Tower Lakes, Illinois.
Typical home $662,942 (+7.7% in a year). Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$1,900 (+120%) since Jan 2020.
- 1 year
- Up $47,383 +8%
- $615,560$662,942 since Sep 2025
- 5 years
- Up $157,735 +31%
- $505,208$662,942 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.
- Tower Lakes$3,480
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Tower Lakes, IL rose 7.7% over the past year — faster than the nation's +1.2%.
Living in Tower Lakes, Lake County, Illinois
Tower Lakes is a village of 1,226 people in Lake County. Half its households earn more than $154,167 a year and half less, against $110,416 across Lake County; 2% of its people live below the poverty line. 97% of its homes are lived in by their owners and 3% 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 schools and health care, 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 It can be wrong or out of date.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. Tower Lakes is a small village in Lake County, Illinois, where nearly every home is lived in by its owners and incomes run well above the county's. Very few residents live below the poverty line, and most adults hold a four-year degree. Winters are cold, with January highs near freezing and a good deal of snow, while July brings warm summer days.
Work. Residents work mostly in schools, hospitals and social care, in professional and business services, in manufacturing and in shops. The county's largest workplaces include AbbVie, Abbott and Discover Financial Services, and the typical commute is a long one. A good share of residents work from home, and job numbers across the county slipped a little last year.
Things to do. The best-known places nearby are a longer drive away. Six Flags Great America is an amusement park, and the Chicago Botanic Garden is a botanical garden for a quieter day out. Geneva Lake is a lake that suits a day by the water.
Report a mistake
- 418households
- 76%of adults have a degree
- 2%below the poverty line
- 35 mintypical commute
- 27%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, 4 miles away (NOAA).
Largest workplaces in Lake County
- AbbVie (Abbott Park )Pharmaceutical preparations manufacturing8,297
- AbbVie - US FieldOffice administration services6,857
- AbbottSurgical and medical instrument manufacturing4,909
- Discover Financial ServicesOffice administration services4,822
- AbbVie (Mettawa)Office administration services3,503
- CDWComputer peripheral equipment merchant wholesalers3,224
- AbbVie (North Chicago)Pharmaceutical preparations manufacturing3,218
- Zebra Technologies Corporation (IL151)Computer terminals manufacturing2,548
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 579 workplaces with 20 or more staff, 117,782 people in all across the county; Tower Lakes has none of its own. 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
- Inland floodingVery high
- Cold wavesRelatively high
- TornadoesRelatively high
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Tower Lakes’ census tracts, against the rest of the country; all of them together, relatively high. 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.
Tower Lakes home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Tower Lakes$662,942
- Illinois$295,943
- United States$366,157
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.
Zip codes with a Tower Lakes address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Tower Lakes — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.