Market Overview
Home Prices in Lakemoor, IL
The median home value in Lakemoor, IL is $295,188 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lakemoor are priced28% below average. Lakemoor is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Lakemoor home values have risen by approximately34.1%, reflecting strong long-term appreciation in this market.
Price History
Lakemoor Home Price Trend
City Comparison
Lakemoor vs. National Median
At $295,188, homes in Lakemoor cost 28% below the national median of $410,000. This makes Lakemoor a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lakemoor?
20% Down Payment
$59,038
on $295,188
Monthly P&I
$1,540/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,956/mo
incl. taxes & insurance
Income Needed
$78,240
gross annual (30% rule)
10% Down Option
$29,519
+ PMI applies
Loan Amount (20% dn)
$236,150
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 Lakemoor, IL?
The median home value in Lakemoor is $295,188 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Lakemoor?
Over the past year, home values in Lakemoor have increased by 2.5%. Over five years, prices have risen approximately 34.1%.
How much do I need to earn to buy a home in Lakemoor?
To comfortably afford the median home price of $295,188 with a 20% down payment ($59,038) at today's rates (6.8%), you'd need a gross annual income of approximately $78,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Lakemoor compare to the national average home price?
The national median home value is approximately $410,000. At $295,188, homes in Lakemoor are 28% below the national average.
What metro area is Lakemoor part of?
Lakemoor is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.