Madrona Village, Round Lake, IL
Madrona Village — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Madrona Village, Round Lake, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Madrona Village Neighborhood Overview
Madrona Village is a residential neighborhood located in Round Lake, Illinois, within the 60073 ZIP code. It offers a suburban living experience with a central location in Lake County. The community provides a family-friendly atmosphere with convenient access to local amenities and major roadways.
Lifestyle & Amenities
Residents enjoy a quiet, suburban lifestyle with nearby parks and local shopping options. The neighborhood's location provides easy access to the broader Round Lake area for dining and services. Its setting offers a balance of residential calm and practical convenience for daily needs.
Real Estate Market
The real estate market in Madrona Village features single-family homes with a Census-reported median home value of $202,800. Current market data indicates an asking price per square foot of approximately $195.98. This positions the neighborhood as a more affordable option within the Lake County area.
Schools & Education
Madrona Village is served by the Round Lake Area Schools district (Community Unit School District 116). Families in the neighborhood have access to the district's public elementary, middle, and high schools. The area is committed to providing educational opportunities for its residents.
Transportation & Connectivity
The neighborhood benefits from good connectivity via major roads like Rollins Road and Route 83. While primarily car-dependent, the area offers reasonable access to regional destinations. Its location provides routes towards employment centers in Lake County and beyond.
Why Choose Madrona Village
Madrona Village appeals to homebuyers seeking an affordable, stable community with a median household income of $88,279. It represents a value-conscious entry point into the Lake County housing market. The neighborhood is ideal for those who prioritize suburban living with straightforward access to regional amenities.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Madrona Village Market Data
| Metric | Value |
|---|---|
| Median Home Price | $203K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $88K |
| Homeownership Rate | 76.5% |
| Renter-Occupied | 23.5% |
| Rental Vacancy Rate | 4.5% |
| Market Type | Balanced |
| Market Tier | Mid-Market |
| Primary ZIP Code | 60073 |
| 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 Madrona Village, Round Lake
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Madrona Village, Round Lake, 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 2026-10-14