Why Live in Twin Lakes
Twin Lakes in Palatine, Illinois, is a neighborhood known for its natural beauty and recreational opportunities, anchored by Lake Irene and Lake Doughnut. The Twin Lakes Golf Course and Recreation Area is a central attraction, offering nine holes of golf, paddleboat rentals, fishing, and a variety of other outdoor activities. Housing options in Twin Lakes include condominium complexes, townhouses, and single-family homes, with ranches and split-levels featuring prominently. The Willow Creek subdivision offers amenities such as a pool and clubhouse, providing a convenient lock-and-leave lifestyle for residents. Families in Twin Lakes benefit from highly rated schools, including Winston Campus Elementary, which offers a bilingual immersion program, and Palatine High School, recognized for academic excellence. The neighborhood is safer than the national average, adding to its appeal for families. Commuting is convenient with Route 53 and Palatine Road nearby, and the Metra commuter rail system provides easy access to Downtown Chicago, less than a 40-minute drive away. Local dining options include Napoli Pizza, known for its Chicago-style deep-dish pizza and authentic Italian cuisine. Residents also enjoy proximity to grocery stores like Jewel-Osco and Mariano’s. Twin Lakes offers a small-town feel with the amenities of a larger city, making it a desirable place to live.
Frequently Asked Questions
Is Twin Lakes a good place to live?
Twin Lakes is a good place to live. Twin Lakes is considered very car-dependent and somewhat bikeable. Twin Lakes is a suburban neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Twin Lakes has 7 parks for recreational activities. It is somewhat dense in population with 6.8 people per acre and a median age of 57. The average household income is $79,981 which is below the national average. College graduates make up 49.7% of residents. A majority of residents in Twin Lakes are home owners, with 22.4% of residents renting and 77.6% of residents owning their home. A
local real estate agent serving Twin Lakes can help you decide if this neighborhood is the right one for you. Learn more on our
Twin Lakes neighborhood guide.
Is Twin Lakes, IL a safe neighborhood?
Twin Lakes, 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 Twin Lakes?
The median home price in Twin Lakes is $160,000. If you put a 20% down payment of $32,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $830 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $36K a year to afford the median home price in Twin Lakes. The average household income in Twin Lakes is $80K.
What are the best public schools in Twin Lakes?
The best public schools that serve Twin Lakes are:
What are the best private schools in Twin Lakes?
The best private schools that serve Twin Lakes are:
What are the most popular zip codes in Twin Lakes, Palatine, IL?
What are the most popular neighborhoods near Twin Lakes, Palatine, IL?
Are home prices dropping in Twin Lakes?
Yes, home prices in Twin Lakes are down 45% in the last 12 months.
Home Trends in Twin Lakes, IL
On average, homes in Twin Lakes, Palatine sell after 61 days on the market compared to the national average of 70 days. The median sale price for homes in Twin Lakes, Palatine over the last 12 months is $115,000, down 58% from the median home sale price over the previous 12 months.
Median Sale Price
$115,000
Median Single Family Sale Price
$115,000
Average Price Per Sq Ft
$93
Number of Homes for Sale
0
Last 12 months Home Sales
5
Median List Price
$160,000
Median Change From 1st List Price
28%
Median Home Sale Price YoY Change
-58%