Housing in Tower Lakes, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$355,000
Median List Price
N/A
Price Per Sq Ft
$322
Days on Market
137
Active Inventory
1
Months of Supply
1.0
Seller's market
Zillow Home Value
$610,000
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
100.0%
Sale-to-List Ratio
102.9%
Seller's market
Market Activity
Source: RedfinHomes Sold
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$322
Tower Lakes vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Tower Lakes is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$495,900
Median Rent
$2,375
Total Housing Units
459
Vacancy Rate
5.2%
Owner Occupied
97.2%
Renter Occupied
2.8%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,599
Housing Types
The current median sale price in Tower Lakes, IL is $355,000 according to Redfin data. Homes spend a median of 137 days on the market. 100.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $322. The median rent is $2,375 per month (Census ACS). About 97.2% of housing units are owner-occupied. The median year homes were built is 1964. There are 459 total housing units.