Why Live in Tower Lake
Tower Lakes in Tower Lake, IL, is a nature-centric neighborhood featuring a mix of ranch-style, colonial, and split-level homes. Residents enjoy a lakeside lifestyle with a canopy of green trees and various outdoor activities. Tower Lake itself is a primary recreational attraction, offering boating, fishing, and swimming. The neighborhood is also close to the Fox River, less than two miles away, where locals can take their boats to the marina. Several parks and nature preserves, such as Murray Park, Hussissian Park, and Tower Lakes Fen Nature Preserve, provide ample opportunities for hiking, sports, and enjoying natural surroundings. The area is car-dependent with no public transportation and fewer sidewalks near the lake. Students attend highly rated schools, including North Barrington Elementary School, Barrington Middle School Station Campus, and Barrington High School. For dining, residents head to Barrington, where Region Kitchen and Bar and Neoteca are popular spots. Grocery shopping is convenient with Heinen's, Jewel-Osco, Walmart, and Costco nearby. The neighborhood also enjoys numerous festivals and parades in Barrington throughout the year.
Frequently Asked Questions
Is Tower Lake a good place to live?
Tower Lake is a good place to live. Tower Lake is considered very car-dependent and somewhat bikeable. Tower Lake is a suburban neighborhood. Tower Lake has 8 parks for recreational activities. It is sparse in population with 1.7 people per acre and a median age of 46. The average household income is $176,357 which is above the national average. College graduates make up 75.7% of residents. A majority of residents in Tower Lake are home owners, with 6.3% of residents renting and 93.7% of residents owning their home. A
local real estate agent serving Tower Lake can help you decide if this neighborhood is the right one for you. Learn more on our
Tower Lake neighborhood guide.
How much do you need to make to afford a house in Tower Lake?
The median home price in Tower Lake is $339,000. If you put a 20% down payment of $67,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,760 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $75K a year to afford the median home price in Tower Lake. The average household income in Tower Lake is $176K.
What are the best public schools in Tower Lake?
The best public schools that serve Tower Lake are:
What are the most popular zip codes in Tower Lake, Tower Lakes, IL?
What are the most popular neighborhoods near Tower Lake, Tower Lakes, IL?
Home Trends in Tower Lake, IL
On average, homes in Tower Lake, Tower Lakes sell after 66 days on the market compared to the national average of 70 days. The median sale price for homes in Tower Lake, Tower Lakes over the last 12 months is $315,000, up 47% from the median home sale price over the previous 12 months.
Median Sale Price
$315,000
Median 1 Bedroom Sale Price
$315,000
Average Price Per Sq Ft
$397
Number of Homes for Sale
0
Last 12 months Home Sales
1
Median List Price
$339,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
47%