Grayslake, IL Real Estate

According to census data in the year 2000 there were 6,633 housing units in Grayslake. This represents a 119.7% growth from 3,019 in 1990.

Of those housing units, 6,611 were located in either urbanized areas or urban clusters, and 22 were located in what is classified as a rural area.

Homeownership rate in Grayslake is about 78.4%. Grayslake's vacancy rate, including seasonal lodging, is about 1.5%. Average household size is 2.83 people.

The majority of houses, apartments or condos in Grayslake were built after 1991.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom7.50%
Two Bedrooms21.40%
Three Bedrooms38.30%
Four Bedrooms29.30%
Five Bedrooms or more3.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.04
Median year structure was built1992
Median Value of occupied units$192,900
Median Price asked for vacant units$210,400

Rented Homes, Apartments and Condos

Average Household Size2.03
Median year structure was built1979
Median Monthly Rent asked for vacant units$825

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.30%
Home Equity Loan13.30%
Simple Mortgage70.60%
Debt Free8.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs23.7%