HomeIllinoisLake CountyTower Lakes
Tower Lakes, Illinois: commercial real estate data.
Tower Lakes is a Census village of 1,106 people across 0.92 square miles of land, in Lake County. Median household income is $154,167, 96.9 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $100,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Tower Lakes
What Tower Lakes is
- Census place typevillage
- Land area0.92 sq mi
- Water area0.12 sq mi
- Population per square mile of land1,204
- County holding the largest share of its areaLake County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower Lakes
How many people live in Tower Lakes
- Population1,106
- Median age48.8
- Population under 18267 plus or minus 64
- Share under 1824.1 percent
- Population 65 and over248 plus or minus 55
- Share 65 and over22.4 percent
- Households418
- Family households339 plus or minus 75
- Share of households that are families81.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower Lakes
Income and work in Tower Lakes
- Median household income$154,167 plus or minus $31,589
- Per capita income$75,857
- Civilian labor force533
- Employed518
- Unemployed15 plus or minus 17
- Unemployment rate2.8 percent plus or minus 3.1
- Adults 25 and over775
- Adults 25 and over with a high school diploma or higher100.0 percent plus or minus 24.9
- Adults 25 and over with a bachelor degree or higher76.4 percent
- Adults 25 and over with a graduate degree33.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower Lakes
Housing in Tower Lakes
- Housing units428
- Occupied units418
- Vacant units10 plus or minus 16
- Vacancy rate2.3 percent plus or minus 3.7
- Owner occupied405 plus or minus 81
- Renter occupied13 plus or minus 17
- Ownership rate96.9 percent
- Median owner-occupied home value$510,300
- Single family units428
- Share single family100.0 percent
- Units in buildings of two or more0
- Share in buildings of two or more0.0 percent
- Mobile homes0
- Median year structure built1965
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower Lakes
How Tower Lakes gets to work
- Workers 16 and over who commute380 plus or minus 90
- Commuting under 15 minutes44 plus or minus 22
- Share commuting under 15 minutes11.6 percent plus or minus 5.1
- Commuting 30 minutes or more203 plus or minus 58
- Share commuting 30 minutes or more53.4 percent
- Drove alone61.8 percent plus or minus 12.7
- Carpooled1.5 percent plus or minus 1.9
- Public transport4.6 percent plus or minus 3.6
- Walked0.0 percent
- Worked from home26.6 percent plus or minus 8.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower Lakes
SBA loans in Tower Lakes (7(a))
- Approvals1
- Gross approval$100,000
- Average approval$100,000
- Median approval$100,000
- Largest approval$100,000
- Jobs supported0
- Jobs per approval0.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Tower Lakes, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Tower Lakes
Flood risk in Tower Lakes
- NFIP communityVillage of Tower Lakes
- NFIP community number170393
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/18/13
The Village of Tower Lakes participates in the National Flood Insurance Program as community 170393 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Lake County, not Tower Lakes
Lake County context, not Tower Lakes figures
- Establishments in Lake County20,076
- Covered employment, Lake County329,354
- Average annual pay, Lake County$91,042
- Housing units permitted, Lake County1,042
Every figure in this section is published for Lake County as a whole and is not a measurement of Tower Lakes.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Tower Lakes questions, answered from the record.
How many people live in Tower Lakes, Illinois?
1,106, in 418 households. Tower Lakes village covers 0.92 square miles of land, which is 1,204 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Tower Lakes in?
Lake County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Tower Lakes?
$154,167. The median owner-occupied home is valued at $510,300. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Tower Lakes businesses?
1 7(a) approvals totaling $100,000 since FY2020, across 1 lenders, median approval $100,000. These count approvals to borrowers whose address is in Tower Lakes, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Tower Lakes borrowers get paid back?
No rate is published for Tower Lakes. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Tower Lakes in the National Flood Insurance Program?
Yes. Tower Lakes appears in the FEMA Community Status Book as Tower Lakes, village of, community 170393, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Tower Lakes figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lake County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Tower Lakes.
Is zoning published for Tower Lakes?
No. Nothing on this page presents parcel level zoning.