$1,340
1 bd1 ba700 sqft
523 E Burnett Rd APT 2
Island Lake, IL Housing Market
$289,381
4.7% 1-yrThe average Island Lake, IL home value is $289,381, up 4.7% over the past year.
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Island Lake Key Takeaways
Typical Home Values: $289,381
1-year Value Change: +4.7%
(Data through August 31, 2025)
Island Lake Housing Market Overview
--1-year Market Forecast
18For sale inventory(August 31, 2025)
10New listings(August 31, 2025)
--Median sale to list ratio
--Median sale price(July 31, 2025)
--Median list price(August 31, 2025)
--Percent of sales over list price
--Percent of sales under list price
--Median days to pending
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Island Lake
- NameMedian ZHVI
- Venetian Village$268,184
- Poplar Hills$494,227
- Winston Knolls$447,166
- Green Oaks$739,364
- Cobblers Crossing$317,472
- Highpoint$412,942
- Century Oaks$333,774
- Northeastern Elgin$282,367
- Highlands$379,004
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Island Lake Rental Market Trends
--Average rent in Island Lake
$2,007National average rent(August 31, 2025)
--Month-over-month change
--Year-over-year change
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
