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Third Lake Housing Market Report

September 2026 • Updated daily from MLS data

$531,200
Average Price
4
Active Listings
23
Avg Days on Market
$279
Avg Price/Sqft
0
New This Week

Inventory by Property Type

Active listings in Third Lake broken down by property type

4
Single Family
View listings
0
Condo
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0
Townhouse
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0
Multifamily
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Price Distribution

How Third Lake home prices are distributed across price ranges

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

Listings by Bedrooms

Bedroom count breakdown for active listings in Third Lake

0
1 Bed
0
2 Bed
3
3 Bed
1
4 Bed
0
5+ Bed

Demographics & Community

Census data for Third Lake, Illinois

1,214
Population
$152,593
Median Household Income
50.3
Median Age
$318,400
Census Median Home Value

Housing Occupancy

Total Housing Units470
Owner-Occupied457 (99.3%)
Renter-Occupied3 (0.7%)
Vacant Units10

Commute & Education

Median Commute522 min
Work From Home8.6%
Public Transit0.7%
Bachelor's Degree+49.3%
High School Diploma+0.7%

Affordability & Housing Costs

HUD data for the Third Lake 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

School Districts

School districts serving Third Lake properties

46
50

Featured Listings in Third Lake

Top properties currently on the market

317 Mainsail
$795,000
3
3
2,333 sqft
317 Mainsail
Third Lake, IL
44 Lake
$410,000
3
2
1,423 sqft
44 Lake
Third Lake, IL
4 Mainsail
$519,900
4
3
2,474 sqft
4 Mainsail
Third Lake, IL
323 Seafarer
$399,900
3
2
1,394 sqft
323 Seafarer
Third Lake, IL
View All Third Lake Properties

Save $13,536 on the Average Third Lake Home

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