Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Lake in the Hills

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

Median Home$328,048
Median Rent$1,690/month
Population28,054
Leading IndustriesTransportation · Arts, Food & Hospitality · Retail4% transportation
Home Value Growth⬆⬆+15.5% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners85% of occupied units
NotableHigh Incomes$125k/year · top 7% nationally
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
Lake in the Hills
IL

Frequently Asked Questions

What are today's mortgage rates in Lake in the Hills?

As of today, the 30-year fixed mortgage rate for Lake in the Hills is approximately 6.930% (6.937% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lake in the Hills
What is the median home price in Lake in the Hills?

The median home value in Lake in the Hills is $328k. The median monthly rent is $1,690. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake in the Hills?

Home values in Lake in the Hills have increased 15.5% 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 in the Hills?

Based on a typical all-in ownership cost of $1,929/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $83k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake in the Hills is $125k/year.

Calculate your buying power
What industries drive the economy in Lake in the Hills?

The largest employment sectors in Lake in the Hills are public administration (22%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.