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Lake Camelot

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

Median Home$208,700
Median Rent$894/month
Population1,759
Leading IndustriesTransportation · Information & Media · Finance & Insurance8% transportation
Home Value Growth+9.0% over 2 years
Retirees22% of residentsnear the national average
Homeowners83% of occupied units
NotableHigh Incomes$88k/year · top 27% nationally
Lake Camelot
IL

Frequently Asked Questions

What are today's mortgage rates in Lake Camelot?

As of today, the 30-year fixed mortgage rate for Lake Camelot is approximately 7.010% (7.019% 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 Camelot?

The median home value in Lake Camelot is $209k. The median monthly rent is $894. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Camelot?

Home values in Lake Camelot have increased 9.0% over the past two years. This represents moderate growth. 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 Camelot?

Based on a typical all-in ownership cost of $1,282/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Camelot is $88k/year.

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What industries drive the economy in Lake Camelot?

The largest employment sectors in Lake Camelot are public administration (29%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.