Metro area index
Home appreciation in the Lake County, IL metropolitan division
FHFA HPI® data shows the Lake County, IL metropolitan division's all-transactions index changed +5.2% over the year to Q2 2026, versus +6.0% for Illinois and +3.0% for the U.S. That ranks 89th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +5.2%
- 5-year change
- +51.8%
- Since Q1 1995
- +154%
- Metro rank (1 year)
- 89th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Lake County, IL vs Illinois and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Lake County, IL: 253.9
- Illinois: 283.5
- United States: 391.6
Appreciation by time window
| Window | Metro | IL | U.S. | Gap vs IL | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +5.2% | +6.0% | +3.0% | −0.8 pts | +2.2 pts |
| 3 years | +23.1% | +21.8% | +12.9% | +1.4 pts | +10.3 pts |
| 5 years | +51.8% | +46.9% | +41.3% | +4.9 pts | +10.5 pts |
| 10 years | +74.2% | +75.6% | +93.3% | −1.4 pts | −19.2 pts |
| Since Q1 1995 | +154% | +184% | +292% | −29.6 pts | −137.7 pts |
3-digit ZIP regions in the Lake County, IL area
Regions with at least 10% of their 2010 population inside the metro division, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 600 · Waukegan, IL area | IL | +5.6% | +49.5% | +168% | 43% |
Boom, bust, and recovery in Lake County, IL area
Lake County, IL area's index peaked in Q1 2007, fell 28.8% to its low in Q2 2012, and regained its peak in Q1 2022, about 15 years after the top. Today it sits +41.3% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2007 | Q2 2012 | -28.8% | Q1 2022 (15 yrs) | +41.3% |
| IL | Q1 2007 | Q2 2012 | -21.8% | Q2 2021 (14.2 yrs) | +51.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Lake County, IL area's index has changed +14.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | IL after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +1.3% | +2.0% | -0.8% |
| 3 years | +9.8% | +12.1% | +10.9% | +2.8% |
| 5 years | +24.0% | +22.4% | +18.4% | +13.9% |
| 10 years | +39.1% | +25.2% | +26.3% | +39.0% |
| Since Q1 1995 | +121% | +14.7% | +28.0% | +76.8% |
If you bought in the Lake County, IL area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +151% | $754,353 |
| Q2 2000 | +109% | $628,492 |
| Q2 2005 | +50.6% | $451,762 |
| Q2 2010 | +78.2% | $534,468 |
| Q2 2015 | +78.7% | $536,048 |
| Q2 2020 | +63.8% | $491,527 |
| Q2 2021 | +51.8% | $455,435 |
| Q2 2023 | +23.1% | $369,366 |
| Q2 2025 | +5.2% | $315,679 |
Frequently asked questions
- How much have home prices risen in the Lake County, IL area?
- FHFA HPI® data for the Lake County, IL metropolitan division shows changes of +5.2% over one year, +51.8% over five years, and +74.2% over ten years to Q2 2026, and +154% since Q1 1995.
- Is the Lake County, IL area beating the national average?
- Over the past year the metro's index moved +2.2 pts versus the U.S.; over five years the gap is +10.5 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan division. The index covers the whole area, so individual neighborhoods and homes can differ from it.