Wauconda, IL—60084
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wauconda, IL
As of Oct '25, the median home price in Wauconda, IL is $345,000, with a year-over-year change of 5.3%. This indicates that home prices in Wauconda, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $345,000 | 5.3% |
| Single Family | $370,000 | 5.1% |
| Condos | $231,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | 5.9% |
3 Bed | $341,000 | 4.9% |
4 Bed | $473,000 | 5.8% |
| 5 Bed | $538,000 | 4.9% |
% of Housing Stock
Rental Trends — Wauconda, IL
As of July '25, Rentcast reports the average rent in Wauconda, IL is $1,870, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Wauconda, IL is 1-bedrooms: $1,290, 2-bedrooms: $1,700, 3-bedrooms: $2,240, 4-bedrooms: $2,750. The most common rental property sizes in Wauconda, IL are 2-bedroom and 3-bedroom, accounting for 42.5% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,870 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,290 |
| 2 Bed Rent | $1,700 | $1,700 |
| 3 Bed Rent | $2,200 | $2,240 |
| 4 Bed Rent | $2,600 | $2,750 |
% of Rental Stock
Property Listings — Wauconda, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Wauconda, IL is 34. This is a increase of 43.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $407,000 | 8.0% |
Listing Count | 54 | -11.0% |
| Listings as % of Homes | 0.4% | -11.0% |
Days on Market | 34 | 43.0% |
Demographics — Wauconda, IL
As of the latest ACS Survey released in 2023, Wauconda, IL has a population of 17,300, which has increased by 3.9% over the past 5 years. Wauconda, IL is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 37.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,300 | 3.9% |
% Under 18 | 25.3% | 9.1% |
% Seniors | 14.0% | 6.9% |
% WFH | 13.6% | 103.0% |
% w/ College Degree | 37.7% | -1.6% |
As of the latest ACS Survey released in 2023, Wauconda, IL is a predominantly white area, with 73.5% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Wauconda, IL is hispanic, making up 17.8% of the population. Foreign-born residents account for 13.8% of the population in Wauconda, IL, and this percentage has decreased by 9.2% 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% | 0.8% |
% Black | 0.4% | -50.0% |
% Hispanic | 17.8% | -12.3% |
% Asian | 4.7% | -9.6% |
% Foreign Born | 13.8% | -9.2% |
Mortgage and Risk — Wauconda, IL
According to HUD data as of 2023, there were 304 mortgage originations in Wauconda, IL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Wauconda, IL. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 304 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Wauconda, IL
As of 2024, the percent of homes in Wauconda, IL under the Section 8 program is 1.2%. 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 Wauconda, 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 | 42 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,100 | $1,470 |
| 2 Bedroom | -$40 | $1,700 | $1,660 |
| 3 Bedroom | -$70 | $2,200 | $2,130 |
| 4 Bedroom | -$100 | $2,600 | $2,500 |
Affordability — Wauconda, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $345,000 |
| Median Household Income | $105,000 |