What is the median home value in Forest Lake, IL?

Name: Home values in Forest Lake, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Forest Lake, IL is $346,400 (±$97,119), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Forest Lake, the median home value went from $321,200 in 2015–2019 to $346,400 in 2020–2024 (+7.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $346,400 (±$97,119)
Owner-occupied homes: 656 (±238)
Most common range: $300,000 to $499,999

Home values in Forest Lake

Owner-occupied homes by value, 2020–2024
Value	Forest Lake	Lake County	Illinois	United States
Less than $50,000	18.8% (±24.5 points)	3.0%	5.4%	5.3%
$50,000 to $99,999	0.0% (±5.6 points)	1.5%	8.3%	6.1%
$100,000 to $149,999	0.0% (±5.6 points)	4.7%	9.7%	6.8%
$150,000 to $199,999	3.4% (±6.7 points)	11.0%	11.8%	9.0%
$200,000 to $299,999	13.3% (±13.5 points)	21.7%	22.3%	17.8%
$300,000 to $499,999	44.2% (±23.8 points)	31.4%	27.7%	26.9%
$500,000 to $999,999	20.4% (±17.8 points)	21.4%	12.1%	20.9%
$1,000,000 or more	0.0% (±5.6 points)	5.4%	2.7%	7.1%

The most common range is $300,000 to $499,999, 44.2% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Forest Lake against Lake County, its state and the nation

Estimate (90% margin of error)
	Forest Lake	Lake County	Illinois	United States
Median home value	$346,400 (±$97,119)	$345,700 (±$3,502)	$263,300 (±$797)	$332,700
Owner-occupied homes	656 (±238)	193,403 (±1,802)	3,378,910 (±14,728)	84,210,142

In Forest Lake, the median home value is not measurably different from Lake County ($345,700).

It is not measurably different from Illinois ($263,300).

It is not measurably different from the national figure ($332,700).

In Lake County, Forest Lake ranks 36 of 71 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 191 of 2,652.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Forest Lake have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$321,200 (±$25,073)	$346,400 (±$97,119)	+7.8%	No measurable change after inflation
Median owner cost with a mortgage	$1,905 (±$194)	$2,075 (±$747)	+8.9%	No measurable change after inflation
Median real estate taxes	$6,709 (±$727)	$6,185 (±$1,984)	−7.8%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Forest Lake

Nearest places with a published estimate, compared with Forest Lake
Place	Distance	Median home value	Compared with this place
Forest Lake	—	$346,400 (±$97,119)	—
Ela Township	1.2 mi	$538,700 (±$18,710)	Higher
Hawthorn Woods	1.8 mi	$619,100 (±$25,559)	Higher
Kildeer	2.1 mi	$770,700 (±$55,500)	Higher
Lake Zurich	2.1 mi	$435,300 (±$9,435)	Not measurably different
Long Grove	2.4 mi	$804,600 (±$50,264)	Higher
Deer Park	3.6 mi	$661,300 (±$33,214)	Higher
North Barrington	3.9 mi	$765,900 (±$50,095)	Higher
Indian Creek	3.9 mi	$450,800 (±$13,499)	Higher

Nearby places with a measurably higher figure: Ela Township, IL ($538,700), Hawthorn Woods, IL ($619,100), Kildeer, IL ($770,700).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Lake County, place by place

Rank	Place	Median home value
30	Highwood	$405,400 (±$120,494)
31	Knollwood	$393,000 (±$44,821)
32	Wadsworth	$378,900 (±$18,508)
33	Third Lake	$361,500 (±$12,841)
34	Lake Villa	$351,700 (±$13,713)
35	Newport Township	$350,100 (±$15,322)
36	Forest Lake	$346,400 (±$97,119)
37	Fremont Township	$344,600 (±$13,129)
38	Gurnee	$344,300 (±$9,156)
39	Grandwood Park	$330,500 (±$48,469)
40	Warren Township (Lake County)	$325,800 (±$7,472)
41	Volo	$319,700 (±$23,451)
42	Gages Lake	$310,500 (±$16,099)

Showing 13 of 71 places in Lake County, ranked from highest to lowest.

Forest Lake is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Forest Lake

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Forest Lake beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Forest Lake, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Forest Lake, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Forest Lake

What is the average home value in Forest Lake, IL?

The Census Bureau publishes the median: $346,400 (±$97,119) for owner-occupied homes in Forest Lake (2020–2024 American Community Survey).

Have home values in Forest Lake gone up?

In Forest Lake, the median home value went from $321,200 in 2015–2019 to $346,400 in 2020–2024 (+7.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Forest Lake sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Forest Lake CDP, Illinois (place:26896, in state:17).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.