Forest Lake, IL housing market
The typical Forest Lake home is worth about $477,000, up 6.7% in a year, 60% above the Illinois typical home.
Home values, sales, trends and how Forest Lake compares with the towns next door — updated as new data is published.
Forest Lake at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Forest Lake | Illinois |
|---|---|---|
| 2017 | $312,000 | $181,000 |
| 2018 | $324,000 | $190,000 |
| 2019 | $320,000 | $195,000 |
| 2020 | $314,000 | $200,000 |
| 2021 | $333,000 | $215,000 |
| 2022 | $369,000 | $236,000 |
| 2023 | $390,000 | $248,000 |
| 2024 | $412,000 | $263,000 |
| 2025 | $437,000 | $278,000 |
| 2026 | $460,000 | $290,000 |
| August 2026 | $477,000 | $298,000 |
Forest Lake and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Forest Lake | $477K | +6.7% | — | $96,250 |
| Hawthorn Woods | $762K | +6.3% | 60 | $219,631 |
| Kildeer | $874K | +3.9% | 54 | $250,001 |
5 years of income
The typical Forest Lake home costs about 5 years of the town's median household income, more than across Illinois (3.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.