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Advertise here →Gages Lake, IL · Market Data
Gages Lake, Illinois real estate market data.
Real estate market data for Gages Lake, IL (Lake County) — Census median home value $291,200, county listing prices up about 2.6% over the past year.
Gages Lake, IL is in Lake County, Illinois — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 10,706, with a median household income of $105,114. Census data puts Gages Lake's median home value at $291,200 (all owner-occupied homes); Lake County's current median listing price runs $487,500, up about 2.6% over the past year.
At a glance
Gages Lake market snapshot
Population
10,706
Median Household Income
$105,114
Median Home Value (city)
$291,200
Median Listing Price (Lake County)
$487,500
Median Gross Rent
$1,741/mo
Price Trend (YoY)
+2.6%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Gages Lake different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Gages Lake's median home value — across all owner-occupied homes, not just recent sales — at $291,200. Separately, Lake County's current median listing price (via Realtor.com data, 2026-06-01) runs $487,500. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Lake County's FHFA house price index shows a 6.73% annual change in 2025.
Population & Income
Gages Lake has an estimated population of 10,706 and a median household income of $105,114, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Gages Lake's Census-reported median home value works out to about 2.8x the area's median household income, and median gross rent runs roughly 20% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Gages Lake FAQ
What are home values like in Gages Lake, IL?
The Census Bureau's American Community Survey puts Gages Lake's median home value at $291,200. Lake County's current median listing price runs $487,500, up about 2.6% over the past year.
What is the population of Gages Lake, IL?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Gages Lake's population at approximately 10,706.
What's the median rent in Gages Lake, IL?
The Census ACS estimates median gross rent in Gages Lake at approximately $1,741 per month.
What is the median household income in Gages Lake, IL?
Census ACS data puts the median household income in Gages Lake at approximately $105,114.
Is the Gages Lake housing market growing?
Lake County's FHFA house price index shows a 6.73% annual change in 2025.
Is Gages Lake, IL affordable relative to income?
Census ACS data puts Gages Lake's median home value at about 2.8 times the median household income, with median gross rent equal to roughly 20% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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