Round Lake, Illinois.
Typical home $328,884 (+4.2% in a year), asking rent $2,533 . Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$986 (+133%) since Jan 2020.
- 1 year
- Up $13,228 +4%
- $315,655$328,884 since Sep 2025
- 5 years
- Up $89,945 +38%
- $238,939$328,884 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Round Lake$1,726
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Round Lake, IL rose 4.2% over the past year — faster than the nation's +1.2%.
Living in Round Lake, Lake County, Illinois
Round Lake is a village of 18,721 people in Lake County. Half its households earn more than $111,977 a year and half less, against $110,416 across Lake County; 9% of its people live below the poverty line. 77% of its homes are lived in by their owners and 23% are rented. Unemployment in Lake County was 3.8% in August 2026, and the county had 1.1% fewer jobs in 2025 than the year before. The most residents work in manufacturing, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Round Lake is a village in Lake County, Illinois, home to a good many people for a village of its kind. Households here earn slightly more than the county as a whole, and most homes are lived in by their owners rather than rented. Residents tend to be somewhat younger than in many towns, and a good share of adults hold a four-year degree.
Work. Residents work mainly in manufacturing, professional and business services, schools and hospitals, and banking, insurance and property. Among the largest workplaces in the village itself are the Round Lake school district, the Round Lake Area Park District and the Village of Round Lake. Commutes tend to be long, and a fair number of people work from home.
Things to do. Wooster Lake sits in or beside town, and Six Flags Great America, an amusement park, is a short drive away. The Chicago Botanic Garden is a longer drive, as is Geneva Lake. Winters are cold and snowy, with January the coldest month, and summers turn warm in July, with a fair amount of rain and melted snow through the year.
Report a mistake
- 6,430households
- 42%of adults have a degree
- 9%below the poverty line
- 31 mintypical commute
- 18%work from home
What residents work in
Employed residents by industry, from the Census survey. Lake County had 325,826 jobs in 2025, 1.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 29° and lows near 14°; warmest in July, with highs near 82° and lows near 62°. About 43 inches of snow and 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Mundelein Wsw weather station, 6 miles away (NOAA).
Largest workplaces in Round Lake
- Round Lake CUSD 116School district1,035FTE
- Round Lake Area Park DistrictCommunity recreation programs, government105
- Village of Round Lake54
- Laskowski Ace HardewareHardware stores49
- Northern InsulationBuilding insulation contractors36
- Anderson Group HoldingsHeating, ventilation and air-conditioning contractors31
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 5 workplaces with 20 or more staff, 275 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- TornadoesRelatively high
- Strong windRelatively high
- Inland floodingRelatively high
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Round Lake’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lake County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Round Lake home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Round Lake$328,884
- Illinois$295,943
- United States$366,157
Sellers are cutting prices on about 1 in 4 Round Lake listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Round Lake28.36%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Round Lake58
New listings per month
Sellers arriving at the market.
- Round Lake24
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Round Lake$294,105
- United States$371,407
Zip codes with a Round Lake address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Round Lake — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.