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Round Lake

Round Lake

Located in Lake County

$343,968 Average Value
$172 Average Price per Sq Ft
31 Homes For Sale

The birthplace and centerpiece of the Round Lake Area

Round Lake is one of four villages in north-central Lake County, Illinois, highlighting Round Lake in its name. After its founding as an ice-cutting industry town near the southwest shore of its namesake lake in 1909, Round Lake’s leaders weren’t particularly aggressive about annexing additional land. As a result, neighboring communities Round Lake Park, Round Lake Beach and Round Lake Heights were all incorporated separately by the middle of the 20th century. So, while the communities are interconnected in many ways, including their library and school districts, they have separate municipal governments and distinctive identities. With just under 18,500 residents, the Village of Round Lake is the second-largest Round Lake Area community.

Round Lake is the perfect spot to enjoy the sun, go fishing or relax on the beach.
Round Lake is the perfect spot to enjoy the sun, go fishing or relax on the beach.
Living in Round Lake is an affordable option with average listing prices at $275,000.
Living in Round Lake is an affordable option with average listing prices at $275,000.
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Home values more affordable than Lake County median

With a median home value of around $280,000, Round Lake has the highest median home value of the Round Lake Area communities. That figure is well below the national median value and more than $75,000 below the Lake County median. Real estate agent Ivonne Payes of Payes Homes LLC credits a recent uptick in renovations with a rise in local home values. “People here care about their community and want to see it succeed,” Payes says. “Residents who grew up here have been reinvesting in the community in recent years by buying and renovating some of the more run-down homes in the area.”

A lakefront escape home, complete with boat dock, sits next to Round Lake.
A lakefront escape home, complete with boat dock, sits next to Round Lake.
Large yards, spacious garages and two-story houses are options in beautiful Round Lake.
Large yards, spacious garages and two-story houses are options in beautiful Round Lake.
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Round Lake High School serves all four Round Lake Area communities

Round Lake students attend Village Elementary School and Magee Middle School, both of which receive C-ratings on Niche. All Round Lake Area students attend Round Lake High School, which receives a B-minus rating. High school juniors and seniors can participate in the Business Incubator Program, where entrepreneurs mentor them to develop their own product or service.

College of Lake County, a two-year community college, is 5 miles away in Grayslake.

Village Elementary School offers students extra-curricular activities such as soccer & chorus.
Village Elementary School offers students extra-curricular activities such as soccer & chorus.
Round Lake High School scores a Niche grade of a B in college prep and clubs/activities.
Round Lake High School scores a Niche grade of a B in college prep and clubs/activities.
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Metra line connects to Chicago — and Round Lake's past

Location was crucial to the Village of Round Lake’s founding. The Milwaukee Road rail line, which connected Chicago to Janesville, Wisconsin, was built through the area in the 1890s. This allowed ice to be harvested from Round Lake and used to refrigerate the rail cars that Armour and Company used to transport meat across the country from the Chicago Stockyards. Advances in refrigeration made all that unnecessary, but today, the same rail line takes Metra commuters on a 90-minute trip to Chicago Union Station. Chicago O'Hare Airport is about 35 miles south of Round Lake, and Milwaukee Mitchell Airport is 50 miles to the northeast.
Pace Bus Route 570, which connects Fox Lake to the College of Lake County, has multiple stops in Round Lake.

Nippersink Forest Preserve, Chain O'Lakes provide outdoor recreation

Lake access in the Village of Round Lake is limited to private property along the lakefront. Public access is only available in Round Lake Beach and Round Lake Park. Nonetheless, Round Lake residents have ample opportunity to hit the water thanks to the nearby Chain O’Lakes, a system of 15 connected lakes encompassing 7,100 acres of water. Long Lake, just north of the Village of Round Lake, is the southernmost lake in The Chain.

Nippersink Forest Preserve is in the center of the community and is home to 329 acres of century-old oak woodlands, lakes and marshes. The forest preserve features 3 miles of trails, picnic shelters and fishing piers.

“Round Lake is a great place to raise a family,” Payes says. “People have room to enjoy nature with the lakes and natural areas.”

Indoor recreation is available at the Robert W. Rolek Community Center, which also serves as a senior center and child development center.

Nippersink Forest Preserve is home to 329 acres of century-old oak woodlands, lakes and marshes.
Nippersink Forest Preserve is home to 329 acres of century-old oak woodlands, lakes and marshes.
Nippersink Forest Preserve joins the public sidewalk, with access to surrounding communities.
Nippersink Forest Preserve joins the public sidewalk, with access to surrounding communities.
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Shopping and dining are largely located in neighboring towns

Shopping and dining are limited in Round Lake, with most nearby shops and restaurants located in neighboring Round Lake Beach and Fox Lake. However, there are some options available in Round Lake’s one-block downtown, including Twisted Burger and La Luz Bakery Panderia y Pasteleria.

Delicious food, from burgers to salads,  is available in the highly regarded Twisted Burger.
Delicious food, from burgers to salads, is available in the highly regarded Twisted Burger.
A variety of international products line the shelves of Lomeli's International Supermarket.
A variety of international products line the shelves of Lomeli's International Supermarket.
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Close to Lake County Fairgrounds

The village hosts a handful of annual events, including a summer concert series on the grounds of Rolek Community Center. In late July, the Round Lake Car Show brings dozens of classic cars to downtown Round Lake. The downtown Christmas tree is lit on the first Friday in December.

The Lake County Fairgrounds are about 5 miles southeast of Round Lake. The Fair is held annually in late July, and the Event Center hosts events throughout the year, including the Northern Illinois Boat Show.

Pleasant summers make up for frigid winters

As its ice-making history indicates, Round Lake can experience frigid winter conditions. Summers, on the other hand, are often pleasant, with an average daily temperature near 70 degrees between June and August.

Round Lake’s violent and property crime rates were around half of the national average in 2023.

Alex Hickey
Written By
Alex Hickey
Otto Rascon
Photography Contributed By
Otto Rascon
Charlie Lingner
Video By
Charlie Lingner

Interested in learning more about homes in this area? Reach out to Elizabeth Trevino Martinez, an experienced agent in this area.

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Parks in this Area

Round Lake Housing Trends

Housing Trends

Median List Price
$290,700
Median Sale Price
$290,000
Median Single Family Sale Price
$319,000
Median Townhouse Sale Price
$255,000
Median 2 Bedroom Sale Price
$185,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
235
Median Home Sale Price YoY Change
4%
Average Price Per Sq Ft
$172

Area Facts

Number of Homes
6,459
Number of Homes for Sale
31
Median Year Built
2002
Months of Supply
1.60
Average Single Family Home Size Sq Ft
2,345
Above the national average
1,929
Average Townhouse Size Sq Ft
1,546
Average 2 Bedroom Size Sq Ft
1,367
Average 1 Bedroom Size Sq Ft
944
Median Lot Size Sq Ft
10,454

Open Houses

  • Saturday, Nov 1
    Open Sat 11AM - 1PM

    505 N Fox Trail Unit 430503, Round Lake, IL 60073

    $275,000

    • 3 Beds
    • 2.5 Baths
    • 1,696 Sq Ft
    • 505 N Fox Trail
    • Unit 430503
    • New 2 days ago

    Welcome to 505 N Fox Trail - where comfort, style, and convenience come together in perfect harmony! This beautifully updated home in the heart of Round Lake offers approximately 1,696 square feet of thoughtfully designed living space, plus an unfinished basement ready to become your home gym, playroom, or dream entertainment area. Step inside and fall in love with the bright, open-concept floor

    Sheila Thomas RE/MAX Plaza

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  • Saturday, Nov 1
    Open Sat 1PM - 3PM

    345 W Asbury Dr, Round Lake, IL 60073

    $399,000

    • 5 Beds
    • 2.5 Baths
    • 2,769 Sq Ft
    • 345 W Asbury Dr
    • New 2 days ago

    Spacious 5 bedroom, 2.5 bath home in Madrona Village offering nearly 2,600 sq. ft. of living space. Main level includes a bright living room, formal dining room, family room, and large kitchen with breakfast area. Upstairs features 5 generously sized bedrooms, including a primary suite with private bath. Partial basement provides extra storage or potential living space. Enjoy a large backyard,

    Robert Los Century 21 Langos & Christian

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  • Saturday, Nov 1
    Open Sat 12PM - 2PM

    246 W Winding Trail Cir, Round Lake, IL 60073

    $449,900

    • 5 Beds
    • 2.5 Baths
    • 2,674 Sq Ft
    • 246 W Winding Trail Cir
    • New 3 days ago

    Beautiful 5-Bedroom Home with Modern Upgrades in Round Lake, IL 246 W. Winding Trail Circle | Round Lake, Illinois Welcome to your next home! Nestled in a peaceful neighborhood of Round Lake, this spacious 5-bedroom, 2.5-bath residence blends comfort, efficiency, and style. Designed for both family living and entertaining, the home offers a thoughtful layout, contemporary upgrades, and

    Brett Saunders Fulton Grace Realty

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Round Lake

Property Mix - Square Feet

Round Lake Has More Owners

Demographics

Total Population
17,455
Median Age
37
Population under 18
27.8%
On par with the national average
23.8%
Population over 65
12.2%
Below the national average
19.1%

Finances

Median Household Income
$86,506
Above the national average
$71,702
Average Household Income
$103,650

Education and Workforce

High School Graduates
88.4%
College Graduates
34.9%
Advanced Degrees
7.4%
Below the national average
13.3%
% Population in Labor Force
74.6%
Above the national average
65.1%

Weather

Annual Precipitation
34''
Average Winter Low Temperature
16°F
Average Summer High Temperature
81°F
Annual Snowfall
23''

Area Factors

Somewhat Bikeable

Bike Score®®

27 / 100

Car-Dependent

Walk Score®®

1 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Round Lake