Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Waukegan area can be challenging. Home prices in Waukegan are now at a median cost of $140,262, lower than the Illinois average of $242,002.
The average cost of rent is $1,073/mo in Waukegan, primarily driven by the current value of real estate in the Waukegan area. While nearly 44.82% of residents own their homes outright in Waukegan, 47.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Waukegan is $5,105 per month. Households that rent pay about 21.02% of their income on rent here. Waukegan's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Park City, IL: less expensive homes
- North Chicago, IL: less expensive homes
- Beach Park, IL: higher priced homes
- Great Lakes, IL: higher priced homes
- Gurnee, IL: higher priced homes
- Wadsworth, IL: higher priced homes
- Green Oaks, IL: higher priced homes
- Zion, IL: equally priced homes
- Lake Bluff, IL: higher priced homes
- Gages Lake, IL: higher priced homes
Cities with Similar Populations
- Valley Head, AL: less expensive homes
- Valley Grove, WV: equally priced homes
- Van Buren, OH: higher priced homes
- Van Nuys, CA: higher priced homes
- Varna, IL: equally priced homes
- Van Wert, IA: less expensive homes
- Varysburg, NY: equally priced homes
- Van Lear, KY: equally priced homes
- Van Horne, IA: higher priced homes
- St. Louis, MO: higher priced homes
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