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Candlewick Lake

Learn about the people, housing, costs and businesses in Candlewick Lake, Illinois

Median Home$170,300
Median Rent$1,530/month
Population5,265
Leading IndustriesEducation · Retail · Finance & Insurance4% education
Home Value Growth⬆⬆⬆+59.5% over 2 years
Family-Friendly28% of residentswell above average
Homeowners90% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Candlewick Lake
IL

Frequently Asked Questions

What are today's mortgage rates in Candlewick Lake?

As of today, the 30-year fixed mortgage rate for Candlewick Lake is approximately 6.986% (6.998% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Candlewick Lake?

The median home value in Candlewick Lake is $170k. The median monthly rent is $1,530. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Candlewick Lake?

Home values in Candlewick Lake have increased 59.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Candlewick Lake?

Based on a typical all-in ownership cost of $1,375/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Candlewick Lake is $79k/year.

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What industries drive the economy in Candlewick Lake?

The largest employment sectors in Candlewick Lake are public administration (21%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.