Cheap Homes in Round Lake, IL

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View this home at W Passavant Ave Round Lake IL 60073
Tax Lien
$34,866 EMV

| 1 Bath | 1,030 Sq. Ft.

View this home at N Hickory Ln Round Lake IL 60073
Tax Lien
$13,449 EMV
View this home at N Hickory Ln Round Lake IL 60073
Tax Lien
$59,583 EMV
View this home at W Rollins Rd Round Lake IL 60073
Tax Lien
$42,434 EMV
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Home Value Estimator For Round Lake, IL

There are currently 6,187 real estate properties in Round Lake, IL, with a median automated valuation model (AVM) price of $292,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Round 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 Round Lake, IL, is $298,676.00, with the most expensive house in Round Lake, IL, topping out at $825,100.00 and the cheapest home in Round Lake, IL, clocking in at $20,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Round Lake, IL!

Rent Prices In Round Lake, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Round Lake, IL, is on a rollercoaster ride. The average rent price in Round Lake, IL, is $1,653.00. Indeed, when looking to rent in Round Lake, IL, you can expect to pay as little as $880.00 or as much as $3,160.00, with the average rent median estimated to be $1,590.00. The good news is that finding an affordable and desirable property to rent in Round 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.

Foreclosure Homes in Round Lake, IL

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

Top Reasons To Live In Round Lake, IL In 2023

Round Lake is located in Lake, Illinois, with an estimated municipal population of 18,100 residents. All of the best foreclosed homes for sale in Round Lake are located in the following zip code areas on 60073. The estimated population per square kilometer (.62 miles) in Round Lake is 1,257.

Cost Of Living In Round Lake, IL

So, about how much do homes cost in Round Lake? The most recent median value of resident-owned homes in Round Lake is 198,246. An estimated 78.2 percent of households in Round Lake own their homes, with an average family size of 3.61. The median household income in Round Lake is 82,521, with39.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Round Lake, the median commute time of resident workers (in minutes) is 36.6. And last, but certainly not least, are you looking for homes to rent in Round Lake? If so, the average rent price paid by renters in Round Lake is 1,274, according to recent statistics.

Diversity And Demographics In Round 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 Round 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 Round Lake is 34.6, split between 47.8 percent male versus 52.2 female. The percentage of residents who report being married in Round Lake is 53.2, with an average family size of 3.61.

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

White 69.5%
Black / African American 9.4%
Asian 13.6%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 3.7%
Other 3.5%

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

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

Under 10 15.7%
Aged 10-19 16.4%
20s 12%
30s 14.7%
40s 16.1%
50s 11.5%
60s 9.2%
70s 3.4%
80+ 1%

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

Pros And Cons Of Living In Round Lake, Illinois

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

Reasons To Move To Round Lake, Illinois, In 2023

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

Cheap Homes in Round Lake, IL


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