Real Estate in Crystal lake, IL
Updated 2026 • Housing market data from 3 zip codes • Redfin data through January 2026
📊 Crystal lake, IL Market Activity
The Crystal lake housing market shows a median sale price of $368,000, 9.0% higher than last year. The price per square foot is $145, below the national median of ~$215/sqft, up 7.0% year-over-year. Homes in Crystal lake spend a median of 71 days on market, longer than the national median of 42 days — giving buyers more negotiation room.
🏘️ Crystal lake Rental Market
The average rent in Crystal lake, IL is $2,575 per month. A 2-bedroom apartment rents for approximately $2,482/month, while a 3-bedroom home averages $2,845/month.
📦 Crystal lake Housing Supply & Demand
There are 115 new listings and 126 active properties on the market.
🏆 Crystal lake Market Competitiveness
Homes in Crystal lake sell for an average of 98.0% of their asking price. About 14% of properties sell above list price, indicating relatively low bidding pressure.
On average, homes sell for 98.0% of the asking price
14% of sales closed above asking, % at or below
📋 Housing Overview
Crystal lake, IL Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 363325, the balance between renting (22%) and owning (78%), and a population of 40661 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $363,325 and average rents of $2,575/month, the median household income of $103,018 provides context for affordability in Crystal lake. Whether you're looking to buy property in Crystal lake or invest in Crystal lake real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation. A 2-bedroom apartment rents for approximately $2,482/month, while a 3-bedroom house averages $2,845/month.
Economy & What Drives Crystal lake Real Estate
Real estate values in Crystal lake, IL are driven by local employment, school quality, and quality of life. The cost of living index of 82.6 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $103,018, residents have above-average purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Crystal lake neighborhoods.
Pros & Cons
Pros
- •Friendly community vibe
- •Growing job opportunities nearby
- •Welcoming to newcomers
- •Low crime rates generally
- •Access to lakes and nature
- •Family-friendly activities abound
- •Small-town charm with amenities
- •Good schools in the area
- •Diverse local events and culture
- •Nice parks and outdoor spaces
Cons
- •Public transport options lacking
- •Some traffic congestion issues
- •Job market competitive for some
- •Limited diversity in some areas
- •Tax rates can be high
- •Limited nightlife options
- •Seasonal weather challenges
- •Higher cost of living
- •May feel isolated at times
- •Limited cultural events
Frequently Asked Questions
What is the cost of living in Crystal lake, IL? ▼
The cost of living in Crystal lake, IL is 17% lower than the national average, with a cost of living index of 83 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Crystal lake, IL? ▼
In Crystal lake, IL, The median home price is $363,325. requiring approximately $120,712 annual income to afford. Average rent is $2,575/month (requiring ~$103,018/year income). The local median household income is $103,018, making homeownership attainable for typical residents. Explore Crystal lake real estate data →
Is Crystal lake, IL a safe place to live? ▼
Crystal lake, IL is average in terms of safety, with crime rates near the national average. The crime rate is 19.7 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Crystal lake crime statistics →
What salary do you need to live comfortably in Crystal lake, IL? ▼
To live comfortably in Crystal lake, IL and afford a median-priced home of $363,325, you would typically need a household income of $90,831 to $113,539 per year. The local median household income is $103,018. Renting requires approximately $103,018/year (at $2,575/month). See full affordability analysis →
Is Crystal lake, IL growing? ▼
Crystal lake, IL has a population of 40,661. As a smaller community, population trends depend on local housing development, job growth, and quality of life factors. The affordable housing market and strong job market attract new residents. See Crystal lake population demographics →
What are the best neighborhoods in Crystal lake, IL? ▼
The best neighborhoods in Crystal lake, IL depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $363,325 is below the national average. Explore Crystal lake on our interactive map →
What is the commute like in Crystal lake, IL? ▼
Commute times in Crystal lake, IL vary by neighborhood and workplace location. As a smaller community, residents typically drive, as public transit is limited. The affordable cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Crystal lake, IL? ▼
Tax rates in Crystal lake, IL include state and local components. The cost of living index of 83 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Crystal lake tax information →
How does Crystal lake, IL compare to nearby cities? ▼
Crystal lake, IL offers a more affordable alternative to nearby communities. With a cost of living index of 83, median home prices of $363,325, and a crime rate of 19.7 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Crystal lake, IL? ▼
Weather in Crystal lake, IL varies by season. Climate data varies by season. View detailed Crystal lake climate & environment data →
Is it better to rent or buy in Crystal lake, IL? ▼
With a median home price of $363,325 and average rents of $2,575/month, the price-to-rent ratio in Crystal lake is 11.8x. This favors buying, as monthly mortgage payments may be comparable to or lower than rent. See full cost analysis →
What is the price per square foot in Crystal lake, IL? ▼
The median price per square foot in Crystal lake is $145, which is 32% below the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in Crystal lake, IL? ▼
Homes in Crystal lake spend a median of 71 days on market before going under contract. This indicates homes take longer than the national median of 42 days, giving buyers more negotiating room. View full market data →
Explore More About Crystal lake, IL
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin