Housing & Real Estate — Lake Villa, Illinois

Overview

Total Housing Units3,192
Occupied3,141
Vacant51
Owner-Occupied2,198
Renter-Occupied943
Median Home Value (Census)$351,700
Estimated 2026~$420,000
Median Rent$1,430/mo
Median Property Tax$10,001/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilityaffordable
Rent as % of Income14.5%
Severely Rent-Burdened20.1%

Housing Age

Built 2010 or later129
Built 2000-20091,074
Built 1990-1999819
Built before 1960266
Median Year Built1996
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.