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Foreclosure Homes in Lake Villa, IL

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Federal-pkwy-Lindenhurst-IL-60046
Foreclosure NEW
$194,055 EMV

Federal Pkwy
Lindenhurst, IL 60046

Cremin-dr-Lake-villa-IL-60046
Foreclosure NEW
$186,370 EMV

Cremin Dr
Lake Villa, IL 60046

| 1.5 Bath | 1,521 Sq. Ft.

Thrush-cir-Lindenhurst-IL-60046
Foreclosure
$271,290 EMV

Thrush Cir
Lindenhurst, IL 60046

4 Bed | 2.5 Bath | 2,616 Sq. Ft.

1 Osprey-ln-Lindenhurst-IL-60046
Foreclosure
$314,500 List Price

Osprey Ln
Lindenhurst, IL 60046

4 Bed | 2.1 Bath | 2,634 Sq. Ft.

W-marshfield-rd-Lake-villa-IL-60046
Foreclosure
$82,616 EMV

W Marshfield Rd
Lake Villa, IL 60046

| 1 Bath | 1,172 Sq. Ft.

Osprey-ln-Lindenhurst-IL-60046
Foreclosure
$214,608 EMV

Osprey Ln
Lindenhurst, IL 60046

| 2.5 Bath | 1,954 Sq. Ft.

N-state-route-83-Lake-villa-IL-60046
Foreclosure

N State Route 83
Lake Villa, IL 60046

14 Deep-lake-road-Lake-villa-IL-60046
Foreclosure
$1,000,000 List Price

Deep Lake Road
Lake Villa, IL 60046

Pines-blvd-Lake-villa-IL-60046
Preforeclosure
$406,850 EMV

Pines Blvd
Lake Villa, IL 60046

Arapaho-trl-Lake-villa-IL-60046
Preforeclosure

Arapaho Trl
Lake Villa, IL 60046

Displaying 1 - 10 of 379

Foreclosure Homes in Lake Villa, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lake Villa, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lake Villa, IL and much more. Save thousands at closing with home foreclosure listings in Lake Villa, IL — up to 75% off market value!


Top Reasons To Live In Lake Villa, IL In 2021

Lake Villa is located in Lake, Illinois, with an estimated municipal population of 8,573 residents. All of the best foreclosed homes for sale in Lake Villa are located in the following zip code areas on Foreclosure.com: 60046. The estimated population per square kilometer (.62 miles) in Lake Villa is 508.


Cost Of Living In Lake Villa, IL

So, about how much do homes cost in Lake Villa? The most recent median value of resident-owned homes in Lake Villa is 260,298. An estimated 69.3 percent of households in Lake Villa own their homes, with an average family size of 3.41. The median household income in Lake Villa is 105,341, with50.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Villa, the median commute time of resident workers (in minutes) is 35.4. And last, but certainly not least, are you looking for homes to rent in Lake Villa? If so, the average rent price paid by renters in Lake Villa is 1,162, according to recent statistics.


Diversity And Demographics In Lake Villa, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lake Villa, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Lake Villa is 38.1, split between 45.7 percent male versus 54.3 female. The percentage of residents who report being married in Lake Villa is 55.8, with an average family size of 3.41.

The percentage of residents who report their race in Lake Villa is as follows:

White 86.1%
Black / African American 4.8%
Asian 4.8%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.3%
Other 1.8%

Looking for family-friendly neighborhoods in and/or near Lake Villa? Or maybe you are searching for 55+ active adult communities in and/or near Lake Villa?

The percentage of residents who report their age in Lake Villa is as follows:

Under 10 12.6%
Aged 10-19 18.3%
20s 10.5%
30s 11.3%
40s 15.6%
50s 15%
60s 10.4%
70s 4.7%
80+ 1.6%

Best Schools In Lake Villa, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lake Villa with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lake Villa.


Pros And Cons Of Living In Lake Villa, Illinois

How do you know that living in -- or moving to -- Lake Villa is right where you need to be? Perhaps you grew up in Lake Villa or already live nearby; therefore, the decision to buy a home in Lake Villa is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lake Villa for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lake Villa:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lake Villa.


Reasons To Move To Lake Villa, Illinois, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lake Villa can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Villa, meanwhile, can field multiple offers from more qualified buyers.

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