Lake Forest, Illinois is a part of the East Lake County Submarket submarket area, and contains zip code 60045.
The 2019 average effective rent for Class A, B, and C apartments in the Lake Forest, IL submarket area was $1,273, which is 22.29% higher than 2014 average rent. This represents a compounded annual growth rate of 4.11%. 2019 vacancy in Lake Forest, IL was 5.00%.
The total population of the city of Lake Forest, IL has grown 0.87% since 2010. As of 2018, the population was 19,544. The median household income of the Lake Forest was $167,404, which is 177.65% higher than the national average.