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Lake View

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

Median Home$591,656
Median Rent$1,952/month
Population102,827
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services31% healthcare
Home Value Growth+9.0% over 2 years
Young Adults57% of residentstop 1% nationally
Renters62% of occupied units
NotableHighly Educated48% bachelor's · 24% graduate · top 1% nationally
NotableTransit97/100 · excellent transit access
Lake View
IL

Frequently Asked Questions

What are today's mortgage rates in Lake View?

As of today, the 30-year fixed mortgage rate for Lake View is approximately 6.833% (6.877% 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 View?

The median home value in Lake View is $592k. The median monthly rent is $1,952. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake View?

Home values in Lake View 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 View?

Based on a typical all-in ownership cost of $2,228/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $95k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake View is $127k/year.

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What industries drive the economy in Lake View?

The largest employment sectors in Lake View are healthcare (31%) and arts, food, and hospitality (28%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas