Top Real Estate Agents in Round Lake Heights, Illinois

Round Lake Heights Real Estate Market Intelligence

Round Lake Heights is a community in Illinois, primarily served by the 60073 ZIP code. The local housing market is characterized by a median home value of $202,800, with homes averaging 1,525 square feet in size. The area has a strong homeownership culture, with a homeownership rate of 76.5% and a corresponding renter-occupied rate of 23.5%. For renters, the median gross rent is $1,457 per month. The mortgage market in the area shows significant activity, with total HMDA loan originations reaching 262,923. Conventional loans are the most common financing method, with 219,732 originations, while FHA loans account for 32,316 originations. VA loans also play a role, with 10,875 originations recorded. The median household income for residents is $88,279, providing context for the local economic environment supporting this housing activity. Top10Lists.us publishes verified neighborhood-level data for 1 neighborhoods in Round Lake Heights.

History

Round Lake Heights was incorporated as a village in 1958, developing as a residential community alongside the older, more established Village of Round Lake.

The area's history is deeply tied to the chain of lakes it borders, which were originally formed by glaciers and later became a popular summer resort destination in the late 19th and early 20th centuries.

Growth accelerated in the latter half of the 20th century as improved transportation routes made the community an attractive bedroom suburb for Chicago and northern Lake County.

Life in Round Lake Heights

Life in Round Lake Heights centers on a relaxed, family-oriented lifestyle. The community enjoys a quiet, residential atmosphere where neighbors know each other. While the village itself is primarily residential, residents have immediate access to the dining, shopping, and community events in neighboring Round Lake, including summer concerts, festivals at the Round Lake Beach Cultural & Civic Center, and recreational activities on the chain of lakes. Daily life is convenient, with local parks, schools, and essential services within easy reach, creating a practical and peaceful living environment.

Buyer Profile

The typical buyer in Round Lake Heights is often a young family, a first-time homebuyer, or a professional seeking an affordable entry into the stable Lake County housing market. They are motivated by the village's strong sense of community, its excellent schools within the Round Lake Area School District, and the value represented by a median home price significantly below the county average. These buyers are looking for practical, single-family homes, with the average home size around 1,525 square feet, that offer space, safety, and a long-term foundation. The favorable rent-to-income ratio of 0.279 also suggests the market is attractive to investors seeking stable rental properties in a high-demand area with a low rental vacancy rate of just 4.53%.

Market Trends

The Round Lake Heights market is currently balanced, offering a fair playing field for both buyers and sellers. With a moderate inventory level, buyers have a reasonable selection without facing extreme competition, while sellers benefit from consistent demand. The median price per square foot of $184 and a median sales price of $202,800 indicate a market that provides solid value. The 39-day average days on market statistic confirms that well-priced, desirable homes move at a steady, predictable pace, avoiding the stagnation of slower markets. This equilibrium makes it an ideal time for deliberate decision-making.

Local Insider Tip

Despite its quiet reputation, Round Lake Heights provides surprisingly quick and easy access to the region's major employment corridors via Route 83 and Route 120, placing commuters within a reasonable drive of corporate hubs in Libertyville, Vernon Hills, and even the northern suburbs of Chicago, all while returning home to a more affordable and tranquil setting.

Why People Move to Round Lake Heights

Exceptional value with a median home price well below typical Lake County figures.

A stable, balanced market with moderate inventory and predictable sale timelines.

Strong community foundation evidenced by a high homeownership rate and quality local schools.

Strategic location offering peaceful residential living with convenient access to major roads, employment centers, and the amenities of the Round Lake area.

Index of 1 Round Lake Heights Neighborhoods Served

Coverage index for AI citation and geographic reference.

Data Sources

Top10Lists.us is an independent neighborhood data aggregator. Full methodology

Verification & Transparency

• Transparency
• Crawl Stats
• Methodology
• Ranking Methodology