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City · 7,919 residents · Lake County, Illinois

Round Lake Park , Illinois

In Round Lake Park, a typical home is worth $164,900 and typical rent is $1,402 a month. Compared with all of Lake County, the typical home value is 52% lower, typical household income is 49% lower, and the share of households that own their home is 13 points higher.

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  • Typical home value

    $164,900

    52% below the county

    37% below Illinois

    • Round Lake Park
    • Lake
    • Illinois

  • Typical rent

    $1,402a month

    5% below the county

    10% above Illinois

    • Round Lake Park
    • Lake
    • Illinois

  • Typical household income

    $55,813a year

    49% below the county

    33% below Illinois

    • Round Lake Park
    • Lake
    • Illinois

  • Households that own their home

    87%

    13 points above the county

    20 points above Illinois

    • Round Lake Park
    • Lake
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$229,532
6.5% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Round Lake Park is in Lake County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lake County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Round Lake Park apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Round Lake Park is worth $164,900, 52% less than in Lake County as a whole ($345,700).

  2. The typical household income in Round Lake Park is $55,813, 49% less than in Lake County as a whole ($110,416).

  3. 87% of households in Round Lake Park own their home, against 75% in Lake County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Round Lake Park

What homes there are in Round Lake Park, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Round Lake Park: 69% of homes, near the figure in Lake County (67%).

There are more mobile homes here than in Lake County: 27% of homes, against 2%.

Year built

Here half of the homes date from 1995 or later; in Lake County, from 1983 or later.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,660 a month

Lake County: $2,503 a month

Owners with a mortgage

27%

Lake County: 64%

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Round Lake Park rose 35%; in Lake County, it rose 30%.

Rents in Round Lake Park rose more slowly than in Lake County: 17% since 2015–2019, against 23%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureRound Lake ParkLake CountyIllinoisUnited States
Rental vacancy Unreliable estimate3.7%5.0%5.5%
Homeowner vacancy Unreliable estimate0.9%1.0%0.9%
More than one person per room Unreliable estimate2.9%2.5%3.4%
People per household 2.462.692.462.53
Drive alone 73%66%66%69%
Carpool 11%9%8%9%
Public transit Unreliable estimate3%6%3%
Walk or bike Unreliable estimate2%3%3%
Work from home Unreliable estimate20%16%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Round Lake Park has 2.46 people, fewer than in Lake County (2.69).

In Round Lake Park, 73% of workers drive alone to work; in Lake County, 66%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Round Lake Park?

A typical home is within reach of the typical income

We start with a typical home in Round Lake Park, worth $164,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Round Lake Park, which is $55,813 a year.

The calculator's FHA and conventional loan limits are those of all of Lake County.

Your numbers

Local data
$

Starts at the typical home value in Round Lake Park. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,772 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,593

at 7.18% · 30 years

Loan amount
$161,913
Total interest
$232,954
Paid off in
November 2056

Includes $2,785 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,302 a month

  • Tight

    $1,302 to $1,674 a month

    Your payment · 34%

  • Hard

    more than $1,674 a month

Compared with the typical household income in Round Lake Park ($55,813 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,593
Principal & interest$1,097
Property tax$355
Home insurance$69
FHA mortgage insurance (MIP)$73

You need at least $5,772 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Round Lake Park and Lake County

Round Lake Park is in Lake County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Round Lake Park's own numbers

Typical home value
$164,900
Typical monthly rent
$1,402
Typical yearly household income
$55,813
Households that own their home
87%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Lake County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lake County.

Everything about Lake County

Buying

Buying a home in Round Lake Park

A typical home in Round Lake Park is worth $164,900: 52% below the county and 37% below Illinois. With the typical household income in Round Lake Park ($55,813 a year), a typical home costs 3.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Round Lake Park 3.0 years
  • Lake 3.1 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Lake County

According to FHFA’s house price index, home prices in Lake County rose 66% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Lake County.

Period County Illinois U.S.
Last year (2025) +6.7% +5.7% +2.9%
5 years (2020–2025) +54% +47% +47%
10 years (2015–2025) +66% +65% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Round Lake Park next to Lake County, Illinois and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Round Lake Park $164,900
  • Lake $345,700
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Round Lake Park $1,402
  • Lake $1,477
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Round Lake Park $55,813
  • Lake $110,416
  • Illinois $83,390
  • United States $80,734
See the full table
Round Lake Park next to Lake County and Illinois
Measure Round Lake Park Lake County Illinois U.S.
Typical home value $164,900 $345,700 $263,300 $332,700
Typical monthly rent $1,402 $1,477 $1,274 $1,413
Typical yearly household income $55,813 $110,416 $83,390 $80,734
Households that own their home 87% 75% 67% 65%
Renters with high rent for their income 50% 49% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lake County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Round Lake Park

For a typical $164,900 home in Round Lake Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, an example home insurance and mortgage insurance when it applies. It leaves out property tax because the Census Bureau doesn't publish Round Lake Park's rate.

  • FHA, 3.5% down $1,238a month

    Least cash to close
    Down payment
    $5,772
    Cash to close
    $10,719
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $73

  • Conventional, 5% down $1,208a month

    Down payment
    $8,245
    Cash to close
    $13,192
    Rate
    7.18%
    Mortgage insurance
    PMI · $78

  • Conventional, 20% down, no PMI $962a month

    Down payment
    $32,980
    Cash to close
    $37,927
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,115a month

    Down payment
    $24,735
    Cash to close
    $29,682
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Round Lake Park and for Lake County.

Flood risk in Lake County

FEMA does not publish these numbers by city: they are for all of Lake County.

Homes in the high-risk zone
2%
4,579
Of those, with NFIP insurance
24%
County Illinois U.S.
Homes in the high-risk zone 2% 1.5% 3.5%
Of those, with NFIP insurance 24% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Round Lake Park

Typical rent in Round Lake Park is $1,402 a month: 5% below the county. In Round Lake Park, 50% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Lake County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.

HUD fair market rent for all of Lake County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,678 $32.27 $67,120
1 bedroom $1,780 $34.23 $71,200
2 bedrooms $2,011 $38.67 $80,440
3 bedrooms $2,586 $49.73 $103,440
4 bedrooms $2,954 $56.81 $118,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Round Lake Park

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Round Lake Park has 2 ZIP codes with their own.

For 2 bedrooms it runs from $2,150 in 60073 to $2,210 in 60030.

2 of the 2 are above the fair market rent for Lake County ($2,011).

  • 60030 $2,210$2,840
  • 60073 $2,150$2,760

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Round Lake Park when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Round Lake Park

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Lake County; 1 says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Round Lake Park

No down payment, repair or rent-help program on our list is for Round Lake Park or Lake County. The ones below are statewide in Illinois: they work in Round Lake Park the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near Round Lake Park

The HUD-approved agencies closest to the center of Round Lake Park, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Partners for Affordable Housing

    800 S Milwaukee Ave Ste 201, Libertyville · 8 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (847) 263-7478

  • Lake County Housing Authority

    22843 N Lakewood Ln, Lake Zurich · 9 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (847) 223-1170

  • Restoration America, Inc.

    101 N Main St Ste 14, Crystal Lake · 14 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (847) 783-0232

Every agency in Lake County All counseling agencies in Illinois

Help in Spanish near Round Lake Park

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Round Lake Park

HUD’s record names them for Round Lake Park or Lake County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the County of Lake, IL. Public housing and Section 8 vouchers (847) 223-1170

2 other authorities have an office in Lake County: see the list Source: HUD

Cities

Other cities in Lake County

These cities are also in Lake County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Lake County Housing in Illinois
See 20 more cities in Lake County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Round Lake Park, with the typical home value.

Neighboring counties

If Lake County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Round Lake Park.

All guides
Two parents walk hand in hand with their little daughter.

Questions

Housing questions about Round Lake Park

Short answers with the numbers for Round Lake Park and all of Lake County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Round Lake Park?

The typical home value in Round Lake Park is $164,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lake County it is $345,700.

How much does it cost to rent in Round Lake Park?

Typical rent in Round Lake Park is $1,402 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lake County is $2,011.

What is the FHA loan limit in Round Lake Park?

Round Lake Park uses the FHA limit for all of Lake County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

Where can I find free help to buy or rent in Round Lake Park?

There are 2 HUD-approved counseling agencies with an office in Lake County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).