The typical owner-occupied home in Lake In The Hills is worth about $321,900, 22% above the Illinois median of $263,300 and 3% below the national median of $332,700. Owners pay a median $7,430 a year in property taxes, about 2.31% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $117,151 a year, so the median home costs 2.7 times the median income (3.2 times for Illinois). 84% of occupied homes here are lived in by their owners, and 75% of those owners still have a mortgage.
Lake In The Hills at a glance
| Lake In The Hills | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $321,900 | $263,300 | $332,700 |
| Median property tax paid per year | $7,430 | $5,298 | $3,119 |
| Property tax as a share of value | 2.31% | 2.01% | 0.94% |
| Median household income | $117,151 | $83,390 | $80,734 |
| Homes lived in by their owners | 84% | 67% | 65% |
| Owner homes with a mortgage | 75% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,097 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 20.1% | 20.6% | 21.0% |
| Median rent | $1,689 | $1,274 | $1,413 |
| Rent as a share of renters' income | 30.1% | 29.1% | 30.6% |
| Median year homes were built | 1995 | 1971 | 1980 |
| Vacant homes | 2.6% | 7.7% | 10.1% |
| Population | 28,800 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Lake In The Hills
At this week's average 30-year rate of 7.11%, buying the median Lake In The Hills home of $321,900 with 20% down costs about $2,486 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,022, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $106,548 for the 20%-down payment. That payment is 25% of the median Lake In The Hills household income of $117,151; at that income and 20% down, the 28% guideline points to a home of about $354,000.
The median rent here is $1,689 a month, so owning the median home costs about $797 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $64,380 |
|---|---|
| Loan amount | $257,520 |
| Principal and interest | $1,732 |
| Property taxes (2.31% a year) | $620 |
| Homeowners insurance (our estimate, 0.5% a year) | $134 |
| PMI | $0 |
| Total per month | $2,486 |
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| Down payment | $11,266 |
|---|---|
| Loan amount | $316,070 |
| Principal and interest | $2,126 |
| Property taxes (2.31% a year) | $620 |
| Homeowners insurance (our estimate, 0.5% a year) | $134 |
| FHA mortgage insurance | $142 |
| Total per month | $3,022 |
Change the numbers in the calculator
Questions about home buying in Lake In The Hills
What is the median home value in Lake In The Hills?
About $321,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lake In The Hills?
Homeowners pay a median $7,430 a year, which is about 2.31% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Lake In The Hills?
For the median home with 20% down at 7.11%, the payment is about $2,486 a month. Keeping that under 28% of gross income takes about $106,548 a year.
More about Lake In The Hills
- Mortgage Refinance in Lake In The Hills
- Debt Relief in Lake In The Hills
- Home Equity Loans in Lake In The Hills
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data