Lake Zurich, Illinois is a medium-sized, family-centric village in the state of Illinois with a population of just under 20,000 and close to 50% of households comprising married families and children. The village is the 123rd largest community in the state. The average high temperature in July in Lake Zurich is 81.7 degrees with an average low in January of around 14 degrees. On average, the rainfall measures about 32 inches per year and the area enjoys almost 40 inches of snow annually.
While the national median household incomes sits at around $53,482, the median household income in this area is an impressive $108,294, making it one of the most expensive areas in Illinois, and even in the country.
As for employment, the village is one of office and sales workers, managers, and other professionals. Interestingly, there are more people living in Lake Zurich who work in computers and math than the majority of places in the United States.
Housing Market Trends in Lake Zurich, IL
If you are considering moving to the beautiful area of Lake Zurich, having an understanding of the current housing market trends will help you better understand the movement of key price indicators. Trends in this area show a -0% year on year drop in media sales prices with a -30% drop in median rent each month. The average sales price for homes in the area is approximately $322,500 with the average price per square foot coming in at $179 with an increase of 7%.
Crime, Schools, and Demographics
Understanding crime activity in any area you are planning on moving to is important to help you make your decision. What’s more, crime activity is helpful when comparing different locations and understanding the relative safety of each area. Overall, Lake Zurich is a safe area for residents, with very few crimes reported.
Being a family-oriented area, there are 12 school in Lake Zurich with the top elementary schools being Kildeer Countryside Elementary School, Spencer Loomis Elementary School, and Isaac Fox Elementary School. As for middle schools, parents have a choice of Woodlawn Middle School and both Lake Zurich Middle North and South Campuses. There are two recommended high schools, too, being Adlai E Stevenson High School and Lake Zurich High School.
Another big deciding factor when moving areas is what the neighbors are like. In Lake Zurich, the stats look like this:
- 14% of residents are single
- 96% of residents own their homes
- The median age in the area is 41
- 58% of residents are college educated
As for transportation, most residents in Lake Zurich tend to get around by car. It’s worth noting, though, that the average commute to work can be lengthy, with people spending around 32.39 minutes a day getting to work. Local public transport is also widely used, so it is indeed an option.
Overall, if you are looking for a great family neighborhood without a bustling nightlife, a low crime rate, and great education, consider Lake Zurich!
Join Our Mailing List For Exclusive Content
We value your privacy and would never spam you