Leisure Village

Fox Lake, Lake County, Illinois  ·  360 Homes  ·  55+ Active Adult Community

Overview

One of the oldest and most affordable 55+ communities in the Lake County market, established in the 1970s. The age means lower purchase prices but higher maintenance cycles for buyers. Fox Lake location provides Chain O'Lakes recreational access. At approximately $150/month HOA, it is the most affordable mid-size community in Lake County.

Illinois exempts all retirement income from state income tax — Social Security, pensions, IRA and 401(k) distributions. This advantage applies regardless of which county you live in. Combined with Lake County's effective rate of approximately 2.5%, the true cost picture for Fox Lake area buyers depends heavily on your home price and retirement income level.