There are currently 7,357 real estate properties in Lake Zurich, IL, with a median automated valuation model (AVM) price of $358,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Zurich, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lake Zurich, IL, is $368,586.00, with the most expensive house in Lake Zurich, IL, topping out at $14,213,400.00 and the cheapest home in Lake Zurich, IL, clocking in at $49,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Zurich, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Zurich, IL, is on a rollercoaster ride. The average rent price in Lake Zurich, IL, is $2,331.00. Indeed, when looking to rent in Lake Zurich, IL, you can expect to pay as little as $870.00 or as much as $4,380.00, with the average rent median estimated to be $2,260.00. The good news is that finding an affordable and desirable property to rent in Lake Zurich, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lake Zurich, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lake Zurich, IL and much more. Save thousands at closing with home foreclosure listings in Lake Zurich, IL — up to 75% off market value!
Lake Zurich is located in Lake, Illinois, with an estimated municipal population of 19,877 residents. All of the best foreclosed homes for sale in Lake Zurich are located in the following zip code areas on Foreclosure.com: 60047. The estimated population per square kilometer (.62 miles) in Lake Zurich is 1,122.
So, about how much do homes cost in Lake Zurich? The most recent median value of resident-owned homes in Lake Zurich is 337,278. An estimated 83.6 percent of households in Lake Zurich own their homes, with an average family size of 3.19. The median household income in Lake Zurich is 119,349, with62.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Zurich, the median commute time of resident workers (in minutes) is 32.1. And last, but certainly not least, are you looking for homes to rent in Lake Zurich? If so, the average rent price paid by renters in Lake Zurich is 1,562, according to recent statistics.
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 Zurich, 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 Zurich is 38.8, split between 48.9 percent male versus 51.1 female. The percentage of residents who report being married in Lake Zurich is 61.6, with an average family size of 3.19.
The percentage of residents who report their race in Lake Zurich is as follows:
|Black / African American||1.9%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Lake Zurich? Or maybe you are searching for 55+ active adult communities in and/or near Lake Zurich?
The percentage of residents who report their age in Lake Zurich is as follows:
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 Zurich with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lake Zurich.
How do you know that living in -- or moving to -- Lake Zurich is right where you need to be? Perhaps you grew up in Lake Zurich or already live nearby; therefore, the decision to buy a home in Lake Zurich is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lake Zurich 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 Zurich:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lake Zurich.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lake Zurich can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Zurich, meanwhile, can field multiple offers from more qualified buyers.