2026 Affordability Data
Most Affordable Neighborhoods in Island Lake village - 2026 Data
The median home value in Island Lake village is $223,100, 21% below nat'l avg. Median rent is $1,754/month. We ranked 0 neighborhoods by affordability to help you find the best value in the Island Lake village, IL area.
Key Takeaways: Affordability in Island Lake village
- 1Island Lake village's median home value is $223,100, 21% below nat'l avg (national: $281,900).
- 2Median rent in Island Lake village is $1,754/month, 51% above nat'l avg (national: $1,163/month).
Island Lake village Affordability Overview
Median Home Value
$223,100
21% below nat'l avg
Median Rent
$1,754/mo
51% above nat'l avg
Median Income
$91,852
23% above nat'l avg
Affordability Index
N/A
Frequently Asked Questions About Affordability in Island Lake village
What is the median home price in Island Lake village, IL?▾
The median home price in Island Lake village is $223,100, which is 21% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
What is the average rent in Island Lake village, IL?▾
The median monthly rent in Island Lake village is $1,754. This is 51% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Island Lake village?▾
The median household income in Island Lake village is $91,852 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).