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.

Home Value$349,648

+4.4%

Rent$1,795/mo

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$69,930 on $349,648

Example: $75,000 household income. Change it above to see your own.

Out of reach41.1% 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$1.93M Winnetka$1.73M Glencoe$1.51M Bannockburn$1.22M Golf$1.19M Hinsdale$1.18M Lake Forest$1.14M South Barrington$1.08M

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

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Grayslake, IL