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Lake Catherine

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

Median Home$273,205
Median Rent$1,400/month
Population1,374
Leading IndustriesTransportation · Wholesale Trade · Manufacturing4% transportation
Home Value Growth⬆⬆⬆+30.9% over 2 years
Retirees21% of residentsnear the national average
Homeowners79% of occupied units
NotableAmenity Score69/100 · highly walkable area
NotableTransit79/100 · excellent transit access
Lake Catherine
IL

Frequently Asked Questions

What are today's mortgage rates in Lake Catherine?

As of today, the 30-year fixed mortgage rate for Lake Catherine is approximately 6.974% (6.982% 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 Catherine?

The median home value in Lake Catherine is $273k. The median monthly rent is $1,400. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Catherine?

Home values in Lake Catherine have increased 30.9% 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 Catherine?

Based on a typical all-in ownership cost of $1,625/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Catherine is $95k/year.

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What industries drive the economy in Lake Catherine?

The largest employment sectors in Lake Catherine are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.