Short Sale Listings in Lakemoor, IL

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View this home at S Sheridan Rd Lakemoor IL 60051
$143,471 EMV

2 Bed

View this home at Bay Meadow Ln Lakemoor IL 60051

4 Bed | 5 Bath | 2,544 Sq. Ft.

View this home at Pilgrims Pass Lakemoor IL 60051
$293,083 EMV

4 Bed | 3 Bath | 2,461 Sq. Ft.

View this home at Tia Juana Dr Lakemoor IL 60051
$257,983 EMV

| 1,560 Sq. Ft.

View this home at N Allegheny Way Lakemoor IL 60051

| 2 Bath | 1,311 Sq. Ft.

View this home at W Sheridan Rd Lakemoor IL 60051
$280,377 EMV

3 Bed | 3 Bath

View this home at Pilgrims Ct Lakemoor IL 60051
$316,205 EMV

| 2 Bath | 1,946 Sq. Ft.

View this home at Morris Ct Lakemoor IL 60051
$181,664 EMV

| 4 Bath | 1,456 Sq. Ft.

View this home at Weathervane Ln Lakemoor IL 60051
$310,618 EMV

| 2.5 Bath | 3,311 Sq. Ft.

View this home at Venice Rd Lakemoor IL 60051
$224,738 EMV
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Home Value Estimator For Lakemoor, IL

There are currently 2,063 real estate properties in Lakemoor, IL, with a median automated valuation model (AVM) price of $230,016.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lakemoor, 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 Lakemoor, IL, is $255,905.00, with the most expensive house in Lakemoor, IL, topping out at $3,900,000.00 and the cheapest home in Lakemoor, IL, clocking in at $16,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Lakemoor, IL!

Rent Prices In Lakemoor, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lakemoor, IL, is on a rollercoaster ride. The average rent price in Lakemoor, IL, is $1,507.00. Indeed, when looking to rent in Lakemoor, IL, you can expect to pay as little as $830.00 or as much as $3,960.00, with the average rent median estimated to be $1,410.00. The good news is that finding an affordable and desirable property to rent in Lakemoor, 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.

Top Reasons To Live In Lakemoor, IL In 2024

Lakemoor is located in McHenry, Illinois, with an estimated municipal population of 5,967 residents. All of the best foreclosed homes for sale in Lakemoor are located in the following zip code areas on 60051. The estimated population per square kilometer (.62 miles) in Lakemoor is 438.

Cost Of Living In Lakemoor, IL

So, about how much do homes cost in Lakemoor? The most recent median value of resident-owned homes in Lakemoor is 190,497. An estimated 61.2 percent of households in Lakemoor own their homes, with an average family size of 3.1. The median household income in Lakemoor is 80,258, with39.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lakemoor, the median commute time of resident workers (in minutes) is 35.2. And last, but certainly not least, are you looking for homes to rent in Lakemoor? If so, the average rent price paid by renters in Lakemoor is 1,368, according to recent statistics.

Diversity And Demographics In Lakemoor, 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 Lakemoor, 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 Lakemoor is 35.2, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Lakemoor is 48, with an average family size of 3.1.

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

White 94.4%
Black / African American 1.7%
Asian 1.7%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.7%
Other 0.2%

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

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

Under 10 14.6%
Aged 10-19 12.2%
20s 13.8%
30s 17.7%
40s 15.4%
50s 14.3%
60s 7.3%
70s 2.9%
80+ 1.7%

Best Schools In Lakemoor, 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 Lakemoor with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lakemoor.

Pros And Cons Of Living In Lakemoor, Illinois

How do you know that living in -- or moving to -- Lakemoor is right where you need to be? Perhaps you grew up in Lakemoor or already live nearby; therefore, the decision to buy a home in Lakemoor is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lakemoor 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 Lakemoor:

  • 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 Lakemoor.

Reasons To Move To Lakemoor, Illinois, In 2024

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

Lakemoor, IL Short Sale Listings


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