Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gages Lake area can be challenging. Home prices in Gages Lake are now at a median cost of $249,258, higher than the Illinois average of $242,002.
The average cost of rent is $1,550/mo in Gages Lake, primarily driven by the current value of real estate in the Gages Lake area. While nearly 24.47% of residents own their homes outright in Gages Lake, 18.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gages Lake is $8,361 per month. Households that rent pay about 18.54% of their income on rent here. Gages Lake's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Third Lake, IL: equally priced homes
- Grayslake, IL: equally priced homes
- Gurnee, IL: equally priced homes
- Hainesville, IL: less expensive homes
- Old Mill Creek, IL: higher priced homes
- Libertyville, IL: higher priced homes
- Round Lake Park, IL: less expensive homes
- Venetian Village, IL: less expensive homes
- Park City, IL: less expensive homes
- Lindenhurst, IL: equally priced homes
Cities with Similar Populations
- Weston, CT: higher priced homes
- Houghton, MI: less expensive homes
- House Springs, MO: less expensive homes
- Howard City, MI: less expensive homes
- Hudson, NC: less expensive homes
- Huntingburg, IN: less expensive homes
- Huntington, VA: higher priced homes
- Hyrum, UT: higher priced homes
- Imlay City, MI: less expensive homes
- Incline Village, NV: higher priced homes
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