2026 Affordability Data
Most Affordable Neighborhoods in Lake Villa village - 2026 Data
The median home value in Lake Villa village is $309,400, 10% above nat'l avg. Median rent is $1,163/month. With an affordability index of 221, Lake Villa village is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Lake Villa village, IL area.
Key Takeaways: Affordability in Lake Villa village
- 1The most affordable neighborhood in Lake Villa village is Willowbrook village, with a median home value of $347,200.
- 2Lake Villa village's median home value is $309,400, 10% above nat'l avg (national: $281,900).
- 3Lake Villa village's affordability index is 221 (baseline 100), making it more affordable than the national average.
- 4Median rent in Lake Villa village is $1,163/month, near national avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Lake Villa village to find the most affordable areas based on home values, rent, and affordability index.
Lake Villa village Affordability Overview
Median Home Value
$309,400
10% above nat'l avg
Median Rent
$1,163/mo
Near nat'l avg
Median Income
$126,711
70% above nat'l avg
Affordability Index
221
121% above nat'l avg
Most Affordable Neighborhoods in Lake Villa village (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | Willowbrook villageIL | $347,200 |
| 2 | Riverside villageIL | $471,100 |
| 3 | Savoy villageIL | $260,800 |
| 4 | Lynwood villageIL | $195,900 |
| 5 | RochelleIL | $138,800 |
| 6 | Bethalto villageIL | $156,300 |
| 7 | Flossmoor villageIL | $293,400 |
| 8 | Hawthorn Woods villageIL | $580,400 |
| 9 | Glen Carbon villageIL | $272,000 |
| 10 | WaukeganIL | $164,400 |
| 11 | ChampaignIL | $191,200 |
| 12 | Schiller Park villageIL | $269,700 |
| 13 | Shiloh villageIL | $263,900 |
| 14 | Hazel Crest villageIL | $162,900 |
| 15 | HarvardIL | $161,400 |
Detailed Neighborhood Profiles
Home Value: $347,200
Rent: $1,163/mo
Affordability: 221
Population: 9,177
Walk Score: 0/100
Home Value: $471,100
Rent: $1,163/mo
Affordability: 221
Population: 9,225
Walk Score: 0/100
Home Value: $260,800
Rent: $1,163/mo
Affordability: 221
Population: 8,682
Walk Score: 0/100
4
Home Value: $195,900
Rent: $1,163/mo
Affordability: 221
Population: 9,087
Walk Score: 0/100
5
Home Value: $138,800
Rent: $1,163/mo
Affordability: 221
Population: 9,417
Walk Score: 0/100
6
Home Value: $156,300
Rent: $1,163/mo
Affordability: 221
Population: 9,281
Walk Score: 0/100
7
Home Value: $293,400
Rent: $1,163/mo
Affordability: 221
Population: 9,405
Walk Score: 0/100
8
Home Value: $580,400
Rent: $1,163/mo
Affordability: 221
Population: 9,111
Walk Score: 0/100
9
Home Value: $272,000
Rent: $1,354/mo
Affordability: 218
Population: 13,654
Walk Score: 0/100
10
Home Value: $164,400
Rent: $1,354/mo
Affordability: 218
Population: 89,435
Walk Score: 0/100
11
Home Value: $191,200
Rent: $1,354/mo
Affordability: 218
Population: 88,628
Walk Score: 0/100
12
Home Value: $269,700
Rent: $1,354/mo
Affordability: 218
Population: 11,600
Walk Score: 0/100
13
Home Value: $263,900
Rent: $1,354/mo
Affordability: 218
Population: 13,892
Walk Score: 0/100
14
Home Value: $162,900
Rent: $1,354/mo
Affordability: 218
Population: 13,737
Walk Score: 0/100
15
Home Value: $161,400
Rent: $1,354/mo
Affordability: 218
Population: 9,705
Walk Score: 0/100
Frequently Asked Questions About Affordability in Lake Villa village
What is the most affordable neighborhood in Lake Villa village, IL?▾
Based on 2026 data, Willowbrook village is the most affordable neighborhood in Lake Villa village with a median home value of $347,200. Kurby analyzed 15 neighborhoods in the Lake Villa village area to compile these rankings.
What is the median home price in Lake Villa village, IL?▾
The median home price in Lake Villa village is $309,400, which is 10% above nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Lake Villa village affordable compared to the national average?▾
Lake Villa village has an affordability index of 221, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Lake Villa village, IL?▾
The median monthly rent in Lake Villa village is $1,163. This is near national avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Lake Villa village?▾
The median household income in Lake Villa village is $126,711 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Lake Villa village are below the national average home price?▾
11 out of 15 ranked neighborhoods in Lake Villa village have a median home value below the national average of $281,900. The most affordable is Savoy village at $260,800 (Source: Kurby, 2026).