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Round Lake Heights

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

Median Home$227,464
Median Rent$1,468/month
Population2,680
Leading IndustriesTransportation · Healthcare · Arts, Food & Hospitality6% transportation
Home Value Growth⬆⬆+11.6% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners81% of occupied units
NotableHigh Incomes$98k/year · top 18% nationally
Round Lake Heights
IL

Frequently Asked Questions

What are today's mortgage rates in Round Lake Heights?

As of today, the 30-year fixed mortgage rate for Round Lake Heights is approximately 6.994% (7.003% 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 Round Lake Heights?

The median home value in Round Lake Heights is $227k. The median monthly rent is $1,468. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Round Lake Heights?

Home values in Round Lake Heights have increased 11.6% 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 Round Lake Heights?

Based on a typical all-in ownership cost of $1,647/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 Round Lake Heights is $98k/year.

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What industries drive the economy in Round Lake Heights?

The largest employment sectors in Round Lake Heights are public administration (19%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.