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Lake Bluff

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

Median Home$837,137
Median Rent$1,797/month
Population5,555
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation19% arts, food & hospitality
Home Value Growth⬆⬆+14.3% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners88% of occupied units
NotableHigh Incomes$215k/year · top 1% nationally
NotableHighly Educated41% bachelor's · 22% graduate · top 1% nationally
Lake Bluff
IL

Frequently Asked Questions

What are today's mortgage rates in Lake Bluff?

As of today, the 30-year fixed mortgage rate for Lake Bluff is approximately 6.824% (6.828% 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 Lake Bluff?

The median home value in Lake Bluff is $837k. The median monthly rent is $1,797. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Bluff?

Home values in Lake Bluff have increased 14.3% 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 Lake Bluff?

Based on a typical all-in ownership cost of $3,039/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $130k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Bluff is $215k/year.

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What industries drive the economy in Lake Bluff?

The largest employment sectors in Lake Bluff are healthcare (21%) and arts, food, and hospitality (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.