Foreclosure Homes in Round Lake, IL

Current Market Conditions in Round Lake, IL

The real estate market in Round Lake currently shows a steady increase in property values. Homes are in high demand, particularly those that are well-maintained and located near schools and amenities. Buyers are motivated by the village's reputation for family-friendly living and its proximity to larger urban centers.

In recent months, there has been a noticeable uptick in new home construction, catering to the growing population. This expansion indicates that Round Lake is an appealing option for families moving from nearby cities, boosting both the rental and purchase markets.

Rent Prices In Round Lake, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Round Lake, IL, is on a rollercoaster ride. The average rent price in Round Lake, IL, is $1,652.00. Indeed, when looking to rent in Round Lake, IL, you can expect to pay as little as $880.00 or as much as $3,160.00, with the average rent median estimated to be $1,590.00. The good news is that finding an affordable and desirable property to rent in Round Lake, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.