Long Lake, IL housing market
The typical Long Lake home is worth about $263,000, up 5.6% in a year, 12% below the Illinois typical home. Homes typically sell in 39 days, a little above asking.
Home values, sales, trends and how Long Lake compares with the towns next door — updated as new data is published.
Long Lake at a glance
A seller's market
Supply is tight — about 2 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Long Lake | Illinois |
|---|---|---|
| 2017 | $142,000 | $181,000 |
| 2018 | $154,000 | $190,000 |
| 2019 | $158,000 | $195,000 |
| 2020 | $162,000 | $200,000 |
| 2021 | $182,000 | $215,000 |
| 2022 | $201,000 | $236,000 |
| 2023 | $211,000 | $248,000 |
| 2024 | $229,000 | $263,000 |
| 2025 | $248,000 | $278,000 |
| 2026 | $254,000 | $290,000 |
| August 2026 | $263,000 | $298,000 |
Long Lake and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Long Lake | $263K | +5.6% | $1,500 | — | $104,621 |
| Round Lake Beach | $260K | +5.2% | $1,920 | 1 | $86,059 |
| Round Lake Heights | $311K | +5.1% | $1,910 | 0 | $78,986 |
| Round Lake | $331K | +4.2% | $1,910 | 2 | $111,977 |
| Avon | — | +7.3%† | $1,950 | — | $97,925 |
† FHFA price index change, where Zillow has no home value for the town.
2.5 years of income
The typical Long Lake home costs about 2.5 years of the town's median household income, less than across Illinois (3.6 years).
How Long Lake ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,500
HUD's Fair Market Rent for a two-bedroom in Long Lake is $1,500 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Long Lake pay a median of $1,530. A two-bedroom takes about 17% of the town's median household income.
Studio $1,250 · 4 bedrooms $2,230
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (60041, 60073; Chicago-Joliet-Naperville, IL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.