Market Overview
Home Prices in Round Lake Beach, IL
The median home value in Round Lake Beach, IL is $260,609 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 6.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Round Lake Beach are priced36% below average. Round Lake Beach is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Round Lake Beach home values have risen by approximately40.4%, reflecting strong long-term appreciation in this market.
Price History
Round Lake Beach Home Price Trend
City Comparison
Round Lake Beach vs. National Median
At $260,609, homes in Round Lake Beach cost 36% below the national median of $410,000. This makes Round Lake Beach a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Round Lake Beach?
20% Down Payment
$52,122
on $260,609
Monthly P&I
$1,359/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,726/mo
incl. taxes & insurance
Income Needed
$69,040
gross annual (30% rule)
10% Down Option
$26,061
+ PMI applies
Loan Amount (20% dn)
$208,487
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 Round Lake Beach, IL?
The median home value in Round Lake Beach is $260,609 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 Round Lake Beach?
Over the past year, home values in Round Lake Beach have increased by 4.5%. Over five years, prices have risen approximately 40.4%.
How much do I need to earn to buy a home in Round Lake Beach?
To comfortably afford the median home price of $260,609 with a 20% down payment ($52,122) at today's rates (6.8%), you'd need a gross annual income of approximately $69,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Round Lake Beach compare to the national average home price?
The national median home value is approximately $410,000. At $260,609, homes in Round Lake Beach are 36% below the national average.
What metro area is Round Lake Beach part of?
Round Lake Beach is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.