a Total of 5,797 Owner Occupied Houses in Lake Forest, IL, #5Lake Forest, IL | 833,200 USD |
Illinois | 175,700 USD |
U.S. | 175,700 USD |
Lake Forest, IL | 25.79% |
Illinois | 34.33% |
U.S. | 46.91% |
*Based on 2010-2014 data. View historical house value data.
Housing Occupancy
Lake Forest, IL | Illinois | U.S. | |
Total Housing Units | 7,194, see rank, 100% | 5,299,433 | 132,741,033 |
Occupied Housing Units | 6,606, 91.83%, see rank | 90.17% | 87.55% |
Owner Occupied | 5,797, 80.58%, see rank | 60.28% | 56.34% |
Renter Occupied | 809, 11.25%, see rank | 29.89% | 31.21% |
Vacant Housing Units | 588, 8.17%, see rank | 9.83% | 12.45% |
For Rent | 53, 0.74%, see rank | 2.18% | 2.34% |
For Sale Only | 143, 1.99%, see rank | 1.36% | 1.20% |
Rented or Sold, Not Occupied | 68, 0.95%, see rank | 0.87% | 0.92% |
For Seasonal, Recreational, or Occasional Use | 110, 1.53%, see rank | 0.95% | 3.97% |
For Migrant Workers | 0, 0.00%, see rank | 0.01% | 0.03% |
Other Vacant | 214, 2.97%, see rank | 4.46% | 4.00% |
*Based on 2010-2014 data. View historical housing occupancy data.
Year Structure Built
Median Built Year, #353Lake Forest, IL | Illinois | U.S. |
1972 | 1967 | 1976 |
*Based on 2010-2014 data. View historical year structure built data.
Mortgage Status
Lake Forest, IL | % | Illinois | U.S. | |
Owner-Occupied Units | 5,797 | 100% | 3,194,707 | 74,787,460 |
With a Mortgage | 3,797 | 65.50%, see rank | 67.18% | 65.58% |
Without a Mortgage | 2,000 | 34.50%, see rank | 32.82% | 34.42% |
*Based on 2010-2014 data. View historical mortgage status data.
Monthly Owner Costs for Housing Units with a Mortgage
Median Owner Costs, see rank
Lake Forest, IL | 4,001 USD |
Illinois | 1,676 USD |
U.S. | 1,522 USD |
Owner Costs Distribution
Monthly Owner Costs | Lake Forest, IL | % | Illinois | U.S. |
$299 or Less | 0 | 0.00%, see rank | 0.14% | 0.20% |
$300 to $499 | 25 | 0.66%, see rank | 1.21% | 1.59% |
$500 to $699 | 21 | 0.55%, see rank | 4.05% | 5.01% |
$700 to $999 | 44 | 1.16%, see rank | 11.52% | 14.32% |
$1,000 to $1,499 | 84 | 2.21%, see rank | 24.62% | 27.90% |
$1,500 to $1,999 | 215 | 5.66%, see rank | 22.62% | 20.35% |
$2,000 to $2,999 | 562 | 14.80%, see rank | 24.08% | 19.52% |
$3,000 or More | 2,846 | 74.95%, see rank | 11.76% | 11.12% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lake Forest, IL | 25.20% of the Total Income |
Illinois | 24.20% of the Total Income |
U.S. | 23.70% of the Total Income |
Owner Cost as a Percentage of the Total Income, Distribution
Lake Forest, IL | % | Illinois | U.S. | |
10% or Less | 309 | 8.14%, see rank | 5.20% | 5.86% |
10% to 20% | 1,005 | 26.47%, see rank | 31.00% | 31.95% |
20% to 30% | 839 | 22.10%, see rank | 27.90% | 27.64% |
30% to 40% | 538 | 14.17%, see rank | 14.28% | 13.74% |
40% or More | 1,066 | 28.07%, see rank | 21.15% | 20.29% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.
Monthly Owner Costs for Housing Units without a Mortgage
Median Owner Costs, see rank
Lake Forest, IL | 1,001 USD |
Illinois | 572 USD |
U.S. | 457 USD |
Owner Costs Distribution
Monthly Owner Costs | Lake Forest, IL | % | Illinois | U.S. |
$199 or Less | 32 | 1.60%, see rank | 4.12% | 7.76% |
$200 to $299 | 12 | 0.60%, see rank | 8.95% | 14.70% |
$300 to $499 | 68 | 3.40%, see rank | 27.30% | 34.63% |
$500 to $699 | 122 | 6.10%, see rank | 25.34% | 21.16% |
$700 or More | 1,766 | 88.30%, see rank | 34.29% | 21.75% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lake Forest, IL | 13.30% of the Total Income |
Illinois | 13.50% of the Total Income |
U.S. | 12.30% of the Total Income |
Owner Cost as a Percentage of the Total Income, Distribution
Lake Forest, IL | % | Illinois | U.S. | |
10% or Less | 750 | 37.50%, see rank | 34.64% | 40.19% |
10% to 20% | 481 | 24.05%, see rank | 34.00% | 31.47% |
20% to 30% | 262 | 13.10%, see rank | 13.55% | 12.24% |
30% to 40% | 129 | 6.45%, see rank | 6.36% | 5.64% |
40% or More | 358 | 17.90%, see rank | 10.25% | 9.16% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.
Units in Structure
Lake Forest, IL | Illinois | U.S. | |
Total Housing Units | 7,194, 100% | 5,299,433 | 132,741,033 |
1-unit, Detached | 5,862, 81.48%, see rank | 58.58% | 61.65% |
1-unit, Attached | 436, 6.06%, see rank | 5.85% | 5.82% |
2 Units | 78, 1.08%, see rank | 5.71% | 3.75% |
3 or 4 Units | 49, 0.68%, see rank | 6.80% | 4.43% |
5 to 9 Units | 95, 1.32%, see rank | 6.22% | 4.78% |
10 or More Units | 608, 8.45%, see rank | 14.23% | 13.08% |
Mobile Home, Boat, RV, Van, etc. | 66, 0.92%, see rank | 2.61% | 6.49% |
*Based on 2010-2014 data. View historical units in structure data.
Rooms
Lake Forest, IL | Illinois | U.S. | |
Total Housing Units | 7,194, 100% | 5,299,433 | 132,741,033 |
1 Room | 33, 0.46%, see rank | 2.20% | 1.95% |
2 Rooms | 38, 0.53%, see rank | 2.22% | 2.48% |
3 Rooms | 128, 1.78%, see rank | 8.27% | 9.13% |
4 Rooms | 475, 6.60%, see rank | 16.08% | 16.60% |
5 Rooms | 497, 6.91%, see rank | 20.31% | 20.41% |
6 Rooms | 674, 9.37%, see rank | 18.17% | 18.06% |
7 Rooms | 695, 9.66%, see rank | 12.12% | 12.27% |
8 Rooms | 979, 13.61%, see rank | 8.93% | 8.48% |
9 Rooms or More | 3,675, 51.08%, see rank | 11.70% | 10.60% |
Median Rooms | 9.00, see rank | 5.60 | 5.50 |
*Based on 2010-2014 data. View historical rooms data.
Bedrooms
Lake Forest, IL | Illinois | U.S. | |
Total Housing Units | 7,194, 100% | 5,299,433 | 132,741,033 |
No Bedroom | 33, 0.46%, see rank | 2.50% | 2.17% |
1 Bedroom | 244, 3.39%, see rank | 11.67% | 11.16% |
2 Bedrooms | 928, 12.90%, see rank | 29.01% | 26.69% |
3 Bedrooms | 1,765, 24.53%, see rank | 36.76% | 39.70% |
4 Bedrooms | 2,510, 34.89%, see rank | 15.97% | 16.05% |
5 or More Bedrooms | 1,714, 23.83%, see rank | 4.10% | 4.22% |
*Based on 2010-2014 data. View historical bedrooms data.
House Heating Fuel
Lake Forest, IL | Illinois | U.S. | |
Total Housing Units | 6,606, 100% | 4,778,633 | 116,211,092 |
Utility Gas | 5,855, 88.63%, see rank | 79.46% | 48.85% |
Bottled, Tank, or LP Gas | 48, 0.73%, see rank | 4.08% | 4.86% |
Electricity | 686, 10.38%, see rank | 14.82% | 36.68% |
Fuel Oil, Kerosene, etc. | 0, 0.00%, see rank | 0.20% | 5.86% |
Coal or Coke | 0, 0.00%, see rank | 0.02% | 0.12% |
Wood | 0, 0.00%, see rank | 0.50% | 2.12% |
Solar Energy | 0, 0.00%, see rank | 0.02% | 0.05% |
Other Fuel | 9, 0.14%, see rank | 0.45% | 0.47% |
No Fuel Used | 8, 0.12%, see rank | 0.46% | 1.00% |
*Based on 2010-2014 data. View historical house heating fuel data.
Gross Rent
Monthly Rental | Lake Forest, IL | Illinois | U.S. |
Occupied Units Paying Rent | 741, 100% | 1,513,617 | 39,201,928 |
$199 or Less | 8, 1.08%, see rank | 1.84% | 1.50% |
$200 to $299 | 0, 0.00%, see rank | 3.23% | 3.18% |
$300 to $499 | 8, 1.08%, see rank | 7.28% | 7.37% |
$500 to $699 | 8, 1.08%, see rank | 15.00% | 16.01% |
$700 to $999 | 143, 19.30%, see rank | 33.11% | 29.17% |
$1,000 to $1,499 | 198, 26.72%, see rank | 26.04% | 26.88% |
$1,500 to $1,999 | 162, 21.86%, see rank | 8.81% | 9.79% |
$2,000 or More | 214, 28.88%, see rank | 4.70% | 6.10% |
Median | $1,517, see rank | $903 | $920 |
*Based on 2010-2014 data. View historical gross rent data.
Vehicle Available
Lake Forest, IL | Illinois | U.S. | |
Occupied Housing Units | 6,606, 100% | 4,778,633 | 116,211,092 |
No Vehicles Available | 79, 1.20%, see rank | 10.79% | 9.12% |
1 Vehicles Available | 1,487, 22.51%, see rank | 35.14% | 33.80% |
2 Vehicles Available | 3,432, 51.95%, see rank | 36.99% | 37.48% |
3 or More Vehicles Available | 1,608, 24.34%, see rank | 17.09% | 19.61% |
*Based on 2010-2014 data. View historical vehicle available data.