Virginia Lake, Palatine, IL
Virginia Lake — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Virginia Lake, Palatine, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Virginia Lake Neighborhood Overview
Virginia Lake is a residential neighborhood in Palatine, Illinois, centered around its scenic namesake lake. This community offers a peaceful, suburban atmosphere with convenient access to the amenities of the northwest suburbs. Its location provides residents with a blend of natural beauty and suburban convenience.
Lifestyle & Amenities
The neighborhood's defining feature is Virginia Lake itself, which serves as a focal point for walking, fishing, and enjoying the outdoors. Residents are close to shopping and dining options along Northwest Highway and in downtown Palatine. The community fosters a quiet, family-friendly environment ideal for those seeking a retreat from busier areas.
Real Estate Market
The real estate in Virginia Lake primarily consists of single-family homes, many of which enjoy views or proximity to the lake. According to U.S. Census data, the median home value in the area is approximately $425,000. This positions the neighborhood as a stable and attractive market within the Palatine area.
Schools & Education
Homes in Virginia Lake are served by Palatine Community Consolidated School District 15 and Township High School District 211. These districts are known for their strong academic programs and extensive extracurricular offerings. Families have access to highly regarded public education from elementary through high school.
Transportation & Connectivity
The neighborhood is conveniently located near major roads like Northwest Highway (Route 14) and Quentin Road, providing easy car access to surrounding communities. While primarily car-dependent, residents can reach the Palatine Metra station for commuter rail service to Chicago. This connectivity makes it feasible for both suburban and city commutes.
Why Choose Virginia Lake
Virginia Lake is an excellent choice for homebuyers seeking a serene, established neighborhood with a beautiful natural centerpiece. It offers the benefits of top-tier school districts and a strong sense of community. The combination of its tranquil setting and practical location makes it a standout suburb within the 60038 ZIP code.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
Virginia Lake Market Data
| Metric | Value |
|---|---|
| Median Home Value | $425K |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 60038 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Virginia Lake, Palatine
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Virginia Lake, Palatine, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15