Island Lake Illinois Real Estate
Island Lake, Illinois, is located in Lake County, 14 miles NW of Palatine, Illinois and 39 miles NW of Chicago, Illinois. Island Lake has a population of 8,153.
Island Lake Homes
Island Lake properties pool is 2,827 residential properties including Island Lake new homes. Median age of real estate in Island Lake is 1988. Average Household size is 3.31 people. 2% are one bedroom homes, 20% are 2 bedroom homes, 61% are 3 bedroom homes, 15% are 4 bedroom homes, and 2% are 5+ bedroom homes.
Island Lake Mortgage Statistics
Island Lake mortgages vs. USA median statistics
| Homes |
Island Lake |
USA |
| Homes With No Mortgage |
11% |
30% |
| Homes With Mortgage |
89% |
70% |
| First Mortgage Only |
67% |
54% |
| First & Second Mortgage or HELOC |
21% |
16% |
Island Lake Area Real Estate Tax
Island Lake Real estate Tax: Median Real Estate Taxes (2000) were $2,945 comparing to 1999 Median Family income $ 67,500. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Island Lake School District: Children make up 32% of Island Lake population. Island Lake has 2,611 under 18 years old residents, or 0.62 kids per one worker, or 0.92 kids per one household.
Island Lake Real Estate & Island Lake Homeownership
There are 537.13 or 19% one person households, 735.02 or 26% two person households, and 537.13 or 19% three person households in Island Lake, Illinois. Median residents age is 32.2, Senior citizens (65+) make up 361 or 4.4%% of Island Lake population.
There are 4,230 workers (over 16 years of age) in Island Lake. Of these, 93.69% drive to work. Approximately 0.95% of workers in Island Lake take public transportation. An estimated 0.52% walk to work.
Median Island Lake homeowner's housing expences are 23.1%
Crime in Island Lake (2003), crimes per 10,000 residents per year
| Type of Crime |
Island Lake |
USA, 2003 |
| Violent Crimes |
NaN |
47.5 |
| Robberies |
NaN |
14.2 |
| Aggravated Assaults |
NaN |
29.5 |
| Property Crimes |
NaN |
358.8 |
| Burglaries |
NaN |
74.0 |
| Larceny-Thefts |
NaN |
241.5 |
| Motor Vehicle Thefts |
NaN |
43.3 |
Invest in Island Lake Properties
When making a decision about buying real estate in Island Lake Illinois area, you should consider following statistical data:
| Category |
Island Lake |
USA |
| Near Medium City |
Palatine, Illinois |
- |
| Near Large City |
Chicago, Illinois |
- |
| Island Lake Zip Codes |
60042 |
- |
| Island Lake Area Codes |
847 |
- |
| White population |
93.79% |
75.1% |
| African-American population |
0.49% |
12.3% |
| Asian |
1.62% |
3.6% |
| American Indian & Alaskan |
0.16% |
0.9% |
| Hispanic (of any race) |
8.33% |
12.5% |
| Median Family Income (1999) |
$ 67,500% |
$42,000 |
| Population Below Poverty Level |
2.61% |
12.4% |
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