Why Live in East Island Lake
East Island Lake, nestled along the McHenry and Lake County line, offers a tranquil lifestyle centered around its namesake man-made lake. The lake, with a 10-horsepower limit on boats, is ideal for leisurely activities such as canoeing and fishing, contributing to the area's relaxed atmosphere. The neighborhood features a diverse housing market, with homes ranging from 1940s craftsman and midcentury modern styles to contemporary homes from the 1990s onward. Multi-family options include townhomes from the 1990s. The community is dotted with lakeside parks like South Shore Beach and Channel Park, providing public beach access, playgrounds, and picnic areas. Converse Park, known for its castle-like structure, hosts events throughout the year. Dining and entertainment options are plentiful, with local favorites like Island Lake Café and El Norteño, and venues such as 3D Sideouts Sports Tavern and the McHenry Outdoor Theater. The neighborhood is served by Wauconda Community Unit School District 118, with Wauconda High School receiving high ratings. Safety is comparable to the national average, and essential services are shared with the neighboring village of Wauconda. East Island Lake is conveniently located 22 miles north of Elgin and 52 miles northwest of Chicago, with the Pingree Road Metra station 8 miles away for easy commuting.
Frequently Asked Questions
Is East Island Lake a good place to live?
East Island Lake is a good place to live. East Island Lake is considered very car-dependent and somewhat bikeable. East Island Lake is a suburban neighborhood. East Island Lake has 11 parks for recreational activities. It is sparse in population with 2.0 people per acre and a median age of 42. The average household income is $111,397 which is above the national average. College graduates make up 32.2% of residents. A majority of residents in East Island Lake are home owners, with 15% of residents renting and 85% of residents owning their home. A
local real estate agent serving East Island Lake can help you decide if this neighborhood is the right one for you. Learn more on our
East Island Lake neighborhood guide.
How much do you need to make to afford a house in East Island Lake?
The median home price in East Island Lake is $650,000. If you put a 20% down payment of $130,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,370 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $144K a year to afford the median home price in East Island Lake. The average household income in East Island Lake is $111K.
What are the best public schools in East Island Lake?
The best public schools that serve East Island Lake are:
What are the best private schools in East Island Lake?
The best private schools that serve East Island Lake are:
What are the most popular zip codes in East Island Lake, Island Lake, IL?
What are the most popular neighborhoods near East Island Lake, Island Lake, IL?
Are home prices dropping in East Island Lake?
Yes, home prices in East Island Lake are down 58% in the last 12 months.
Home Trends in East Island Lake, IL
On average, homes in East Island Lake, Island Lake sell after 34 days on the market compared to the national average of 70 days. The median sale price for homes in East Island Lake, Island Lake over the last 12 months is $323,000, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$323,000
Median Single Family Sale Price
$418,500
Median 1 Bedroom Sale Price
$699,000
Average Price Per Sq Ft
$225
Number of Homes for Sale
6
Last 12 months Home Sales
25
Median List Price
$650,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
7%