Market Overview
Home Prices in Fox Lake, IL
The median home value in Fox Lake, IL is $258,568 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fox Lake are priced37% below average. Fox Lake is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Fox Lake home values have risen by approximately37.2%, reflecting strong long-term appreciation in this market.
Price History
Fox Lake Home Price Trend
City Comparison
Fox Lake vs. National Median
At $258,568, homes in Fox Lake cost 37% below the national median of $410,000. This makes Fox Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fox Lake?
20% Down Payment
$51,714
on $258,568
Monthly P&I
$1,349/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,713/mo
incl. taxes & insurance
Income Needed
$68,520
gross annual (30% rule)
10% Down Option
$25,857
+ PMI applies
Loan Amount (20% dn)
$206,854
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Fox Lake, IL?
The median home value in Fox Lake is $258,568 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Fox Lake?
Over the past year, home values in Fox Lake have increased by 4.5%. Over five years, prices have risen approximately 37.2%.
How much do I need to earn to buy a home in Fox Lake?
To comfortably afford the median home price of $258,568 with a 20% down payment ($51,714) at today's rates (6.8%), you'd need a gross annual income of approximately $68,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Fox Lake compare to the national average home price?
The national median home value is approximately $410,000. At $258,568, homes in Fox Lake are 37% below the national average.
What metro area is Fox Lake part of?
Fox Lake is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.