The median home in Grayslake, Illinois is valued at $349,648, up 4.4% year over year. Typical monthly rent is $1,795, producing a price-to-rent ratio of 16.2x — near the national average of 18x. Grayslake is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$349,648

+4.4%

Rent$1,795/mo

AFFORDABILITY

Enter your income for Grayslake.

Income (annual)

Down Payment

$69,930 on $349,648

Out of reach — 41.1% of income

Need $110,057/yr to afford.

PITI$2,568

P/I41.1%

Afford$238K

Gap-$111K

P&I $1,768Tax $650Ins $150

Renting $773/mo cheaper ($1,795 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Grayslake with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

GRAYSLAKE, IL