Twin Lakes, WI Real Estate

Located on the Illinois border, the village of Twin Lakes has prospered to be a trendy vacation spot with a charming atmosphere to settle in. The “Twin Lakes” named, Mary and Elizabeth, cover 1,000 acres of water and draw many tourists. With easy access to other communities and Illinois via Highway 12, Twin Lakes is an excellent community for commuters to live in.

The village provides a wide selection of homes for people who want to become established in the area. Homes in the market include three-bedroom brick Ranches, two-story newly-renovated homes, Contemporaries, and Lakefront houses with luxurious amenities. The area also has subdivisions such as Whispering Trails offering four-bedroom/three-bath homes. The average price of a home in Twin Lakes is $181,880 with the cost of living 3.81 percent lower than the U.S. average.

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Lakes, Mary and Elizabeth, provide for a variety of recreational opportunities. People can swim, water-ski, and boat on the beautiful bodies of water. The lakes are serviced by a Lake Protection and Rehabilitation District managed by a village board of trustees.

Twin Lakes is host to Country Thunder, which is a four-day country music festival. Twenty country-acts perform each year at the show. Concert goers can also find a variety of food, merchandise and collector booths around the festival grounds.

The parks and recreations department maintains five village parks for residents to enjoy. Legion Park has a skateboarding park, tennis courts and a basketball court and baseball diamonds. The newest park, Millennium, offers playground equipment, walking trails and a soccer/football field.

Local shops and fine dining are centralized in the downtown area, but there are great restaurants scattered around the village. Niko’s Restaurant & Lounge is a featured place that serves up American and Mediterranean cuisines, and is known for its night life amenities.

The village also provides activities for senior citizens through the Twin Lakes Area Senior Club. The club gathers twice a month for a meeting and then play either bingo or cards. They also schedule many events throughout the year.

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The village’s lakes were named after a set of twins born to Mary Ray and Jonathan Ineson who were early settlers of the once called “English Prairie.” In 1902, the first post office was built in the basement of LeRoy Winter’s house. The village was established in 1937.

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Twin Lakes properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Lakewood Elementary School (Twin Lakes) Twin Lakes #4 School District public 397 Not Provided Lakewood Elementary School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 7,436 160,145 5,742,119
Total Households 2,773 59,444 2,299,100
Total Families 1,929 39,427 1,469,281
Population Density 479 15,429 446,124
Percent Male 50% 49% 50%
Percent Female 50% 51% 50%
White Collar Jobs 63% 60% 56%
Blue Collar Jobs 37% 40% 44%

Top Occupations

Professions Population Employed
Manufacturing 767
Healthcare 723
Transportation 576
Management 567
Retail 565
Sales 531
Information, Scientific and Technical 415
Construction 310
Arts and Media 292
Natural Resources 290

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income with Head of House hold under age of 25

Household Income with Head of House Hold between the ages of 25 and 44

Household Income with Head of House Hold between the ages of 45 and 64

Household Income with Head of Household over the age of 65

Housing Demographics

  City County State
Total Housing Units 3,826 65,948 2,641,602
Owner Occupied Housing Units 2,118 39,160 1,547,197
Renter Occupied Housing Units 647 20,292 751,903
Vacant Housing Units 1,061 6,496 342,513
Occupancy Rate 72% 90% 87%
Vehicles Per Housing Unit 2 23 1,563

Commute Time To Work

  City County State
Less than 5 minutes 243 3,192 124,926
5 - 14 minutes 628 9,653 372,200
15 - 29 minutes 776 10,647 448,472
30 - 44 minutes 726 7,374 290,738
45-59 minutes 495 7,303 152,657
Over 60 minutes 674 4,673 85,684

Total Housing Units

Housing By Occupant

Commute Time To Work

Monthly Rental Rates

Monthly Mortgage Costs

Age of Homeowners

Education Attainment

  City County State
Some High School 320 10,275 347,427
High School Graduate 1,682 33,906 1,239,522
Some College 1,543 23,923 817,979
Associates Degree 376 10,575 390,482
Bachelors Degree 776 17,302 713,854
Graduate Degree 344 6,713 261,622

Education Attainment


Market Conditions
Market Conditions for Twin Lakes - August 2019 | Shorewest Realtors®
August 2019

Market Conditions for Twin Lakes

Median Sale Price Graph

Median Sale Price

The median sale price for homes in August was $270,000. The median sales price for homes in August fell by ($29,900) compared to last month. This represents a 9.96% decrease from July. Compared to the same month last year, the median price of homes rose by $37,500 representing a 16.12% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 2 in August to 70. This represents 2.77% decrease from July when 72 homes were on the market. Compared to the same month last year when there were 72 homes for sale, the inventory of homes for sale has fallen by 2 representing a -2.77% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 20 homes sold in August was 1 more than in July. This represents a 5.26% increase in sales from July. Compared to the same month last year, the number of homes sold increased by 6, a 42.85% year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in August (70) increased by 30 days compared to July. This represents a 75% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 11, a -13.58% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 96.87% in August rose by 0.76% compared to July and increased 3.31% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in August (27) rose by 9 compared to July, a 50% change. Compared to August 2018, the number of new listings increased by 5, a 22.72% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in August was $239,900. The median list price for homes in August fell by ($10,000) compared to last month. This represents a 4% decrease from July. Compared to the same month last year, the median list price of homes increased $7,950 representing a 3.42% year-over-year increase.


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