Why Live in Greenlake
Greenlake, located on the eastern outskirts of Decatur, offers a serene lakeside lifestyle with direct access to Basin 1 of Lake Decatur. This quiet community is known for its waterside properties and inland homes near a public dock, providing residents with ample opportunities for boating and fishing. Sportsmans Park features a public boat launch and the Schaub Floral Display Center, while Ivy Hill Park offers scenic views and picnic spots. The neighborhood is primarily residential, with ranch and bi-level homes, as well as some Cape Cods and condos. Greenlake is connected to Downtown Decatur and other areas via East Lost Bridge Road and Illinois State Route 121, both under 2 miles away. Retail options are conveniently located 2 miles northeast along Route 121, featuring a Walmart Supercenter, Kroger, and Aldi, alongside chain restaurants and an AMC Classic movie theater. For more local dining, Mount Zion's restaurants are within a 10-minute drive. The neighborhood's schools are part of either the Decatur Public School District or Mount Zion School District, with Mt. Zion Intermediate School being highly rated. Greenlake's crime rate is comparable to the national average, offering a balanced living environment.
Frequently Asked Questions
Is Greenlake a good place to live?
Greenlake is a good place to live. Greenlake is considered very car-dependent and somewhat bikeable. Greenlake is a suburban neighborhood. Greenlake has 8 parks for recreational activities. It has a median age of 51. The average household income is $84,894 which is below the national average. College graduates make up 29.6% of residents. A majority of residents in Greenlake are home owners, with 8.9% of residents renting and 91.1% of residents owning their home. A
local real estate agent serving Greenlake can help you decide if this neighborhood is the right one for you. Learn more on our
Greenlake neighborhood guide.
How much do you need to make to afford a house in Greenlake?
The median home price in Greenlake is $189,900. If you put a 20% down payment of $38,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $950 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $41K a year to afford the median home price in Greenlake. The average household income in Greenlake is $85K.
What are the best public schools in Greenlake?
The best public schools that serve Greenlake are:
What are the most popular zip codes in Greenlake, Decatur, IL?
What are the most popular neighborhoods near Greenlake, Decatur, IL?
Home Trends in Greenlake, IL
On average, homes in Greenlake, Decatur sell after 22 days on the market compared to the national average of 52 days. The median sale price for homes in Greenlake, Decatur over the last 12 months is $177,500, up 12% from the median home sale price over the previous 12 months.
Median Sale Price
$177,500
Median Single Family Sale Price
$188,250
Average Price Per Sq Ft
$93
Number of Homes for Sale
2
Last 12 months Home Sales
25
Median List Price
$189,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
12%