Foreclosures in Lily Lake, IL

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Home Value Estimator For Lily Lake, IL

There are currently 2 real estate properties in Lily Lake, IL, with a median automated valuation model (AVM) price of $341,172.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lily Lake, 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 Lily Lake, IL, is $441,872.00, with the most expensive house in Lily Lake, IL, topping out at $542,572.00 and the cheapest home in Lily Lake, IL, clocking in at $341,172.00. In other words, there’s something for every potential homebuyer or savvy investor in Lily Lake, IL!

Rent Prices In Lily Lake, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lily Lake, IL, is on a rollercoaster ride. The average rent price in Lily Lake, IL, is $2,400.00. Indeed, when looking to rent in Lily Lake, IL, you can expect to pay as little as $1,980.00 or as much as $2,820.00, with the average rent median estimated to be $1,980.00. The good news is that finding an affordable and desirable property to rent in Lily Lake, 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 Lily Lake, IL In 2024

Lily Lake is located in Kane, Illinois, with an estimated municipal population of 1,023 residents. All of the best foreclosed homes for sale in Lily Lake are located in the following zip code areas on 60151 60175. The estimated population per square kilometer (.62 miles) in Lily Lake is 143.

Cost Of Living In Lily Lake, IL

So, about how much do homes cost in Lily Lake? The most recent median value of resident-owned homes in Lily Lake is 354,890. An estimated 92.7 percent of households in Lily Lake own their homes, with an average family size of 3.08. The median household income in Lily Lake is 132,273, with72.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lily Lake, the median commute time of resident workers (in minutes) is 36.9. And last, but certainly not least, are you looking for homes to rent in Lily Lake? If so, the average rent price paid by renters in Lily Lake is 1,750, according to recent statistics.

Diversity And Demographics In Lily Lake, 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 Lily Lake, 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 Lily Lake is 43.8, split between 52.8 percent male versus 47.2 female. The percentage of residents who report being married in Lily Lake is 67.9, with an average family size of 3.08.

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

White 92.7%
Black / African American 4%
Asian 0.8%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.5%
Other 1.1%

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

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

Under 10 9.7%
Aged 10-19 15.4%
20s 10.3%
30s 10.3%
40s 16%
50s 15.9%
60s 15.3%
70s 5.7%
80+ 1.4%

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

Pros And Cons Of Living In Lily Lake, Illinois

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

  • 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 Lily Lake.

Reasons To Move To Lily Lake, 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 Lily Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lily Lake, meanwhile, can field multiple offers from more qualified buyers.

Lily Lake, IL Foreclosures


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