Forest Lake, IL Real Estate

According to census data in the year 2000 there were 546 housing units in Forest Lake. This represents a 10.8% growth from 493 in 1990.

Of those housing units, 546 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Forest Lake is about 91.9%. Average household size is 2.84 people.

The majority of houses, apartments or condos in Forest Lake were built after 1970.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom5.90%
Two Bedrooms21.60%
Three Bedrooms49.30%
Four Bedrooms20.70%
Five Bedrooms or more2.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.73
Median year structure was built1972
Median Value of occupied units$189,200

Rented Homes, Apartments and Condos

Average Household Size4.09
Median year structure was built1955

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.20%
Home Equity Loan12.30%
Simple Mortgage64.90%
Debt Free16.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.9%