HomeIllinoisLake CountyTower Lakes village
Tower Lakes village, Illinois: commercial real estate data.
Tower Lakes village 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.
68 sourced place values · tier FULL · 8 sections · 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
- Ninetieth percentile 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
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
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
- Listed NFIP communities1
- Of those, participating1
- NFIP community number170393
- Currently effective map date09/18/13
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Lake County, not Tower Lakes
Lake County context, not Tower Lakes figures
These are Lake County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Tower Lakes measurements.
- Establishments in Lake County20,076
- Employment at those establishments, Lake County337,069
- Covered employment, Lake County329,354
- Average annual pay, Lake County$91,042
- Average weekly wage, Lake County$1,751
- Housing units permitted, Lake County1,042
- Of those, single family, Lake County531
- County product, 2024, Lake County$82,868,798,000
- County product change over the prior year, Lake County3.7 percent
- Average income of an arriving household, Lake County$132,863
Every figure in this section is published for Lake County as a whole and is not a measurement of Tower Lakes. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No median gross rent is published for this place.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $100,000, 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. 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 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 labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.