The median home in Round Lake, Illinois is valued at $312,333, up 4.7% year over year. Typical monthly rent is $2,545, producing a price-to-rent ratio of 10.2x — below the national average of 18x. Round Lake is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$312,333

+4.7%

Rent$2,545/mo

AFFORDABILITY

Enter your income for Round Lake.

Income (annual)

Down Payment

$62,467 on $312,333

Out of reach — 37% of income

Need $99,000/yr to afford.

PITI$2,310

P/I37%

Afford$237K

Gap-$76K

P&I $1,579Tax $580Ins $150

Buying $235/mo cheaper ($2,545 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Round Lake with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

ROUND LAKE, IL