Market Overview
Home Prices in Round Lake Heights, IL
The median home value in Round Lake Heights, IL is $312,610 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and up 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Round Lake Heights are priced24% below average. Round Lake Heights is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Round Lake Heights home values have risen by approximately41.7%, reflecting strong long-term appreciation in this market.
Price History
Round Lake Heights Home Price Trend
City Comparison
Round Lake Heights vs. National Median
At $312,610, homes in Round Lake Heights cost 24% below the national median of $410,000. This makes Round Lake Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Round Lake Heights?
20% Down Payment
$62,522
on $312,610
Monthly P&I
$1,630/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,070/mo
incl. taxes & insurance
Income Needed
$82,800
gross annual (30% rule)
10% Down Option
$31,261
+ PMI applies
Loan Amount (20% dn)
$250,088
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 Heights, IL?
The median home value in Round Lake Heights is $312,610 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Round Lake Heights?
Over the past year, home values in Round Lake Heights have increased by 5.2%. Over five years, prices have risen approximately 41.7%.
How much do I need to earn to buy a home in Round Lake Heights?
To comfortably afford the median home price of $312,610 with a 20% down payment ($62,522) at today's rates (6.8%), you'd need a gross annual income of approximately $82,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Round Lake Heights compare to the national average home price?
The national median home value is approximately $410,000. At $312,610, homes in Round Lake Heights are 24% below the national average.
What metro area is Round Lake Heights part of?
Round Lake Heights is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.