Home prices
The median home in Grandwood Park is valued at $228,500. Compared to the surrounding areas it is about $63,860 (21%) lower.It is about $11,000 (5%) higher compared to the entire nation, and is approximately $29,500 (11%) lower compared to the city of Chicago.
Rents
The median monthly rent in Grandwood Park is $1,504. In comparison to the surrounding areas this is about $185 (14%) higher.Compared to the entire country it is about $442 (41%) higher, and compared to the city of Chicago it is approximately $392 (35%) higher.
Nearby places
Lindenhurst
Lindenhurst is Grandwood Park's neighbor to the northwest. The housing prices there are pretty similar. The median home in Lindenhurst costs $219,700, which works out to $8,800 (4%) lower than Grandwood Park. The rent there is a little more expensive. In Lindenhurst the median rent is $1,598 a month, which comes out to $94 (5%) higher than Grandwood Park.
Gurnee
Gurnee is Grandwood Park's neighbor to the southeast. Its housing prices are a bit more expensive. The price of the median home in Gurnee is $259,500, which works out to $31,000 (11%) higher than Grandwood Park. The rent there is somewhat less expensive. The median rent in Gurnee is $1,210 a month, which comes out to $294 (24%) lower than Grandwood Park.
Old Mill Creek
Old Mill Creek is Grandwood Park's neighbor to the north. The housing prices there are substantially more expensive. The median home cost in Old Mill Creek is $541,700, which works out to $313,200 (57%) higher than Grandwood Park. Rent there is somewhat less expensive. Old Mill Creek's median monthly rent is $1,214, which comes out to $290 (23%) lower than Grandwood Park.
Third Lake
Third Lake is roughly 1 mile southwest of Grandwood Park. The housing prices there are a bit more expensive. The median home in Third Lake is valued at $267,400, which works out to $38,900 (14%) higher than Grandwood Park. Rent there is similar. Third Lake's median rent is $1,469 a month, which works out to $35 (2%) lower than Grandwood Park.
Venetian Village
Venetian Village is approximately 2 miles west from Grandwood Park. Its real estate prices are a bit less expensive. Venetian Village's median home cost is $173,500, which is $55,000 (31%) lower than Grandwood Park. Its rents are significantly less expensive. Venetian Village's median rent is $1,105 a month, which comes out to $399 (36%) lower than Grandwood Park.
