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Lakemoor

Learn about the people, housing, costs and businesses in Lakemoor, Illinois

Median Home$273,697
Median Rent$1,724/month
Population5,988
Leading IndustriesEducation · Professional Services · Transportation4% education
Home Value Growth⬆⬆⬆+31.5% over 2 years
Young Adults28% of residentsnear the national average
Homeowners76% of occupied units
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
NotableHigh Incomes$102k/year · top 16% nationally
Lakemoor
IL

Frequently Asked Questions

What are today's mortgage rates in Lakemoor?

As of today, the 30-year fixed mortgage rate for Lakemoor is approximately 6.956% (6.964% 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 Lakemoor?

The median home value in Lakemoor is $274k. The median monthly rent is $1,724. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lakemoor?

Home values in Lakemoor have increased 31.5% 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 Lakemoor?

Based on a typical all-in ownership cost of $1,659/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lakemoor is $102k/year.

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What industries drive the economy in Lakemoor?

The largest employment sectors in Lakemoor are public administration (21%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.