House Prices

House Prices & Home Values Lake Forest, IL 2026


Average Data

average house price$1,122,849
average size per house3940 ft²
average price per ft²286 $ / ft²

04/17/2026 - The value range (VR) for house prices in Lake Forest, IL is $311/ sqft to $311/ sqft. An average home with 3940 sqft costs approximately $1,225,340 to $1,225,340. Lake Forest, IL includes 1 ZIP codes and it is located in Lake county. The lowest prices are found in ZIP 60045, while the highest are in ZIP 60045. The average price per sqare feet is $286. Our analysis is based on 16 property listings.

Avergage prices by ZIP codes Lake Forest

60045298 $ / ft²




Historical development of home values in Lake Forest

Year Estimated value (USD) Change vs. 2025
2010 $521,471 -53.6%
2011 $501,306 -55.4%
2012 $499,956 -55.5%
2013 $518,643 -53.8%
2014 $544,433 -51.5%
2015 $572,375 -49.0%
2016 $602,245 -46.4%
2017 $634,751 -43.5%
2018 $669,843 -40.3%
2019 $700,903 -37.6%
2020 $737,136 -34.4%
2021 $838,413 -25.3%
2022 $977,401 -13.0%
2023 $1,030,715 -8.2%
2024 $1,090,343 -2.9%
2025 $1,122,849 0.0%

Graph: estimated home values in Lake Forest over time (USD)



Example: 100% financing house in Lake Forest

Loan amount: $1,122,849

Interest rate: 6.00%

Fixed monthly payment: $6,732.05

Breakdown in the 1st month:
Interest portion: $5,614.25  –  Principal portion: $1,117.80

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $66,995.85 $13,788.72 $1,109,060.28
2 $66,145.39 $14,639.18 $1,094,421.11
3 $65,242.48 $15,542.09 $1,078,879.02
4 $64,283.88 $16,500.69 $1,062,378.33
5 $63,266.15 $17,518.42 $1,044,859.92
6 $62,185.65 $18,598.91 $1,026,261.00
7 $61,038.51 $19,746.05 $1,006,514.95
8 $59,820.62 $20,963.95 $985,551.00
9 $58,527.61 $22,256.96 $963,294.04
10 $57,154.85 $23,629.72 $939,664.33
11 $55,697.42 $25,087.15 $914,577.18
12 $54,150.10 $26,634.47 $887,942.71
13 $52,507.34 $28,277.22 $859,665.49
14 $50,763.26 $30,021.30 $829,644.19
15 $48,911.62 $31,872.95 $797,771.24
16 $46,945.76 $33,838.80 $763,932.44
17 $44,858.66 $35,925.91 $728,006.53
18 $42,642.83 $38,141.74 $689,864.80
19 $40,290.33 $40,494.24 $649,370.56
20 $37,792.73 $42,991.83 $606,378.73
21 $35,141.09 $45,643.47 $560,735.25
22 $32,325.90 $48,458.66 $512,276.59
23 $29,337.08 $51,447.49 $460,829.10
24 $26,163.91 $54,620.66 $406,208.45
25 $22,795.03 $57,989.54 $348,218.91
26 $19,218.36 $61,566.21 $286,652.70
27 $15,421.09 $65,363.48 $221,289.23
28 $11,389.61 $69,394.95 $151,894.28
29 $7,109.48 $73,675.08 $78,219.20
30 $2,565.37 $78,219.20 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Lake Forest, IL


1500 sqft3900 sqft
Ø selling price$519,091$1,104,246
Ø fast selling$471,901$993,822
Ø high price sale$566,280$1,214,671

In 2026, houses in Lake Forest, IL will be offered at an average price of $286 per square foot. A 1,500 sqft home priced at $519,091 is 22.03% more expensive per square foot than a 3,900 sqft home priced at $1,104,246. Home prices in Lake Forest, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $764,479. Sellers who can wait longer may achieve a higher price of up to $934,363.

FAQ – Home Values in Lake Forest

What is the median home value in Lake Forest in 2026?

In 2026, the typical home value in Lake Forest is about $1,122,849 for an average home size of 3940 square feet. This corresponds to an average price of roughly $286 per square foot.

What is the average cost per square foot in Lake Forest?

In 2026, homes in Lake Forest sell for an average of around $286 per square foot, with a typical range between $311 and $311 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Lake Forest is about 3940 square feet, with an estimated 2026 value around $1,122,849.



Locations close to Lake Forest, IL

Lake Villa, IL127 $ / ft²
Lake Zurich, IL188 $ / ft²
Libertyville, IL193 $ / ft²
Lake Bluff, IL256 $ / ft²
Kenilworth, IL452 $ / ft²
Island Lake, IL122 $ / ft²
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