Gages Lake, IL
Full City Profile · Illinois · Lake County County
4.5
/5.0
A+
Excellent
10,706
Population
3,593/sq mi density
$105,114
Median Income
$48,995 per capita
$291,200
Home Value
$341,490 Zillow
$1,741
Median Rent
29.4% income on rent
48°F
Avg Temperature
A+
Overall
4.5 / 5.0
Strong
A
Economy
4.3 / 5.0
$105,114 median income, 7.0% unemployment
A+
Affordability
5.0 / 5.0
$291,200 home value, $1,741/mo rent
A
Education
4.2 / 5.0
40.5% bachelor's degree or higher
Housing Overview
Median Home Value
$291,200
3% above
US avg: $281,900
Median Rent
$1,741/mo
50% above
US avg: $1,163/mo
Homeownership Rate
83.4%
28% above US avg (65.4%)
Total Housing Units
4,177
Median year built: 1985
Home Value by Source
Census Median
$291,200
Zillow (ZHVI)
$341,490
Redfin Median Sale
$331,000
Median Sale Price
$331,000
Median List Price
$382,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
83.4%
Owner-Occupied
16.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$1,741/mo
Market Indicators (Redfin)
Median Sale Price
$331,000
Median Days on Market
66 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
12
Price Drops
18.8%
of listings with price reduction
Price Per Sq Ft
$178
Active Inventory
16
homes for sale
Affordability & Housing Stock
Rent Burden
29.4%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1985
Average age of housing stock: 41 years
Homeownership Rate
83.4%
Complete Housing Data
Home Values
| Census Median Value | $291,200 |
| Zillow Home Value (ZHVI) | $341,490 |
| Redfin Median Sale | $331,000 |
| Median Sale Price | $331,000 |
| Median List Price | $382,450 |
| Price Per Sq Ft | $178 |
Rent
| Census Median Rent | $1,741 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 66 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 18.8% |
| Homes Sold | 12 |
| Active Inventory | 16 |
| Price Per Sq Ft | $178 |
Ownership & Stock
| Owner-Occupied | 83.4% |
| Renter-Occupied | 16.6% |
| Homeownership Rate | 83.4% |
| Total Housing Units | 4,177 |
| Median Year Built | 1985 |
| Rent Burden | 29.4% |