Grayslake, IL 60030 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Grayslake, IL—60030

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$338,000

4.2% YoY Growth

Household Income

$105,000

20.0% YoY Growth

Days on Market

17.0% Shorter YoY

Home Price Forecast

1.9%

Median Rent

$2,550

3.3% YoY Growth

1-Bed Rent

$1,460

36.6% YoY Growth

2-Bed Rent

$1,980

2.5% YoY Growth

3-Bed Rent

$2,600

1.1% YoY Growth

Home Price Trends — Grayslake, IL

As of Dec '25, the median home price in Grayslake, IL is $338,000, with a year-over-year change of 4.2%. This indicates that home prices in Grayslake, IL are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$338,000	4.2%
Single Family	$347,000	4.2%
Condos	$239,000	0.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Grayslake, IL

As of July '25, Rentcast reports the average rent in Grayslake, IL is $2,520, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Grayslake, IL is 1-bedrooms: $1,470, 2-bedrooms: $2,080, 3-bedrooms: $2,700, 4-bedrooms: $3,300. The most common rental property sizes in Grayslake, IL are 2-bedroom and 1-bedroom, accounting for 44.9% and 27.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,550	$2,520
Studio Rent	N/A	N/A
1 Bed Rent	$1,460	$1,470
2 Bed Rent	$1,980	$2,080
3 Bed Rent	$2,600	$2,700
4 Bed Rent	$3,350	$3,300

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% of Rental Stock

Studio

3.9%

1 Bedroom

27.2%

2 Bedrooms

44.9%

3 Bedrooms

14.2%

4 Bedrooms

8.7%

5+ Bedrooms

1.2%

Property Listings — Grayslake, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Grayslake, IL is 35. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$394,000	17.0%
Listing Count	80	-11.0%
Listings as % of Homes	0.5%	-11.0%
Days on Market	44	-17.0%

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Demographics — Grayslake, IL

As of the latest ACS Survey released in 2023, Grayslake, IL has a population of 35,600, which has decreased by -3.4% over the past 5 years. Grayslake, IL is a moderately popular place for families, as children make up 20.6% of the population. The area has a highly educated workforce, with 49.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	35,600	-3.4%
% Under 18	20.6%	-5.5%
% Seniors	19.2%	33.3%
% WFH	17.2%	129.3%
% w/ College Degree	49.4%	8.6%

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As of the latest ACS Survey released in 2023, Grayslake, IL is a predominantly white area, with 73.5% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Grayslake, IL is hispanic, making up 11.0% of the population. Foreign-born residents account for 10.2% of the population in Grayslake, IL, and this percentage has decreased by 9.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	73.5%	-4.8%
% Black	6.9%	122.6%
% Hispanic	11.0%	-3.5%
% Asian	3.9%	-27.8%
% Foreign Born	10.2%	-9.7%

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Mortgage and Risk — Grayslake, IL

According to HUD data as of 2023, there were 735 mortgage originations in Grayslake, IL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Grayslake, IL. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	735
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Grayslake, IL

As of 2024, the percent of homes in Grayslake, IL under the Section 8 program is 11.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Grayslake, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	344
Total Units Section 8	277
% Rentals under Section 8	11.0%
% Occupied Section 8	91.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$280	$1,460	$1,740
2 Bedroom	-$10	$1,980	$1,970
3 Bedroom	-$70	$2,600	$2,530
4 Bedroom	-$380	$3,350	$2,970

Grayslake, IL—60030

Key Metrics at a Glance

Home Price Trends — Grayslake, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grayslake, IL

% of Rental Stock

Property Listings — Grayslake, IL

Demographics — Grayslake, IL

Race and Ethnicity

Mortgage and Risk — Grayslake, IL

Mortgages

Rentals and Section 8 — Grayslake, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Grayslake, IL

Home Price to Income Ratio

Grayslake, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Round Lake, IL

Mundelein, IL

Lindenhurst, IL

Libertyville, IL

Gurnee, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$338,000
Median Household Income	$105,000

Grayslake, IL—60030

Key Metrics at a Glance

Home Price Trends — Grayslake, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grayslake, IL

% of Rental Stock

Property Listings — Grayslake, IL

Demographics — Grayslake, IL

Race and Ethnicity

Mortgage and Risk — Grayslake, IL

Mortgages

Rentals and Section 8 — Grayslake, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Grayslake, IL

Home Price to Income Ratio

Grayslake, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Round Lake, IL

Mundelein, IL

Lindenhurst, IL

Libertyville, IL

Gurnee, IL

Frequently Asked Questions

What is the average home price in Grayslake, IL 60030?

How have home prices in Grayslake, IL 60030 changed over the past year?

What is the home price projection for Grayslake, IL 60030?

What are the demographics of Grayslake, IL 60030?

How long does it take homes to sell in Grayslake, IL 60030?

What is the average rent price in Grayslake, IL 60030?