From April to June, 9 homes sold in Forest Lake for a median price of $248,000. That's 4.7 percent lower than median home sale prices for the second quarter of 2017.
In the second quarter, 1 home in Forest Lake was in foreclosure.
Median property tax for homeowners in Forest Lake was $5,082.50 in 2017 according to tax data from that year. That means homeowners pay 2 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Forest Lake real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
3
$222,300
-
2010
7
$285,000
28.2%
2011
3
$310,185
8.8%
2012
5
$272,500
-12.1%
2013
10
$332,100
21.9%
2014
9
$291,394
-12.3%
2015
10
$339,730
16.6%
2016
11
$243,600
-28.3%
2017
7
$260,100
6.8%
2018
9
$248,000
-4.7%
Median property tax
Median sale price
Effective property tax rate
2009
$4,612.26
$222,300
2.1%
2010
$6,678.24
$285,000
2.3%
2011
$6,440.89
$310,185
2.1%
2012
$6,870.04
$272,500
2.5%
2013
$6,437.78
$332,100
1.9%
2014
$5,242.65
$291,394
1.8%
2015
$5,935.83
$339,730
1.7%
2016
$5,429.18
$243,600
2.2%
2017
$5,082.49
$260,100
2%
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