Why Live in Lakeland Park
Lakeland Park in McHenry, IL, offers a tranquil lakeside living experience with a close-knit community feel. Located on the southern shore of McCullom Lake, the neighborhood features modest single-family homes, many with lakefront views and private water access. Home styles include bi-levels, ranch-style homes, and Cape Cods, with properties ranging from 1,000 square-foot single-story homes to larger waterfront homes on 1-acre lots. The area is characterized by mature pines and oaks lining the quiet streets. Schools serving Lakeland Park are highly rated, with Valley View Elementary School and McHenry High School both receiving commendable grades. Residents have access to various amenities, including grocery stores like Jewel-Osco and Angelo’s Fresh Market, and dining options such as The Village Squire. For recreation, Whispering Oaks Park offers a Prairie Trail access point, open fields, and ponds, while Peterson Park features baseball diamonds, a playground, and multi-use sports fields. The park also hosts McHenry Fiesta Days every summer, a long-standing local tradition. The neighborhood is safer than the national average, providing a low crime risk environment. Additionally, the McHenry Metra Station is conveniently located just a half-mile away, offering a 60-mile commute to downtown Chicago.
Frequently Asked Questions
Is Lakeland Park a good place to live?
Lakeland Park is a good place to live. Lakeland Park is considered car-dependent and somewhat bikeable. Lakeland Park is a suburban neighborhood. Lakeland Park has 6 parks for recreational activities. It is fairly sparse in population with 5.1 people per acre and a median age of 38. The average household income is $75,242 which is below the national average. College graduates make up 12.6% of residents. A majority of residents in Lakeland Park are home owners, with 21.4% of residents renting and 78.6% of residents owning their home. A
local real estate agent serving Lakeland Park can help you decide if this neighborhood is the right one for you. Learn more on our
Lakeland Park neighborhood guide.
How much do you need to make to afford a house in Lakeland Park?
The median home price in Lakeland Park is $265,000. If you put a 20% down payment of $53,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,350 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $58K a year to afford the median home price in Lakeland Park. The average household income in Lakeland Park is $75K.
What are the best public schools in Lakeland Park?
The best public schools that serve Lakeland Park are:
What are the best private schools in Lakeland Park?
The best private schools that serve Lakeland Park are:
What are the most popular zip codes in Lakeland Park, Mchenry, IL?
What are the most popular neighborhoods near Lakeland Park, Mchenry, IL?
Home Trends in Lakeland Park, IL
On average, homes in Lakeland Park, McHenry sell after 22 days on the market compared to the national average of 52 days. The median sale price for homes in Lakeland Park, McHenry over the last 12 months is $265,000, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$265,000
Median Single Family Sale Price
$263,750
Median Townhouse Sale Price
$305,000
Average Price Per Sq Ft
$221
Number of Homes for Sale
4
Last 12 months Home Sales
45
Median List Price
$265,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
8%