What is the median home value in Grandwood Park, IL?

Name: Home values in Grandwood Park, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Grandwood Park, IL is $330,500 (±$48,469), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Grandwood Park, the median home value went from $228,500 in 2015–2019 to $330,500 in 2020–2024 (+44.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $330,500 (±$48,469)
Owner-occupied homes: 1,719 (±295)
Most common range: $300,000 to $499,999

Home values in Grandwood Park

Owner-occupied homes by value, 2020–2024
Value	Grandwood Park	Lake County	Illinois	United States
Less than $50,000	1.7% (±1.4 points)	3.0%	5.4%	5.3%
$50,000 to $99,999	0.0% (±2.2 points)	1.5%	8.3%	6.1%
$100,000 to $149,999	0.5% (±0.8 points)	4.7%	9.7%	6.8%
$150,000 to $199,999	4.7% (±2.4 points)	11.0%	11.8%	9.0%
$200,000 to $299,999	37.2% (±11.6 points)	21.7%	22.3%	17.8%
$300,000 to $499,999	41.8% (±10.3 points)	31.4%	27.7%	26.9%
$500,000 to $999,999	14.1% (±5.0 points)	21.4%	12.1%	20.9%
$1,000,000 or more	0.0% (±2.2 points)	5.4%	2.7%	7.1%

The most common range is $300,000 to $499,999, 41.8% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Grandwood Park against Lake County, its state and the nation

Estimate (90% margin of error)
	Grandwood Park	Lake County	Illinois	United States
Median home value	$330,500 (±$48,469)	$345,700 (±$3,502)	$263,300 (±$797)	$332,700
Owner-occupied homes	1,719 (±295)	193,403 (±1,802)	3,378,910 (±14,728)	84,210,142

In Grandwood Park, the median home value is not measurably different from Lake County ($345,700).

It is also higher than in Illinois ($263,300).

It is not measurably different from the national figure ($332,700).

In Lake County, Grandwood Park ranks 39 of 71 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 229 of 2,652.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Grandwood Park have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$228,500 (±$25,645)	$330,500 (±$48,469)	+44.6%	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

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.

Median home value in places near Grandwood Park

Nearest places with a published estimate, compared with Grandwood Park
Place	Distance	Median home value	Compared with this place
Grandwood Park	—	$330,500 (±$48,469)	—
Third Lake	1.8 mi	$361,500 (±$12,841)	Not measurably different
Warren Township (Lake County)	2.6 mi	$325,800 (±$7,472)	Not measurably different
Lindenhurst	2.6 mi	$294,100 (±$11,597)	Not measurably different
Gages Lake	2.8 mi	$310,500 (±$16,099)	Not measurably different
Old Mill Creek	2.9 mi	$450,000 (±$126,473)	Not measurably different
Venetian Village	3.0 mi	$231,100 (±$24,452)	Lower
Gurnee	3.1 mi	$344,300 (±$9,156)	Not measurably different
Lake Villa Township	4.0 mi	$288,700 (±$7,729)	Not measurably different

Nearby places with a measurably lower figure: Venetian Village, IL ($231,100).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Lake County, place by place

Rank	Place	Median home value
33	Third Lake	$361,500 (±$12,841)
34	Lake Villa	$351,700 (±$13,713)
35	Newport Township	$350,100 (±$15,322)
36	Forest Lake	$346,400 (±$97,119)
37	Fremont Township	$344,600 (±$13,129)
38	Gurnee	$344,300 (±$9,156)
39	Grandwood Park	$330,500 (±$48,469)
40	Warren Township (Lake County)	$325,800 (±$7,472)
41	Volo	$319,700 (±$23,451)
42	Gages Lake	$310,500 (±$16,099)
43	Mundelein	$309,700 (±$17,095)
44	Grayslake	$309,500 (±$15,964)
45	Antioch	$306,700 (±$14,493)

Showing 13 of 71 places in Lake County, ranked from highest to lowest.

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 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).

Have home values in Grandwood Park gone up?

In Grandwood Park, the median home value went from $228,500 in 2015–2019 to $330,500 in 2020–2024 (+44.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Grandwood Park sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

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 B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.