Lake Forest IL Multi Family for Sale

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Lake Forest Real Estate

The median home value in Lake Forest, IL is $1,040,500. This is higher than the county median home value of $296,900. The national median home value is $338,100. The average price of homes sold in Lake Forest, IL is $1,040,500. Approximately 79.37% of Lake Forest homes are owned, compared to 12.18% rented, while 8.46% are vacant. Lake Forest real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lake Forest real estate agent to arrange a tour today!

Lake Forest, Illinois has a population of 19,450. Lake Forest is less family-centric than the surrounding county with 34.87% of the households containing married families with children. The county average for households married with children is 36.27%.

The median household income in Lake Forest, Illinois is $194,267. The median household income for the surrounding county is $97,127 compared to the national median of $69,021. The median age of people living in Lake Forest is 46.4 years.

Lake Forest Weather

The average high temperature in July is 82.4 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 35.4 inches per year, with 38 inches of snow per year.

Lake Forest Real Estate Market Conditions

  • Median sales price

    $1,040,500
    14.5% change since last quarter
  • # Active listings

    136
    30-day change

Lake Forest Schools and Demographics

Education near Lake Forest, IL

Metric City County
High School Graduates 99.1 90.81
College Degree - 2 year 3.03 6.49
College Degree - 4 year 80.98 46.32
Graduate Degree 25.38 14.09
Expenditures per Student 24,440 24,440
Students per Teacher 13.6 13.6

Elementary Schools near Lake Forest, IL

School Grades Students P/T Ratio ZIP
Bannockburn School KG - 08 188 9.8 60015
Cherokee Elementary School KG - 04 328 11.3 60045
Everett Elementary School KG - 04 311 12.2 60045
Half Day School 03 - 04 344 12.6 60069
Kipling Elementary School KG - 05 488 14.1 60015
Lake Bluff Elementary School KG - 05 550 12.4 60044
Laura B Sprague School PK - 02 516 12.4 60069
Oak Terrace Elementary School KG - 05 545 11.9 60040
Rondout Elementary School KG - 08 144 8.4 60045
Sheridan Elementary School KG - 04 246 10.4 60045
South Park Elementary School PK - 05 462 11.7 60015
Walden Elementary School KG - 05 439 13.4 60015
Wilmot Elementary School KG - 05 534 14 60015

Middle Schools near Lake Forest, IL

School Grades Students P/T Ratio ZIP
Alan B Shepard Middle School 06 - 08 536 11.5 60015
Charles J Caruso Middle School 06 - 08 556 9.9 60015
Daniel Wright Junior High School 05 - 08 785 12.6 60069
Deer Path Middle School East 05 - 06 458 11.6 60045
Deer Path Middle School West 07 - 08 522 12.8 60045
Lake Bluff Middle School 06 - 08 307 9.9 60044

High Schools near Lake Forest, IL

School Grades Students P/T Ratio ZIP
Adlai E Stevenson High School 09 - 12 3,839 14.1 60069
Deerfield High School 09 - 12 1,606 14 60015
Lake Forest High School 09 - 12 1,674 13.9 60045

Demographics near Lake Forest, IL

Metric City County
Neighborhood Type Suburban
Population 19,450 714,484
Population Density 1,131 1,609
Median Age 46.4 38.5
People per Household 2.6 2.8
Median Household Income 194,267 97,127
Average Income per Capita 99,558 49,440