Why Live in Petite Lake
Petite Lake in Lake Villa, located within the Chain O’ Lakes area of northern Illinois, is about an hour from downtown Chicago. This neighborhood is known for its vibrant lake activities, especially around the sandbar where boaters gather, grill, and socialize during warm weather. Homes in Petite Lake range from ranch-style and Cape Cod to Colonial Revival, with sizes between 1,000 and 2,200 square feet. Properties not directly on the lake are within walking distance, while lakefront homes offer expansive views and larger lots. The area is safer than the national average, with a crime score below the national benchmark. Residents enjoy a variety of recreational activities year-round, from boating and fishing to ice fishing and snowmobiling in winter. Cypress Resort and Marine offers cottages and the largest beach on the chain, which is dog-friendly. For dining, Max & Boyd’s Hideout and Sandbar Bar & Grille provide local flavors, while Hop and Hen offers unique products and classes. Antioch Community High School, rated highly, serves the area with a focus on college and career readiness. The neighborhood is a mix of primary and secondary residences, with convenient access to public transportation via the nearby Antioch Metra station, making it feasible for commuters to reach downtown Chicago.
Frequently Asked Questions
Is Petite Lake a good place to live?
Petite Lake is a good place to live. Petite Lake is considered very car-dependent and somewhat bikeable. Petite Lake is a suburban neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Petite Lake has 7 parks for recreational activities. It is sparse in population with 1.9 people per acre and a median age of 47. The average household income is $100,444 which is above the national average. College graduates make up 28.4% of residents. A majority of residents in Petite Lake are home owners, with 15.6% of residents renting and 84.4% of residents owning their home. A
local real estate agent serving Petite Lake can help you decide if this neighborhood is the right one for you. Learn more on our
Petite Lake neighborhood guide.
Is Petite Lake, IL a safe neighborhood?
Petite Lake, IL is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Petite Lake?
The median home price in Petite Lake is $215,000. If you put a 20% down payment of $43,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,110 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $48K a year to afford the median home price in Petite Lake. The average household income in Petite Lake is $100K.
What are the best public schools in Petite Lake?
The best public schools that serve Petite Lake are:
What are the most popular zip codes in Petite Lake, Lake Villa, IL?
What are the most popular neighborhoods near Petite Lake, Lake Villa, IL?
Are home prices dropping in Petite Lake?
Yes, home prices in Petite Lake are down 71% in the last 12 months.
Home Trends in Petite Lake, IL
On average, homes in Petite Lake, Lake Villa sell after 132 days on the market compared to the national average of 70 days. The median sale price for homes in Petite Lake, Lake Villa over the last 12 months is $110,000, down 86% from the median home sale price over the previous 12 months.
Median Sale Price
$110,000
Median Single Family Sale Price
$215,000
Median 1 Bedroom Sale Price
$820,000
Average Price Per Sq Ft
$234
Number of Homes for Sale
3
Last 12 months Home Sales
10
Median List Price
$215,000
Median Change From 1st List Price
15%
Median Home Sale Price YoY Change
-86%