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Lake Holiday

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

Median Home$259,500
Median Rent$1,278/month
Population5,611
Leading IndustriesArts, Food & Hospitality · Public Administration · Healthcare11% arts, food & hospitality
Home Value Growth⬆⬆+14.5% over 2 years
Retirees22% of residentsnear the national average
Homeowners91% of occupied units
NotableHigh Incomes$104k/year · top 15% nationally
NotableTransit80/100 · excellent transit access
Lake Holiday
IL

Frequently Asked Questions

What are today's mortgage rates in Lake Holiday?

As of today, the 30-year fixed mortgage rate for Lake Holiday is approximately 6.938% (6.945% 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 Holiday?

The median home value in Lake Holiday is $260k. The median monthly rent is $1,278. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Holiday?

Home values in Lake Holiday have increased 14.5% 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 Lake Holiday?

Based on a typical all-in ownership cost of $1,429/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Holiday is $104k/year.

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What industries drive the economy in Lake Holiday?

The largest employment sectors in Lake Holiday are public administration (29%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.