Home prices
The median home value in Lake Lorraine is $159,800. It is roughly $36,540 (18%) lower in comparison to its surrounding areas.In comparison to the country as a whole it is roughly $57,700 (26%) lower, and in comparison to the city of Chicago it is roughly $98,200 (38%) lower.
Rents
Lake Lorraine's median rent is $883 a month. In comparison to nearby areas it is approximately $121 (12%) lower.It is about $179 (16%) lower in comparison to the United States as a whole, and is approximately $229 (20%) lower in comparison to the city of Chicago.
Nearby places
Whitewater
Whitewater is about 6 miles north of Lake Lorraine. The real estate prices there are somewhat more expensive. The median home in Whitewater costs $168,700, which is $8,900 (5%) higher than Lake Lorraine. Its rents are a little less expensive. The median rent in Whitewater is $774 a month, which is $109 (14%) lower than Lake Lorraine.
Lauderdale Lakes
Lauderdale Lakes is about 7 miles east of Lake Lorraine. Real estate prices there are substantially more expensive. The median home value in Lauderdale Lakes is $366,200, which is $206,400 (56%) higher than Lake Lorraine. Rent there is a lot more expensive. Lauderdale Lakes's median monthly rent is $1,577, which is $694 (44%) higher than Lake Lorraine.
Delavan
Delavan is roughly 8 miles southeast from Lake Lorraine. The real estate prices there are a bit less expensive. Delavan's median home price is $144,900, which is $14,900 (10%) lower than Lake Lorraine. Its rents are pretty similar. The median rent in Delavan is $851 a month, which is $32 (3%) lower than Lake Lorraine.
Darien
Darien is roughly 8 miles south from Lake Lorraine. Its real estate prices are a little less expensive. The median home in Darien costs $152,100, which is $7,700 (5%) lower than Lake Lorraine. The rent there is a bit more expensive. The median rent in Darien is $1,033 per month, which works out to $150 (14%) higher than Lake Lorraine.
Milton
Milton is roughly 9 miles west from Lake Lorraine. Real estate prices there are somewhat less expensive. The median home in Milton is valued at $149,800, which is $10,000 (6%) lower than Lake Lorraine. The rent there is a bit less expensive. The median monthly rent in Milton is $787, which comes out to $96 (12%) lower than Lake Lorraine.
