Building Permits — Lake Villa, Illinois

Insightsi

Construction activity in 2024 was up 25% from the prior year, with 5 housing units permitted.

•78% fewer units than the average Lake County town (23), suggesting slower-than-typical growth.
•Average unit valued at $279K — 32% below the Lake County average of $408K, indicating more affordable construction.
•All permits were for single-family homes — no multi-family construction.

Lake Villa vs. Avg. Lake Co. Town (2024)i

Lake VillaAvg.Diff

Total Unitsi523-78%

Total Valuei$1.4M$9.4M-85%

Single-Familyi512-58%

Multi-Familyi011-100%

Buildingsi512-58%

Value / Uniti$279K$408K-32%

Housing Units Permittedi

Solid line is Lake Villa; dashed line is Lake County average.

Construction Valuei

Solid line is Lake Villa; dashed line is Lake County average.