Courtney Caraway
Gallery Realty Inc.
(773) 900-6135
199 Total Sales
1 in Forest Lake
$227,900 Price
Forest Lake
Suburban Neighborhood in Lake Zurich, Illinois
Lake County 60047
Forest Lake is an unincorporated region in Illinois, with neighboring villages of Lake Zurich to the west and Hawthorn Woods to the east. The most notable features of the community are the namesake lake which encompasses a large portion of this region, and the four public parks that are situated along the lake’s shores, creating a sense of tranquility, which makes up the distinct appeal that is Forest Lake.
The community presents a broad spectrum of home styles to cater to various preferences. Whether potential homebuyers gravitate toward newly refreshed homes built in the 1930s or ‘40s or immaculate newer builds, this neighborhood has a multitude of buying options. Many homes have waterfront access or a scenic view from their backyards. Because the community has characteristics of a rural region, it is accessible by car. The residential roads have no formal sidewalks; however, many drivers share the road with residents out for an early morning or afternoon stroll, dog walkers and joggers alike. Prospective homebuyers can expect to pay between $290,000 to $950,000.
Surrounding the community’s eponymous lake, are several public parks for residents to enjoy. Steinken Park is a favored recreational area for its panoramic lake views, sandcastle building and lounging in the grass near the calm water. The park is host to annual community events, including the John Harkness Sr. Ice Fishing Derby, which takes place in February. Other events that residents bring residents together are the Easter Egg Hunt and Halloween Parade and Party. Nearby is Erker Park, a modest outdoor green space with a mulched play area and lake views. This neighborhood park sits across from and between private residences, almost blending in with the community, and making it easily accessible to neighbors.
Students attend schools in the neighboring regions of Lake Zurich, Long Grove and Prairie View. May Whitney Elementary School and Lake Zurich Middle School North Campus, which both have a Niche score of an A, provide a strong educational foundation before students move on to Lake Zurich High School. Lake Zurich High is ranked #58 as the best public high school in Illinois and also earns a Niche score of an A, with academics, sports and teachers receiving the highest accolades. The school has a strong performing arts program, with an impressive Performing Arts Center. Students perform stage plays and holiday musicals, such as Elf Jr.
The most convenient dining hub for Forest Lake residents is along Route 22, heading toward Lake Zurich. There are some well-known chain restaurants, but mostly the area is comprised of local favorites. Residents can start their day by grabbing a cup of coffee and breakfast at Stompin’ Grounds Café or Koffee Kup Restaurant. DiPiero’s Pizza & Catering has a variety of pies for lunch and Vault 232 Restaurant and Bar is an ideal spot for dinner, with its raw oyster bar and steak and seafood entrees. Route 22 is also where retail and grocery shopping opportunities can be found. Open-air shopping malls such as Oakwood Commons Shopping Center and North Lake Commons have wellness shops and grocers like Jewel-Osco for pantry fillers and fresh produce.
Although off the beaten path, this community offers residents a quiet day-to-day life without comprising access to modern amenities.
Written By
LaTasha James
Video By
Mary Desmond
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Agents Specializing in this Area
-
Courtney Caraway
-
Silva Jelebinkov
Silva Jelebinkov
Responds QuicklyRE/MAX United
(224) 900-2969
90 Total Sales
1 in Forest Lake
$380,000 Price
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Tracy McBreen
Tracy McBreen
Responds Quickly@properties Christie's International Real Estate
(708) 401-9169
140 Total Sales
1 in Forest Lake
$410,000 Price
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Renee Clark
Renee Clark
Responds Quickly@properties Christie's International Real Estate
(224) 412-5142
205 Total Sales
1 in Forest Lake
$419,900 Price
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Amy Foote
Amy Foote
Responds QuicklyCompass
(224) 387-2656
400 Total Sales
1 in Forest Lake
$375,000 Price
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Erik Gimbel
Erik Gimbel
Responds QuicklyeXp Realty, LLC
(224) 571-9202
94 Total Sales
1 in Forest Lake
$283,250 Price
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
- 9th to 12th
- Public
- 6th to 8th
- Public
- K to 5th
- Public
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Parks in this Area
Hawthorn Woods Community Park
- Baseball/Softball
- Basketball
- Picnic Area
Breezewald Park
Lions Park
Paulus Park
- Boating
- Grills
- Lake
Heather Highlands Park
- Playground
Woodland Park
- Basketball
- Picnic Area
- Trails
Erker Park
- Lake
- Playground
Steinken Park
- Lake
- Playground
Heron Creek Forest Preserve
Transit
Crime and Safety
| 1 - Low Crime, 10 - High Crime | Forest Lake | US |
|---|---|---|
| Homicide | 1 | 4 |
| Sexual Assault | 1 | 4 |
| Assault with Weapon | 1 | 4 |
| Robbery | 1 | 4 |
| Burglary | 2 | 4 |
| Motor Vehicle Theft | 1 | 4 |
| Larceny | 3 | 4 |
| Crime Score | 2 | 4 |
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Forest Lake, Lake Zurich sell after 36 days on the market compared to the national average of 47 days. The average sale price for homes in Forest Lake, Lake Zurich over the last 12 months is $417,025, down 11% from the average home sale price over the previous 12 months.
Home Trends
Median Price (12 Mo)
$380,000
Median Single Family Price
$389,000
Average Price Per Sq Ft
$230
Number of Homes for Sale
7
Last 12 months Home Sales
36
Months of Supply
2.30
Median List Price
$399,900
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
1%
Home Facts
Number of Homes in Neighborhood
751
Median Year Built
1986
Avg. Single Family Home Size Sq Ft
3,153
Significantly above the national average
1,935
Median Lot Size Sq Ft
13,068
Open Houses
-
Saturday, Apr 261:30 - 5:30pm
Distribution of Home Values
Homes for Sale
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Average Home Value
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
2,286
Median Age
43
Population Density
7 ppl/acre
Population under 18
26.2%
On par with the national average
23.8%
Population over 65
16.9%
On par with the national average
19.1%
Finances
Median Household Income
$141,458
Significantly above the national average
$71,702
Average Household Income
$174,754
Education and Workforce
High School Graduates
85.5%
College Graduates
62%
Significantly above the national average
34.1%
Advanced Degrees
32.2%
Above the national average
13.3%
% Population in Labor Force
71.6%
Weather
Annual Precipitation
32''
Average Winter Low Temperature
19°F
Average Summer High Temperature
84°F
Annual Snowfall
28''
Area Factors
Somewhat Bikeable
Bike Score®
25
/ 100
Car-Dependent
Walk Score®
18
/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Nearby Neighborhoods
East Hawthorn Woods
A rural northwest Chicago suburb with large lots and plenty of horses
Hawthorn Woods
A Lake County suburb with spacious acreage and highly-rated schools
Kildeer
A luxurious forested enclave in northeast Illinois with highly rated schools
Long Grove
Modern luxuries and historic charm meet in this northwest Chicago suburb
Lake Zurich
Waterfront-living, 40 miles from downtown Chicago
West Hawthorn Hills
Quiet, close knit suburb with large lot sizes northwest of the Chicago suburbs
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