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Lake Forest Housing Market Report

August 2026 • Updated daily from MLS data

$2,279,039
Average Price
71
Active Listings
34
Avg Days on Market
$460
Avg Price/Sqft
0
New This Week

Inventory by Property Type

Active listings in Lake Forest broken down by property type

61
Single Family
View listings
7
Condo
View listings
2
Townhouse
View listings
0
Multifamily
View listings

Price Distribution

How Lake Forest home prices are distributed across price ranges

Under $100K
0
$100K–$200K
0
$200K–$300K
2
2
$300K–$500K
2
2
$500K–$750K
4
4
$750K–$1M
7
7
$1M+
55
55

Listings by Bedrooms

Bedroom count breakdown for active listings in Lake Forest

2
1 Bed
6
2 Bed
11
3 Bed
23
4 Bed
29
5+ Bed

Demographics & Community

Census data for Lake Forest, Illinois

19,436
Population
$202,153
Median Household Income
44.9
Median Age
$894,400
Census Median Home Value

Housing Occupancy

Total Housing Units7,413
Owner-Occupied6,064 (87.1%)
Renter-Occupied895 (12.9%)
Vacant Units454
Median Rent$1,948/mo

Commute & Education

Median Commute6409 min
Work From Home11.4%
Public Transit6.3%
Bachelor's Degree+53.3%
High School Diploma+0.0%

Affordability & Housing Costs

HUD data for the Lake Forest area

Fair Market Rent (2024)

Studio$1,399/mo
1 Bedroom$1,507/mo
2 Bedroom$1,714/mo
3 Bedroom$2,182/mo
4 Bedroom$2,583/mo

Income Limits (2024)

Median Family Income$112,100
Low Income (4-person)$89,700
Very Low Income (4-person)$56,050
Extremely Low (4-person)$33,650

Safety & Crime Statistics

Crime data for Lake Forest (2024)

4
Violent Crimes
122
Property Crimes
40
Burglaries
11
Vehicle Thefts

Building Permit Activity

IvyGro tracks 5,821 building permits issued by City of Lake Forest, with records dating back to 2015. In the last 12 months, 382 permits were issued, down 25% from the year before. Every Lake Forest listing on IvyGro shows the full permit history for that address: roofs, remodels, additions, and more.

5,821
Permits on Record
382
Issued Last 12 Months
$52,340
Median Project Value (12 mo)
$144,581,304
Total Construction Value (12 mo)

Most Common Projects (Last 5 Years)

Res - Alteration1,014
Res - Hardscape & Landscape549
Com - Alteration324
Res - Addition236
Res - New Single Family108
Res - Pool and/or Spa96

Permits Issued by Year

2016
168
2017
604
2018
549
2019
481
2020
437
2021
519
2022
537
2023
487
2024
487
2025
527
2026
166

See the full Lake Forest permit report or browse Lake Forest listings to see the permit history for any home.

School Districts

School districts serving Lake Forest properties

67
72
103

Featured Listings in Lake Forest

Top properties currently on the market

727 McKinley
$3,950,000
3
5
4,600 sqft
727 McKinley
Lake Forest, IL
411 Illinois
$1,199,000
4
4
2,565 sqft
411 Illinois
Lake Forest, IL
135 Basswood
$1,699,000
4
5
3,843 sqft
135 Basswood
Lake Forest, IL
1541 Heritage
$1,749,000
5
5
5,954 sqft
1541 Heritage
Lake Forest, IL
610 Ridge
$2,790,000
6
6
7,683 sqft
610 Ridge
Lake Forest, IL
1350 Western
$449,000
2
2
1,480 sqft
1350 Western
Lake Forest, IL
View All Lake Forest Properties

Save $65,971 on the Average Lake Forest Home

Traditional agents charge 3% commission ($68,371). With IvyGro, our broker keeps just $2,400 (negotiable at closing) and you keep the rest as your rebate.

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