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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Fox Lake, IL Housing Affordability Index

Fox Lake, Illinois has an MBR Housing Affordability Index score of 97.1 (Near National Average) as of October 30, 2026, ranking 1140th most affordable of 1,249 scored Illinois cities, compared with 102.2 statewide and 97.4 nationally. On a median-priced $228,100 home with 20% down, the Illinois average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $1,253, or 21% of the city’s $70,819 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Fox Lake is updated every night from live Illinois mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Fox Lake MBR-HAI 97.1 Near National Average
Rank in Illinois 1,140 of 1,249 1 = most affordable
Illinois 102.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.31% Illinois lenders
Median home value $228,100 U.S. Census Bureau

Fox Lake is 5.0 points below the Illinois score. Scores as of October 30, 2026. See the Illinois index

View Fox Lake Mortgage Rates

What It Takes to Buy in Fox Lake

$1,253/mo
Principal & Interest
Median home, 20% down, 7.31%
$53,700
Income Needed
To keep the payment at 28% of income
$70,819
Median Household Income
Illinois: $83,390
3.2x
Price-to-Income Ratio
Illinois: 3.2x
$1,541/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$5,144/yr
Median Property Tax
2.26% of median value
25.1%
Owner Cost Burden
Owners spending 30%+ of income on housing
63.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Fox Lake, Illinois. The rate is the Illinois average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Fox Lake Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Fox Lake, Illinois score: 97.1 (Near National Average), ranked 1,140 of 1,249 Illinois cities. monitorbankrates.com/housing-affordability-index/illinois/fox-lake”