Lake Villa First-Time Homebuyer Report for October

Lake Villa is a small city in Illinois with a median income of $72,442 per household. Besides being very affluent, its population is much older than others with a median age of 36 years. The Lake Villa market almost exclusively consists of detached houses, accounting for 91% of the current homes in the area. The best school in the city is William L Thompson School.

Price Range

The median value of homes in Lake Villa is $199,500, making it one of the most valuable areas in Illinois. At the same time, the average list price of available homes is presently $261,841. The Lake Villa market remained slow with nine homes sold in the last 30 days, an 18.2% sales drop.

Make sure you take a look at these eye-catching homes in Lake Villa that generated the most views from potential buyers:

$369K   $2M   $309K  

Typical Dwelling

The typical dwelling in Lake Villa is a four-bedroom detached home worth about $268,675. To purchase a similar home, a buyer with good credit and a $53,735 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,491 monthly payment. The property tax rate is $19.95 per $1,000 of taxable assessed value.

Get started right now by checking out Lake Villa homes for sale or reviewing Lake Villa real estate trends.


Data reported through 10/13/2016

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Prudential Rubloff Properties
3 reviews
First Class Realty
Snapped 2 homes in this area
Results Realty USA
Snapped 1 home in this area

Agents that specialize in this area
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