The median home in Waukegan, Illinois is valued at $228,941, up 5.5% year over year. Typical monthly rent is $1,597, producing a price-to-rent ratio of 11.9x — below the national average of 18x. Waukegan 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$228,941

+5.5%

Rent$1,597/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Waukegan.

Income (annual)

Down Payment

$45,788 on $228,941

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

Affordable27.7% of income

Under the 28% guideline.

PITI$1,733

P/I27.7%

Afford$231K

Room+$2K

P&I $1,158Tax $425Ins $150

Renting $136/mo cheaper ($1,597 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 Waukegan 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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Waukegan, IL