Housing & Real Estate — Island Lake, Illinois
Overview
| Total Housing Units | 3,045 |
|---|
| Occupied | 2,889 |
|---|
| Vacant | 156 |
|---|
| Owner-Occupied | 2,359 |
|---|
| Renter-Occupied | 530 |
|---|
| Median Home Value (Census) | $262,500 |
|---|
| Estimated 2026 | ~$317,000 |
|---|
| Median Rent | $1,855/mo |
|---|
| Median Property Tax | $6,500/yr |
|---|
Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | affordable |
|---|
| Rent as % of Income | 21.6% |
|---|
| Severely Rent-Burdened | 37.9% |
|---|
Housing Age
| Built 2010 or later | 91 |
|---|
| Built 2000-2009 | 414 |
|---|
| Built 1990-1999 | 1,037 |
|---|
| Built before 1960 | 570 |
|---|
| Median Year Built | 1990 |
|---|
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
