Market Overview
Home Prices in Lake Barrington, IL
The median home value in Lake Barrington, IL is $556,568 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.3% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Barrington are priced36% above average. Lake Barrington is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Lake Barrington home values have risen by approximately33.8%, reflecting strong long-term appreciation in this market.
Price History
Lake Barrington Home Price Trend
City Comparison
Lake Barrington vs. National Median
At $556,568, homes in Lake Barrington cost 36% above the national median of $410,000. Buyers in Lake Barrington should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lake Barrington?
20% Down Payment
$111,314
on $556,568
Monthly P&I
$2,903/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,687/mo
incl. taxes & insurance
Income Needed
$147,480
gross annual (30% rule)
10% Down Option
$55,657
+ PMI applies
Loan Amount (20% dn)
$445,254
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 Lake Barrington, IL?
The median home value in Lake Barrington is $556,568 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.3% year-over-year.
How much have home prices changed in Lake Barrington?
Over the past year, home values in Lake Barrington have increased by 8.3%. Over five years, prices have risen approximately 33.8%.
How much do I need to earn to buy a home in Lake Barrington?
To comfortably afford the median home price of $556,568 with a 20% down payment ($111,314) at today's rates (6.8%), you'd need a gross annual income of approximately $147,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Barrington compare to the national average home price?
The national median home value is approximately $410,000. At $556,568, homes in Lake Barrington are 36% above the national average.
What metro area is Lake Barrington part of?
Lake Barrington is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.