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Waukegan, IL
Full City Profile · Illinois · Lake County County
3.1
/5.0
B
Good
88,919
Population
3,665/sq mi density
$70,578
Median Income
$31,667 per capita
$177,600
Home Value
$231,782 Zillow
$1,163
Median Rent
27.7% income on rent
51°F
Avg Temperature
263 sunny days/yr
383
Violent Crime/100K
2,230 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$70,578 median income, 3.6% unemployment
A+
Affordability
5.0 / 5.0
$177,600 home value, $1,163/mo rent
F
Safety
1.0 / 5.0
383 violent crimes/100K (1% above avg)
C+
Education
2.7 / 5.0
21.0% bachelor's degree or higher
Housing Overview
Median Home Value
$177,600
37% below
US avg: $281,900
Median Rent
$1,163/mo
0% below
US avg: $1,163/mo
Homeownership Rate
50.9%
22% below US avg (65.4%)
Total Housing Units
32,906
Median year built: 1968
Home Value by Source
Census Median
$177,600
Zillow (ZHVI)
$231,782
Median Sale Price
$253,750
Median List Price
$274,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
50.9%
Owner-Occupied
49.1%
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:
$1,163/mo
· Zillow rent:
$1,589/mo
Market Indicators (Redfin)
Median Days on Market
61 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
34
Price Drops
18.2%
of listings with price reduction
Price Per Sq Ft
$188
Active Inventory
88
homes for sale
Affordability & Housing Stock
Rent Burden
27.7%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1968
Average age of housing stock: 58 years
Homeownership Rate
50.9%
Complete Housing Data
Home Values
| Census Median Value | $177,600 |
| Zillow Home Value (ZHVI) | $231,782 |
| Median Sale Price | $253,750 |
| Median List Price | $274,900 |
| Price Per Sq Ft | $188 |
Rent
| Census Median Rent | $1,163 |
| Zillow Rent (ZORI) | $1,589 |
| 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 | 61 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 18.2% |
| Homes Sold | 34 |
| Active Inventory | 88 |
| Price Per Sq Ft | $188 |
Ownership & Stock
| Owner-Occupied | 50.9% |
| Renter-Occupied | 49.1% |
| Homeownership Rate | 50.9% |
| Total Housing Units | 32,906 |
| Median Year Built | 1968 |
| Rent Burden | 27.7% |