From July to September, 5 homes sold in Forest Lake for a median price of $274,000. That's 6.6 percent higher than median home sale prices for the third quarter of 2017.
In the third quarter, there were no foreclosures in Forest Lake.
Median property tax for homeowners in Forest Lake was $4,940.68 in 2017 according to tax data from that year. That means homeowners pay 1.9 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
6
$178,952
-
2010
10
$337,725
88.7%
2011
10
$254,194
-24.7%
2012
3
$168,950
-33.5%
2013
14
$205,200
21.5%
2014
12
$276,660
34.8%
2015
5
$238,500
-13.8%
2016
9
$351,750
47.5%
2017
9
$257,040
-26.9%
2018
5
$274,000
6.6%
Median property tax
Median sale price
Effective property tax rate
2009
$5,517.03
$178,952
3.1%
2010
$7,077.02
$337,725
2.1%
2011
$5,332.40
$254,194
2.1%
2012
$5,504.48
$168,950
3.3%
2013
$5,630.28
$205,200
2.7%
2014
$5,613.40
$276,660
2%
2015
$5,296.43
$238,500
2.2%
2016
$7,600.82
$351,750
2.2%
2017
$4,940.67
$257,040
1.9%
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