Home prices
Tower Lakes's median home value is $481,000. Compared to its nearby areas this is about $215,560 (81%) higher.It is roughly $263,500 (121%) higher in comparison to the nation as a whole, and it is about $223,000 (86%) higher compared to the city of Chicago.
Rents
The median rent in Tower Lakes is $2,156 a month. In comparison to its nearby areas it is approximately $811 (60%) higher.It is roughly $1,094 (103%) higher compared to the nation as a whole, and is about $1,044 (93%) higher in comparison to the city of Chicago.
Nearby places
Lake Barrington
Lake Barrington is Tower Lakes's neighbor to the southwest. Its housing prices are a bit less expensive. Lake Barrington's median home price is $379,700, which is $101,300 (26%) lower than Tower Lakes. Its rents are substantially less expensive. The median monthly rent in Lake Barrington is $1,389, which comes out to $767 (55%) lower than Tower Lakes.
Port Barrington
Port Barrington is about 1 mile northwest of Tower Lakes. Housing prices there are substantially less expensive. Port Barrington's median home value is $301,200, which is $179,800 (59%) lower than Tower Lakes. The rent there is somewhat less expensive. The median rent in Port Barrington is $1,716 per month, which is $440 (25%) lower than Tower Lakes.
Wauconda
Wauconda is roughly 2 miles north of Tower Lakes. The housing prices there are significantly less expensive. Wauconda's median home value is $226,600, which comes out to $254,400 (112%) lower than Tower Lakes. The rent there is significantly less expensive. Wauconda's median monthly rent is $1,166, which comes out to $990 (84%) lower than Tower Lakes.
Fox River Grove
Fox River Grove is approximately 3 miles southwest from Tower Lakes. Real estate prices there are significantly less expensive. The median home in Fox River Grove costs $248,600, which is $232,400 (93%) lower than Tower Lakes. Rent there is significantly less expensive. In Fox River Grove the median monthly rent is $1,066, which is $1,090 (102%) lower than Tower Lakes.
Island Lake
Island Lake is about 3 miles northwest from Tower Lakes. Its housing prices are a lot less expensive. The median home price in Island Lake is $171,100, which works out to $309,900 (181%) lower than Tower Lakes. Rents there are significantly less expensive. In Island Lake the median rent is $1,388 a month, which works out to $768 (55%) lower than Tower Lakes.
