Housing data for Grandwood Park, IL
Grandwood Park, IL has an estimated 5,262 residents and 2,075 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in Lake County.
12.6% of households rent.
The median gross rent is $1,836 a month.
Figures last updated on .
- Residents
- 5,262 (±599)
- Housing units
- 2,075 (±291)
- Households that rent
- 12.6%
- Median gross rent
- $1,836
- Residents since 2015–2019
- +1.8%
What stands out in Grandwood Park
Homes in buildings of 5 or more units: 3.9% (±2.1 points) in Grandwood Park, lower than in Lake County (15.6%).
Households that rent: 12.6% (±4.7 points) in Grandwood Park, lower than in Lake County (25.2%).
Households without a vehicle: 0.6% (±0.8 points) in Grandwood Park, lower than in Lake County (4.6%).
Median gross rent: $1,836 (±$275) in Grandwood Park, higher than in Lake County ($1,477).
- Types of homes in Grandwood Park
- Renters and owners in Grandwood Park
- Commute and cars in Grandwood Park
- Median rent in Grandwood Park
Housing in Grandwood Park at a glance
- Median rent: $1,836 median gross rent a month
- Rent by bedrooms
- Rent burden: 58.0% of renters pay 30% or more of income
- Renters and owners: 12.6% of households rent
- Income and affordability: $126,736 median household income
- Home values: $330,500 median home value
- Homeowner costs: $2,854 median monthly cost with a mortgage
- Property taxes: $9,729 median real estate taxes a year
- Types of homes: 3.9% of homes are in buildings of 5 or more units
- Bedrooms: 88.6% of homes have 3 or more bedrooms
- Age of homes: 42.7% of homes were built before 1980
- Vacancy rate: 10.4% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 93.9% heat with utility gas
- Commute and cars: 25.6 minutes average trip to work
- Growth: +1.8% residents since 2015–2019
- How long people stay: 15.3% moved in since 2020
- Crowding and facilities: 0.8% of homes have more than 1 person per room (Small sample: wide margin of error)
Grandwood Park against Lake County, its state and the nation
| Grandwood Park | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Residents | 5,262 (±599) | 714,223 (exact) | 12,694,798 (exact) | 334,922,499 |
| Housing units | 2,075 (±291) | 270,618 (±167) | 5,457,452 (±471) | 143,775,355 |
| Households that rent | 12.6% (±4.7 points) | 25.2% (±0.6 points) | 32.9% (±0.2 points) | 34.8% |
| Median gross rent | $1,836 (±$275) | $1,477 (±$29) | $1,274 (±$5) | $1,413 |
| Median household income | $126,736 (±$26,204) | $110,416 (±$1,747) | $83,390 (±$362) | $80,734 |
| Median home value | $330,500 (±$48,469) | $345,700 (±$3,502) | $263,300 (±$797) | $332,700 |
| Median real estate taxes (a year) | $9,729 (±$1,152) | $8,923 (±$108) | $5,298 (±$22) | $3,119 |
| Built before 1980 | 42.7% (±11.9 points) | 46.2% (±0.9 points) | 63.4% (±0.2 points) | 49.7% |
| Average commute | 25.6 minutes (±3.7) | 28.5 minutes (±0.4) | 27.8 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 97.7% (±1.7 points) | 94.3% (±0.4 points) | 90.8% (±0.1 points) | 91.0% |
| Median age of residents | 42.2 years (±4.3) | 39.1 years (±0.2) | 39.0 years (±0.1) | 38.9 years |
Grandwood Park covers 1.4 square miles of land, about 3,642 residents per square mile (Census Bureau Gazetteer).
How Grandwood Park has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 5,170 (±285) | 5,262 (±599) | +1.8% | Not a measurable change |
| Housing units | 1,925 (±87) | 2,075 (±291) | +7.8% | Not a measurable change |
| Median gross rent | $1,504 (±$247) | $1,836 (±$275) | +22.1% | No measurable change after inflation |
| Median home value | $228,500 (±$25,645) | $330,500 (±$48,469) | +44.6% | No measurable change after inflation |
| Median household income | $117,989 (±$14,917) | $126,736 (±$26,204) | +7.4% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,072 (±$242) | $2,854 (±$498) | +37.7% | No measurable change after inflation |
| Median real estate taxes | $6,622 (±$768) | $9,729 (±$1,152) | +46.9% | Up after inflation |
| Households that rent | 16.7% (±5.0 points) | 12.6% (±4.7 points) | −4.1 percentage points | Not a measurable change |
| Rental vacancy rate | 10.4% (±15.6 points) | 10.4% (±7.8 points) | 0.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Lake County
Grandwood Park has no police department of its own in the FBI’s figures, so this is the figure for Lake County as a whole.
In 2025, the police departments that report for Lake County recorded 125 violent and 746 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
Places near Grandwood Park
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Third Lake | 1.8 mi | — | $361,500 | 0.9% |
| Warren Township (Lake County) | 2.6 mi | $1,592 | $325,800 | 26.7% |
| Lindenhurst | 2.6 mi | $1,768 | $294,100 | 14.5% |
| Gages Lake | 2.8 mi | $1,693 | $310,500 | 17.0% |
| Old Mill Creek | 2.9 mi | $1,688 | $450,000 | 56.3% |
| Venetian Village | 3.0 mi | $1,711 | $231,100 | 16.2% |
| Gurnee | 3.1 mi | $1,655 | $344,300 | 23.9% |
| Lake Villa Township | 4.0 mi | $1,666 | $288,700 | 15.0% |
Places in Illinois most like Grandwood Park
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Wayne Township | $1,750 | $371,300 | $136,513 | 8.3% |
| Geneva | $1,768 | $441,400 | $144,341 | 14.9% |
| Frankfort Square | $1,622 | $305,800 | $126,897 | 4.8% |
| Cary | $1,428 | $309,800 | $113,026 | 15.2% |
| Gages Lake | $1,693 | $310,500 | $103,318 | 17.0% |
| Foster Township (Madison County) | $1,719 | $235,000 | $110,625 | 5.9% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Illinois.
HUD Fair Market Rent for Grandwood Park, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,678 | $1,780 | $2,011 | $2,586 | $2,954 |
HUD income limits for Grandwood Park, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $25,550 | $42,550 | $68,050 |
| 2 people | $29,200 | $48,600 | $77,800 |
| 3 people | $32,850 | $54,700 | $87,500 |
| 4 people | $36,450 | $60,750 | $97,200 |
| 5 people | $39,400 | $65,650 | $105,000 |
| 6 people | $44,360 | $70,500 | $112,800 |
| 7 people | $50,040 | $75,350 | $120,550 |
| 8 people | $55,720 | $80,200 | $128,350 |
These are the limits HUD sets for its housing programs in the Chicago-Joliet-Naperville, IL HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $121,500.
A program can use its own limits; tax-credit and local programs often do.
Grandwood Park is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Grandwood Park
What is the average rent in Grandwood Park, IL?
The Census Bureau publishes the median rather than the average: the median gross rent in Grandwood Park is $1,836 (±$275) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Grandwood Park?
The median gross rent for a one-bedroom home in Grandwood Park, IL is $1,369 (±$104) a month (2020–2024 American Community Survey).
Are renters in Grandwood Park rent-burdened?
58.0% of renting households in Grandwood Park pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Grandwood Park?
Grandwood Park has an estimated 247 (±92) renting households, 12.6% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Grandwood Park?
The median household income in Grandwood Park is $126,736 (±$26,204) a year (2020–2024 American Community Survey).
What is the average home value in Grandwood Park, IL?
The Census Bureau publishes the median: $330,500 (±$48,469) for owner-occupied homes in Grandwood Park (2020–2024 American Community Survey).
Is Grandwood Park growing?
In Grandwood Park, the number of residents went from 5,170 in 2015–2019 to 5,262 in 2020–2024 (+1.8%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Grandwood Park CDP, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Grandwood Park CDP, Illinois
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Grandwood Park CDP, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Grandwood Park CDP, Illinois
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Grandwood Park CDP, Illinois
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Grandwood Park CDP, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Grandwood Park CDP, Illinois
- HUD Fair Market Rents, fiscal year 2027: Chicago-Joliet-Naperville, IL HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Chicago-Joliet-Naperville, IL HUD Metro FMR Area
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Grandwood Park CDP, Illinois (place:30900, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .