Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 26,879, 8,259 total housing units (homes and apartments), and a median house value of $252,995, house prices in Round Lake Beach are solidly below the national average.
Single-family detached homes are the single most common housing type in Round Lake Beach, accounting for 77.92% of the village's housing units. Other types of housing that are prevalent in Round Lake Beach include row houses and other attached homes ( 10.44%), large apartment complexes or high rise apartments ( 7.57%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.39%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Round Lake Beach. Owner-occupied housing accounts for 79.44% of Round Lake Beach's homes, and 71.07% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Round Lake Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Round Lake Beach built between 1940-1969 ( 17.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.82%). There's also some housing in Round Lake Beach built before 1939 ( 6.31%).
Appreciation rates for homes in Round Lake Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 110.64%, which ranks in the top 30% nationwide. This equates to an annual average Round Lake Beach house appreciation rate of 7.73%.
Appreciation rates are so strong in Round Lake Beach that despite a nationwide downturn in the housing market, Round Lake Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Round Lake Beach appreciation rates continue to be some of the highest in America, at 9.00%, which is higher than appreciation rates in 80.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Round Lake Beach. Round Lake Beach appreciation rates in the latest quarter were at 2.79%, which equates to an annual appreciation rate of 11.63%.
Relative to Illinois, our data show that Round Lake Beach's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.
One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Round Lake Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Round Lake Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Round Lake Beach real estate investment or home purchase decisions.
$252,995
for Illinois
for nation
8,259
$2,698 / per month