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Long Lake

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

Median Home$202,286
Median Rent$1,310/month
Population3,745
Leading IndustriesHealthcare · Transportation · Arts, Food & Hospitality16% healthcare
Home Value Growth+8.8% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners74% of occupied units
NotableTransit82/100 · excellent transit access
Long Lake
IL

Frequently Asked Questions

What are today's mortgage rates in Long Lake?

As of today, the 30-year fixed mortgage rate for Long Lake is approximately 6.992% (7.001% 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 Long Lake?

The median home value in Long Lake is $202k. The median monthly rent is $1,310. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Long Lake?

Home values in Long Lake have increased 8.8% 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 Long Lake?

Based on a typical all-in ownership cost of $1,202/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Long Lake is $84k/year.

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What industries drive the economy in Long Lake?

The largest employment sectors in Long Lake are public administration (17%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.