Why Live in Lake Villa
Lake Villa, situated between Cedar Lake and Deep Lake, is a tranquil lake town in Chicagoland’s Chain O’Lakes. The community features a quaint downtown area and offers a variety of outdoor activities, including swimming, fishing, and boating. Lehmann Park provides access to Cedar Lake with beaches and boat launches, while Deep Lake offers similar amenities. Sun Lake Forest Preserve, with its 3.25 miles of trails, is ideal for hiking, biking, and cross-country skiing, though its shoreline is not suitable for swimming or boating. The neighborhood is known for its mix of historic homes and modern residences, including New Traditional homes and townhouses in the Painted Lakes subdivision. Custom builds, modest bungalows, and ranches are common, many within walking distance of the lakes. Lake Villa hosts several community events, such as the Live Music in the Parks concert series and the Celebration of Fall. Dining options include Reflections on Deep Lake, known for its Polish cuisine, and Timothy O’Toole’s Pub in downtown Lake Villa. While the town lacks major grocery stores, residents can shop at nearby Venetian Village or Gurnee Mills, 7.5 miles away. The area is served by highly rated schools, including Olive C. Martin Elementary School, Peter J. Palombi Middle School, and Lakes Community High School. Safety in Lake Villa is comparable to the national average. Commuters can reach downtown Chicago or Milwaukee, both 52 miles away, via I-94 or the Metra. Chicago O’Hare International Airport is 40 miles from Lake Villa.
Frequently Asked Questions
Is Lake Villa a good place to live?
Lake Villa is a good place to live. Lake Villa is considered very car-dependent and somewhat bikeable. Lake Villa has 8 parks for recreational activities. It is sparse in population with 0.9 people per acre and a median age of 42. The average household income is $89,899 which is below the national average. College graduates make up 43.6% of residents. A majority of residents in Lake Villa are home owners, with 43.5% of residents renting and 56.5% of residents owning their home. A
local real estate agent serving Lake Villa can help you decide if this neighborhood is the right one for you. Learn more on our
Lake Villa neighborhood guide.
Is Lake Villa, IL a safe neighborhood?
Lake Villa, IL is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Lake Villa?
The median home price in Lake Villa is $409,900. If you put a 20% down payment of $82,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $2,130 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $91K a year to afford the median home price in Lake Villa. The average household income in Lake Villa is $90K.
What are the best public schools in Lake Villa?
The best public schools that serve Lake Villa are:
What are the most popular zip codes in Lake Villa, Lake Villa, IL?
What are the most popular neighborhoods near Lake Villa, Lake Villa, IL?
Home Trends in Lake Villa, IL
On average, homes in Lake Villa, IL sell after 23 days on the market compared to the national average of 51 days. The median sale price for homes in Lake Villa, IL over the last 12 months is $392,500, up 17% from the median home sale price over the previous 12 months.
Median Sale Price
$392,500
Median Single Family Sale Price
$392,500
Median Townhouse Sale Price
$235,000
Average Price Per Sq Ft
$187
Number of Homes for Sale
5
Last 12 months Home Sales
30
Median List Price
$409,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
17%