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Affordable
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These days, finding an affordable place to live in the Grayslake area can be challenging. Home prices in Grayslake are now at a median cost of $311,936, higher than the Illinois average of $300,242.
The average cost of rent is $1,686/mo in Grayslake, primarily driven by the current value of real estate in the Grayslake area. In Grayslake, 20.96% of households rent, and 29.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grayslake is $10,190 per month. Households that rent pay about 16.54% of their income on rent here. Grayslake’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hainesville, IL: less expensive homes
- Third Lake, IL: equally priced homes
- Round Lake Park, IL: less expensive homes
- Gages Lake, IL: equally priced homes
- Round Lake Beach, IL: less expensive homes
- Venetian Village, IL: less expensive homes
- Round Lake, IL: less expensive homes
- Round Lake Heights, IL: less expensive homes
- Lindenhurst, IL: equally priced homes
- Gurnee, IL: equally priced homes
Cities with Similar Populations
- Corinth, MS: less expensive homes
- Easton, MD: higher priced homes
- East Renton Highlands, WA: higher priced homes
- Dyer, IN: higher priced homes
- Durant, OK: less expensive homes
- Deerfield, IL: higher priced homes
- Davidson, NC: higher priced homes
- Darlington, SC: less expensive homes
- Crawfordsville, IN: less expensive homes
- Coronado, CA: higher priced homes
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