Tower Lakes, IL housing market
The typical Tower Lakes home is worth about $663,000, up 8% in a year, 123% above the Illinois typical home.
Home values, sales, trends and how Tower Lakes compares with the towns next door — updated as new data is published.
Tower Lakes at a glance
Only 1 sale 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 | Tower Lakes | Illinois |
|---|---|---|
| 2017 | $456,000 | $181,000 |
| 2018 | $445,000 | $190,000 |
| 2019 | $444,000 | $195,000 |
| 2020 | $434,000 | $200,000 |
| 2021 | $458,000 | $215,000 |
| 2022 | $520,000 | $236,000 |
| 2023 | $557,000 | $248,000 |
| 2024 | $578,000 | $263,000 |
| 2025 | $602,000 | $278,000 |
| 2026 | $640,000 | $290,000 |
| August 2026 | $663,000 | $298,000 |
No new homes permitted in 2025
No permits for new homes were issued in Tower Lakes in 2025. The last year with any was 2004 (2 new homes).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 2 | 2 | 0 | $650,000 |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 2 | 2 | 0 | $693,000 |
| 2001 | 1 | 1 | 0 | $250,000 |
| 2000 | 2 | 2 | 0 | $475,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Tower Lakes and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Tower Lakes | $663K | +8% | — | $154,167 |
| Lake Barrington | $558K | +8% | 52 | $141,958 |
4.3 years of income
The typical Tower Lakes home costs about 4.3 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. New homes: U.S. Census Bureau, Building Permits Survey. Listings link to their publishers.