Updated
Real Estate Investing in Lake County, IL
Lake County, IL real estate market data — demographics, home values, and investor context.
711,885
Population
$108,917
Median Income
$326,600
Median Home Value
74%
Owner-Occupied
Lake County, IL Demographics
US Census ACS 5-year estimates. Demographic context drives rent, home value, and absentee-ownership patterns — here's what the numbers say about Lake County, IL.
| Population | 711,885 |
|---|---|
| Median age | 38.9 |
| Median household income | $108,917 |
| Median home value | $326,600 |
| Median gross rent | $1,434 |
|---|---|
| Rent burden | 28.9% |
| Owner-occupied units | 190,963 |
| Renter-occupied units | 65,697 |
Why Investors Target Lake County, IL
Lake County, IL is home to 711,885 residents with a median age of 38.9 years. Households earn a median income of $108,917, against a median home value of $326,600 and a median gross rent of $1,434. Roughly 74% of occupied homes are owner-occupied, with the remainder rented — a key signal for absentee-owner and rental investors. Renters here spend a median of 28.9% of household income on gross rent.
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