Home Values

Island Lake Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$146,900

  • 7.5% 1-year change
  • 4.1% 1-year forecast

The median home value in Island Lake is $146,900. Island Lake home values have gone up 7.5% over the past year and Zillow predicts they will rise 4.1% within the next year. The median list price per square foot in Island Lake is None. The median rent price in Island Lake is $1,350, which is lower than the Chicago Metro median of $1,600.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Island Lake is 7.1%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Island Lake homeowners underwater on their mortgage is 31.2%, which is higher than Chicago Metro at 23.7%.

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Relative ZHVI
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Island Lake Market Overview

Data through May 31, 2015
  • $146,900 ZHVI
  • 4.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Island Lake Market Health

Data through May 31, 2015
  • No recent data Stable
  • No data Average days on Zillow
  • 31.2% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 7.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Tower Lakes $423,300
Lake Barrington $342,600
Prairie Grove $321,600
Name Median ZHVI
Port Barrington $232,000
Fox River Grove $197,100
Oakwood Hills $177,000
Name Median ZHVI
Wauconda $167,300
Volo $163,800
Lakemoor $140,100

Listings & Sales

  • No data
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Island Lake Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,444 Island Lake
    $1,620 Chicago Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,350 Rent list price
  • $0.98 Rent list price / sq ft
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