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Featured local agent — Lake Ka-Ho, IL
Sarah Mitchell
Compass Real Estate · Lake Ka-Ho, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Ka-Ho, IL Housing Market
The last median sale price Redfin published was $85,000, +107.3% year over year (through May 2026). With homes going under contract in about 47 days, Lake Ka-Ho is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $85,000 home is about $454/mo in principal and interest.
Key numbers for Lake Ka-Ho, IL
Median sale price
$85,000
+107.3% year over year
Redfin, through February 2026
Days on market
47
Average pace
Redfin, through February 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$43,750
Home costs 1.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
81.0%
Selling below asking
Redfin, through February 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lake Ka-Ho a buyer's or seller's market?
Lake Ka-Ho, IL is a leaning buyer's and homes selling in about 47 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lake Ka-Ho housing market data show?
Every row below is Redfin's final published month for Lake Ka-Ho, IL. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $85,000 |
| Year-over-year price change | +107.3% |
| Median price per sq ft | $71/sq ft |
| Median days on market | 47 days |
| Sale-to-list price ratio | 81.0% |
| Homes sold (that month) | 1 |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lake Ka-Ho is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lake Ka-Ho is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lake Ka-Ho home prices moved?
Across the 14 months we hold for Lake Ka-Ho, IL, the median sale price fell 2.7%, from $87,400 in June 2021 to $85,000.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lake Ka-Ho?
Priced off the median sale price of $85,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $17,000 | $68,000 | $454/mo |
| 5% | $4,250 | $80,750 | $539/mo |
Redfin, through February 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $454, that implies roughly $19,448 a year before you add taxes and insurance. The median household in Lake Ka-Ho earns $43,750, about $24,302 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 1.9x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lake Ka-Ho in the next 12 months?
Tell us your timeline. We send the Lake Ka-Ho market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lake Ka-Ho?
Zillow does not publish a rent index (ZORI) for Lake Ka-Ho, IL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Lake Ka-Ho?
Active listings in Lake Ka-Ho, IL went from 2 in December 2021 to 1 in February 2025, a -50.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| December 2021 | 2 | not published |
| January 2022 | 1 | not published |
| June 2022 | 1 | not published |
| September 2022 | 1 | 1 |
| December 2022 | 1 | not published |
| February 2023 | 1 | not published |
| May 2023 | 1 | 1 |
| September 2023 | 1 | not published |
| February 2025 | 1 | 1 |
Redfin, through February 2025
How does Lake Ka-Ho compare to Illinois and the U.S.?
Lake Ka-Ho homes sell for $85,000 — 75% below the Illinois median of $337,900. Against the national median of $410,700, Lake Ka-Ho runs 79% lower. Year-over-year, Lake Ka-Ho moved +107.3% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lake Ka-Ho, IL | $85,000 | +107.3% | 47 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lake Ka-Ho
What buyers should watch
- The gap between 5% and 20% down here is $85 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $85,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lake Ka-Ho listing goes under contract in 47 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 81.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Lake Ka-Ho varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lake Ka-Ho
Explore homes currently listed for sale in Lake Ka-Ho, Illinois across major real estate platforms.
How much do homes cost in Lake Ka-Ho by property type?
How the Lake Ka-Ho, IL market breaks down across single-family homes, condos and townhouses. Redfin, through February 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $85,000 | $71/sq ft | 1 | 47 days |
Who lives in Lake Ka-Ho?
American Community Survey estimates for Lake Ka-Ho. U.S. Census ACS, 2023
Population
236
Households
111
Median income
$43,750/yr
Median age
55.9 years
Owner-occupied
85.6%
Median home value
$57,200
Median gross rent
$613/mo
Mean commute
28.1 min
85.6% of occupied homes in Lake Ka-Ho are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Lake Ka-Ho, IL?
Ordered by distance from Lake Ka-Ho, not by size. Compare Lake Ka-Ho side by side with any of them.
Lake Ka-Ho housing market FAQ
Is Lake Ka-Ho a buyer's or seller's market?
Lake Ka-Ho, IL is currently a leaning buyer's based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Lake Ka-Ho?
The median sale price in the last month Redfin published was $85,000, about $71 per square foot.
Is Lake Ka-Ho cheaper than the rest of Illinois?
Lake Ka-Ho's median sale price of $85,000 is 75% lower than the Illinois statewide median of $337,900, and 79% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lake Ka-Ho?
Homes in Lake Ka-Ho, IL spent a median of 47 days on market before going under contract, versus 43 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Lake Ka-Ho?
At the current 30-year fixed rate of 7.03%, 20% down on a $85,000 home is about $454 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $19,448 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $43,750.
Are home prices rising in Lake Ka-Ho?
Redfin's last published year-over-year change for Lake Ka-Ho, IL was +107.3%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Lake Ka-Ho?
Lake Ka-Ho ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lake Ka-Ho?
That depends on your timeline, not on a headline. What the data says today: Lake Ka-Ho, IL is a leaning buyer's, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $85,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.