Lake Forest
Lake Forest city, Illinois
Lake Forest, Illinois, is an idyllic haven for families seeking a blend of classic charm and modern convenience, a world away from the hustle of city life. Nestled along the shores of Lake Michigan, this affluent community offers a lifestyle that prioritizes quality of life, with tree-lined streets, meticulously maintained homes, and a palpable sense of community. While the median home value of $894,400 is significantly above the national average, the investment is reflected in the exceptional schools, safe streets, and a vibrant cultural scene. With a population of just under 20,000, Lake Forest maintains a close-knit atmosphere where neighbors know each other and children grow up with a sense of belonging. The median household income of over $200,000 indicates a prosperous community where residents enjoy a high standard of living, making it a highly desirable destination for those seeking a premium lifestyle.
From an investment perspective, Lake Forest presents a stable and attractive real estate market, with property values that have historically held their value. The low unemployment rate in the area is a testament to the robust local economy and the presence of numerous professional opportunities. While specific employment figures aren't available, the high median income underscores the financial stability of the residents. The area is known for being family-friendly, and that is reflected in the overall safety of the area. Lake Forest is an ideal location for families seeking a safe, friendly environment with excellent schools and a strong sense of community, and it's also a smart choice for those looking to invest in a property that is likely to appreciate over time.
Lake Forest, Illinois at a Glance
Lake Forest is a city in Lake Forest city, Illinois with a population of approximately 19,436. The median home value is $894,400 and the median household income is $202,153. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $1,354 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$894,400
Median Income
$202,153
Population
19,436
Walk Score
0
Air Quality
AQI 43
Good
Climate Risk
Relatively Moderate
Fair
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- Population
- 19,436
- Median Age
- N/A
- Median Household Income
- $202,153
171% above nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 4.0%
68% below nat'l avg
- Median Home Value
- $894,400
217% above nat'l avg
- Median Rent
- $1,354
16% above nat'l avg
- Homeownership Rate
- 90.0%
37% above nat'l avg
- Affordability Index
- 218
118% above nat'l avg
- Violent Crime Rate
- 1.2 per 1K
67% below nat'l avg
- Property Crime Rate
- 3.7 per 1K
81% below nat'l avg
- AQI
- 43
Near nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 73.10
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 15.0¢/kWh
10% below nat'l avg
- Est. Monthly Electric
- $135
Near nat'l avg
- Total Schools
- 2
- Elementary
- 1
- Middle
- 0
- High School
- 1
- Avg. Enrollment
- 449
- Student-Teacher Ratio
- 15.2:1
- Free/Reduced Lunch
- 23.1%
- Title I Schools
- 0%
Student Demographics
Nearby Schools
- Unemployment Rate
- 3.1%
16% below nat'l avg
- Poverty Rate
- 4.0%
68% below nat'l avg
Weather & Climate in Lake Forest
Avg High
63°F
Avg Low
45°F
Annual Rainfall
37.7"
Avg Humidity
69%
Political Landscape
→ Politically stable
Based on McLean County county-level presidential election data
Culture & Things to Do in Lake Forest
Lake Forest Day
Annual community celebration with a parade and festivities.
Lake Forest Farmers Market
Weekly market offering local produce and goods.
Deerpath Art League Art Fair
Annual art fair showcasing local and regional artists.
Lake Forest Library Events
The library hosts regular events for all ages, including author talks and workshops.
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