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2024 Compare Cities Housing:
Lake Zurich, IL vs Grayslake, IL

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Highlights
- The median age of a home in Lake Zurich is 27.0% older than the median age of a home in Grayslake.

Housing
 Lake Zurich, ILGrayslake, ILUnited States
 Median Home Age372742
 Median Home Cost$382,900$280,800$338,100
 Home Appr. Last 12 months14.5%14.5%16.6%
 Home Appr. Last 5 yrs.31.8%31.8%57.0%
 Home Appr. Last 10 yrs.54.6%54.6%101.1%
 Property Tax Rate$23.6$28.8$11.0
 Homes Owned77.0%70.7%57.4%
 Housing Vacant4.2%4.1%11.2%
 Homes Rented18.8%25.3%31.4%
 space
 Avg Rent For Home Or Apartment
 Lake Zurich, ILGrayslake, ILUnited States
 Average Rent$2,500$1,960$1,840
 Studio Apartment$1,600$1,260$1,080
 1 Bedroom Home or Apartment$1,740$1,370$1,180
 2 Bedroom Home or Apartment$1,990$1,570$1,430
 3 Bedroom Home or Apartment$2,540$1,990$1,860
 4 Bedroom Home or Apartment$3,020$2,370$2,160
 space1
 Vacant Housing
 Lake Zurich, ILGrayslake, ILUnited States
 Vacant For Rent0.8%1.4%1.9%
 Vacant Rented0.0%0.0%0.4%
 Vacant For Sale1.6%1.3%0.7%
 Vacant Sold0.0%0.0%0.4%
 Vacant Vacation0.5%0.8%3.6%
 Vacant Other1.3%0.5%4.1%
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 Owner-Occupied Housing Value
 Lake Zurich, ILGrayslake, ILUnited States
 Less Than $20,0000.6%0.7%2.6%
 $20,000 to $39,9990.8%0.3%2.4%
 $40,000 to $59,9990.1%1.3%2.8%
 $60,000 to $79,9990.3%0.1%3.9%
 $80,000 to $99,9990.3%1.5%4.5%
 $100,000 to $149,9991.0%4.8%11.3%
 $150,000 to $199,9994.5%18.8%13.0%
 $200,000 to $299,99924.7%44.0%20.1%
 $300,000 to $399,99934.3%21.5%13.6%
 $400,000 to $499,99924.4%5.4%8.3%
 $500,000 to $749,9997.5%1.0%9.7%
 $750,000 to $999,9990.2%0.2%3.9%
 $1,000,000 to $1,499,9991.2%0.6%2.2%
 $1,500,000 to $1,999,9990.0%0.0%0.8%
 $2,000,000 and over0.1%0.0%1.1%
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 Housing Units By Year Built
 Lake Zurich, ILGrayslake, ILUnited States
 2015 and Newer0.3%0.1%0.2%
 2010 to 201410.3%18.1%13.6%
 2000 to 200910.3%18.1%13.6%
 1990 to 199916.0%46.1%13.6%
 1980 to 198930.8%9.2%13.2%
 1970 to 197923.5%7.4%14.8%
 1960 to 196916.0%46.1%13.6%
 1950 to 19595.7%5.5%10.0%
 1940 to 19490.7%2.4%4.7%
 1939 or Earlier1.8%4.3%12.2%

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Reviews for Lake Zurich    6 Reviews

The suburb provides convenient access to the Chicago Metro features, as well as the comfort of a small bedroom  More

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LZ downtown revitalization is at a standstill...with townhomes built and not selling..plus our gateway building may never be built due to disagreements on funding by the  More

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Over 17 years ago

Lake Zurich is in the midst of a retro revitalization. They have moved the major highway out from downtown and are building condos, shops and apartments. This by  More

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Reviews for Grayslake    3 Reviews

Over 10 years ago

Property tax is one of the highest in the nation a $220000 home will cost you $10980 in taxes annually as of 9/2014 This information can be verified on the  More

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Grayslake weather is very difficult to enjoy outdoor activities. In summer, it is SO humid and hot and full of mosquitos that you cannot enjoy a beautiful summer night.  More

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Over 14 years ago

3% of home value annually/ A $300,000 home will cost you 10K in annual property taxes. Where does it all  More

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