Home prices
Lake Forest's median home price is $842,900. It is roughly $282,600 (50%) higher in comparison to other places in this area.It is approximately $625,400 (287%) higher in comparison to the rest of the nation, and is about $584,900 (226%) higher in comparison to the city of Chicago.
Rents
In Lake Forest the median monthly rent is $1,831. Compared to nearby areas it is about $64 (3%) higher.Compared to the nation as a whole it is roughly $769 (72%) higher, and it is about $719 (64%) higher in comparison to the city of Chicago.
Nearby places
Lake Bluff
Lake Bluff is Lake Forest's neighbor to the north. Housing prices there are somewhat less expensive. The median home in Lake Bluff is valued at $642,700, which comes out to $200,200 (31%) lower than Lake Forest. Its rents are a little more expensive. Lake Bluff's median rent is $2,146 per month, which comes out to $315 (14%) higher than Lake Forest.
Bannockburn
Bannockburn is Lake Forest's neighbor to the south. The housing prices there are a little more expensive. The price of the median home in Bannockburn is $971,200, which is $128,300 (13%) higher than Lake Forest. Rents there are significantly less expensive. Bannockburn's median monthly rent is $1,065, which works out to $766 (71%) lower than Lake Forest.
Knollwood
Knollwood is Lake Forest's neighbor to the north. Real estate prices there are substantially less expensive. The median home cost in Knollwood is $324,100, which comes out to $518,800 (160%) lower than Lake Forest. Rents there are somewhat less expensive. In Knollwood the median rent is $1,545 a month, which is $286 (18%) lower than Lake Forest.
Lincolnshire
Lincolnshire is Lake Forest's neighbor to the southwest. Its real estate prices are substantially less expensive. The cost of the median home in Lincolnshire is $508,700, which is $334,200 (65%) lower than Lake Forest. Its rents are significantly more expensive. In Lincolnshire the median rent is $2,791 a month, which is $960 (34%) higher than Lake Forest.
Highwood
Highwood is about 2 miles southeast of Lake Forest. The real estate prices there are significantly less expensive. The median home in Highwood costs $354,800, which comes out to $488,100 (137%) lower than Lake Forest. Its rents are a lot less expensive. Highwood's median rent is $1,287 a month, which comes out to $544 (42%) lower than Lake Forest.
