Safe Rate Local
Learn about the people, housing, costs and businesses in Third Lake, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Third Lake.
True all-in cost — P&I, taxes, insurance & utilities for homes in Third Lake.
Find and compare lenders active near Third Lake.
FEMA flood zones and flood insurance estimates for Third Lake.
Seismic risk and earthquake insurance estimates for Third Lake.
Wildfire exposure and insurance estimates for Third Lake.
As of today, the 30-year fixed mortgage rate for Third Lake 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.
View current rates for Third LakeThe median home value in Third Lake is $338k. The median monthly rent is $2,115. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Third Lake have increased 23.4% 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.
Based on a typical all-in ownership cost of $2,052/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $88k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Third Lake is $141k/year.
Calculate your buying powerThe largest employment sectors in Third Lake are public administration (25%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.