Home prices
The median home in Grayslake costs $235,400. This is roughly $37,780 (19%) higher in comparison to the surrounding areas.In comparison to the nation as a whole it is roughly $17,900 (8%) higher, and is about $22,600 (8%) lower in comparison to the city of Chicago.
Rents
In Grayslake the median monthly rent is $1,160. This is approximately $209 (15%) lower compared to nearby areas.Compared to the United States as a whole it is roughly $98 (9%) higher, and in comparison to the city of Chicago is approximately $48 (4%) higher.
Nearby places
Hainesville
Hainesville is Grayslake's neighbor to the west. The real estate prices there are substantially less expensive. The value of the median home in Hainesville is $169,200, which comes out to $66,200 (39%) lower than Grayslake. Its rents are a bit more expensive. Hainesville's median rent is $1,454 a month, which is $294 (20%) higher than Grayslake.
Round Lake Park
Round Lake Park is Grayslake's neighbor to the west. The housing prices there are substantially less expensive. The median home in Round Lake Park costs $121,900, which comes out to $113,500 (93%) lower than Grayslake. Its rents are pretty similar. The median monthly rent in Round Lake Park is $1,198, which is $38 (3%) higher than Grayslake.
Third Lake
Third Lake is Grayslake's neighbor to the northeast. Its housing prices are somewhat more expensive. The median home value in Third Lake is $267,400, which is $32,000 (11%) higher than Grayslake. Rent there is a bit more expensive. The median monthly rent in Third Lake is $1,469, which is $309 (21%) higher than Grayslake.
Gages Lake
Gages Lake is Grayslake's neighbor to the east. Its real estate prices are pretty similar. The median home in Gages Lake is valued at $231,800, which works out to $3,600 (1%) lower than Grayslake. Its rents are somewhat more expensive. Gages Lake's median rent is $1,449 a month, which comes out to $289 (19%) higher than Grayslake.
Round Lake
Round Lake is roughly 3 miles west of Grayslake. The housing prices there are a bit less expensive. The median home value in Round Lake is $197,800, which comes out to $37,600 (19%) lower than Grayslake. Rents there are a little more expensive. In Round Lake the median rent is $1,274 per month, which comes out to $114 (8%) higher than Grayslake.
