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Advertise here →Grandwood Park, IL · Houses & Market Data
Grandwood Park, Illinois houses and real estate market data.
Houses in Grandwood Park, IL (Lake County) — Census median home value $313,000, county listing prices up about 2.6% over the past year. Market data for Grandwood Park houses and the broader area.
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Grandwood Park, IL is in Lake County, Illinois — this guide covers houses in Grandwood Park and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 5,311, with a median household income of $124,847. Census data puts Grandwood Park houses at a median value of $313,000 (all owner-occupied homes); Lake County's current median listing price runs $487,500, up about 2.6% over the past year.
Info from government sites and builders may have provided source info.
Market overview
Grandwood Park housing market
Grandwood Park is in Lake County, Illinois. Manifest Census and county price-trend data provide baseline context for houses in Grandwood Park and the surrounding county market.
Median home value (Census ACS)
$313,000
Population (Census ACS)
5,311
Median household income
$124,847
County price trend (2025)
6.73% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Grandwood Park market snapshot
Population
5,311
County
Lake County
Median Household Income
$124,847
Median Home Value (city)
$313,000
Median Listing Price (Lake County)
$487,500
Median Gross Rent
$1,797/mo
Price Trend (YoY)
+2.6%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Grandwood Park different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Grandwood Park's median home value — across all owner-occupied homes, not just recent sales — at $313,000. 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
Grandwood Park has an estimated population of 5,311 and a median household income of $124,847, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Grandwood Park's Census-reported median home value works out to about 2.5x the area's median household income, and median gross rent runs roughly 17% 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.
Nearby
Places around Grandwood Park
County guide: Lake County — cities, market context, and local resources for the county that includes Grandwood Park.
USAHouses.com also helps visitors looking in nearby Lake County and other Illinois communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Third Lake, Lindenhurst, Gages Lake, Old Mill Creek, Venetian Village, Gurnee, Grayslake, Round Lake Beach, Lake Villa, Wadsworth, Park City, Hainesville, Round Lake Park, Round Lake Heights, Waukegan, Round Lake.
Third Lake market data
Nearby city · ~1.9 mi
Lindenhurst market data
Nearby city · ~2.6 mi
Gages Lake market data
Nearby city · ~2.8 mi
Old Mill Creek market data
Nearby city · ~2.9 mi
Venetian Village market data
Nearby city · ~3.0 mi
Gurnee market data
Nearby city · ~3.1 mi
Grayslake market data
Nearby city · ~4.2 mi
Round Lake Beach market data
Nearby city · ~4.7 mi
Lake Villa market data
Nearby city · ~5.1 mi
Wadsworth market data
Nearby city · ~5.2 mi
Park City market data
Nearby city · ~5.6 mi
Hainesville market data
Nearby city · ~5.8 mi
Round Lake Park market data
Nearby city · ~5.9 mi
Round Lake Heights market data
Nearby city · ~6.0 mi
Waukegan market data
Nearby city · ~6.2 mi
Round Lake market data
Nearby city · ~6.7 mi
More Illinois cities with market guides: Aurora, Joliet, Naperville, Rockford, Elgin, Springfield, Peoria, Champaign.
Aurora market data
Same-state city guide
Joliet market data
Same-state city guide
Naperville market data
Same-state city guide
Rockford market data
Same-state city guide
Elgin market data
Same-state city guide
Springfield market data
Same-state city guide
Peoria market data
Same-state city guide
Champaign market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: Pistakee Highlands (~11.3 mi), Johnsburg (~13.2 mi), Spring Grove (~13.4 mi), Holiday Hills (~13.9 mi), Burtons Bridge (~14.6 mi), Solon Mills (~15.1 mi), Buffalo Grove (~15.7 mi), McCullom Lake (~15.8 mi), McHenry (~15.9 mi), Ringwood (~16.1 mi), Oakwood Hills (~16.2 mi), Deer Park (~16.4 mi), Prairie Grove (~16.5 mi), Richmond (~17.1 mi), Deerfield (~17.1 mi), Barrington (~18.1 mi).
New construction: New homes near Grandwood Park (Chicago) · Illinois new construction.
Census & home facts
Grandwood Park data from published sources
Population (ACS 2023)
5,311
Median home value (ACS 2023)
$313,000
Median household income (ACS 2023)
$124,847
Median gross rent (ACS 2023)
$1,797
County FHFA annual change (2025)
6.73%
County median listing price (FRED/Realtor.com) (2026-06-01)
$487,500
Census place type
CDP
County
Lake County
Land area (Census Gazetteer 2024)
1.45 sq mi
Census GEOID
1730900
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Grandwood Park
Availability and pricing are controlled by the builder and may change; confirm with the builder.
Briargate ↗
Del Webb · Lindenhurst, Illinois · ~3.3 mi · from $348,990
Hometown America Management Llc ↗
Champion Homes · Grayslake, Illinois · ~4.2 mi
River Glen ↗
Lennar · Libertyville, Illinois · ~4.5 mi · from $549,990
Clublands of Antioch ↗
Lennar · Antioch, Illinois · ~4.6 mi · from $435,990
Greenway Chase ↗
Pulte · Libertyville, Illinois · ~5.9 mi
Local life
Life in Grandwood Park
Schools
Waukegan CUSD 60 — 22 schools, 13,679 students enrolled, per the U.S. Department of Education's Common Core of Data. Lake addresses may be served by Waukegan CUSD 60, but attendance zones vary by street — confirm assigned schools with the district before making a move.
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Common questions
Grandwood Park FAQ
What are houses worth in Grandwood Park, IL?
The Census Bureau's American Community Survey puts the median value of houses in Grandwood Park at $313,000. Lake County's current median listing price runs $487,500, up about 2.6% over the past year.
How much do houses cost in Grandwood Park, IL?
For owner-occupied houses in Grandwood Park, Census ACS data shows a median value of $313,000. Active listing prices in Lake County may differ — see the market snapshot above.
What types of houses are in Grandwood Park, IL?
Grandwood Park houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Lake County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Grandwood Park, IL?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Grandwood Park's population at approximately 5,311.
What's the median rent in Grandwood Park, IL?
The Census ACS estimates median gross rent in Grandwood Park at approximately $1,797 per month.
What is the median household income in Grandwood Park, IL?
Census ACS data puts the median household income in Grandwood Park at approximately $124,847.
Is the Grandwood Park housing market growing?
Lake County's FHFA house price index shows a 6.73% annual change in 2025.
Is Grandwood Park, IL affordable relative to income?
Census ACS data puts Grandwood Park's median home value at about 2.5 times the median household income, with median gross rent equal to roughly 17% 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.
What school district serves Grandwood Park, IL?
Manifest and public school-directory data suggest Waukegan CUSD 60 for many Grandwood Park addresses, but attendance zones vary by street — verify your assigned schools with the district before making a move.
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