In Gurnee, a typical home is worth $344,300 and typical rent is $1,655 a month. Compared with all of Lake County, typical rent is 12% higher and typical household income is 8% higher.
Typical home value from Zillow, September 2021 to September 2026: from $287,065 to $381,151.
Typical rent
$1,944a month
▲ 3.8% more than 12 months ago
Typical rent from Zillow, March 2022 to September 2026: from $1,555 to $1,944.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Gurnee is in Lake County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lake County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Waukegan, the typical home value is $190,900: 45% less than in Gurnee ($344,300).
2
Nearby, in Park City, the typical rent is $1,110: 33% less than in Gurnee ($1,655).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Gurnee
What homes there are in Gurnee, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Gurnee
Lake County
Illinois
United States
Kind of home: Gurnee and its comparisons
Measure
Gurnee
Lake County
Illinois
United States
Detached house
62%
67%
58%
61%
Attached house
14%
10%
6%
6%
Building of 2 to 4
4%
6%
12%
8%
Apartments (5 or more)
21%
16%
22%
19%
Mobile home
Unreliable estimate
2%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Gurnee, 6 in 10 homes are single-family detached houses; in Lake County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or later
Gurnee
Lake County
Illinois
United States
Year built: Gurnee and its comparisons
Measure
Gurnee
Lake County
Illinois
United States
Before 1960
6%
21%
38%
26%
1960–1979
15%
25%
26%
24%
1980–1999
59%
33%
20%
25%
2000–2009
14%
15%
11%
14%
2010 or later
7%
6%
6%
11%
Here half of the homes date from 1992 or later; in Lake County, from 1983 or later.
By size, homes in Gurnee look like those in Lake County: 67% have 3 bedrooms or more.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K12%
$200K–$300K22%
$300K–$500K51%
$500K–$750K13%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Gurnee and its comparisons
Measure
Gurnee
Under $100K
Unreliable estimate
$100K–$200K
12%
$200K–$300K
22%
$300K–$500K
51%
$500K–$750K
13%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99910%
$1,000–$1,49922%
$1,500–$1,99937%
$2,000–$2,49916%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Gurnee and its comparisons
Measure
Gurnee
Under $500
Unreliable estimate
$500–$999
10%
$1,000–$1,499
22%
$1,500–$1,999
37%
$2,000–$2,499
16%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$2,431 a month
Lake County: $2,503 a month
Without a mortgage
$1,063 a month
Lake County: $1,088 a month
Owners with a mortgage
67%
Lake County: 64%
In Gurnee, 67% of owners have a mortgage; their typical cost is $2,431 a month, about the same as in Lake County.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Gurnee+33%
Lake County+30%
Illinois+35%
United States+53%
Typical rent
Gurnee+37%
Lake County+23%
Illinois+26%
United States+33%
Typical household income
Gurnee+25%
Lake County+24%
Illinois+27%
United States+29%
Change since 2015–2019: Gurnee and its comparisons
Measure
Gurnee
Lake County
Illinois
United States
Typical home value
+33%
+30%
+35%
+53%
Typical rent
+37%
+23%
+26%
+33%
Typical household income
+25%
+24%
+27%
+29%
From 2015–2019 to 2020–2024, home values in Gurnee rose at about the same pace as in Lake County: 33% against 30%.
Rents in Gurnee rose faster than in Lake County: 37% since 2015–2019, against 23%.
Housing prices ran ahead of income in Gurnee: typical income rose 25%, against +33% for home values and +37% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Gurnee and its comparisons
Measure
Gurnee
Lake County
Illinois
United States
Rental vacancy
Unreliable estimate
3.7%
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
0.9%
1.0%
0.9%
More than one person per room
Unreliable estimate
2.9%
2.5%
3.4%
People per household
2.59
2.69
2.46
2.53
Drive alone
70%
66%
66%
69%
Carpool
8%
9%
8%
9%
Public transit
1%
3%
6%
3%
Walk or bike
Unreliable estimate
2%
3%
3%
Work from home
19%
20%
16%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Much as in Lake County, a household in Gurnee has 2.59 people on average.
To get to work, 70% of workers in Gurnee drive alone; in Lake County, 66%.
Do the math
What would you pay each month for a home in Gurnee?
A typical home is tight for the typical income
We start with a typical home in Gurnee, worth $344,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 33% of the typical household income in Gurnee, which is $119,628 a year. For that payment to be 28% of income, a household would need to earn about $141,197 a year.
The calculator's FHA and conventional loan limits are those of all of Lake County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Gurnee. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $12,051 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,295
at 7.18% · 30 years
Loan amount
$338,063
Total interest
$486,394
Paid off in
November 2056
Includes $5,814 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,791 a month
Tight
$2,791 to $3,589 a month
Your payment · 33%
Hard
more than $3,589 a month
Compared with the typical household income in Gurnee ($119,628 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,290
Property tax
$709
Home insurance
$144
FHA mortgage insurance (MIP)
$152
You need at least $12,051 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,295; principal and interest $2,290.
The city and its county
Gurnee and Lake County
Gurnee is in Lake County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Gurnee
Map of Lake County, Illinois, with Gurnee marked. Around it, the neighboring counties.
Gurnee
Lake County
Other cities with a page
Gurnee's own numbers
Typical home value
$344,300
Typical monthly rent
$1,655
Typical yearly household income
$119,628
Households that own their home
76%
Effective property tax rate
2.47%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Lake County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lake County.
A typical home in Gurnee is worth $344,300: about the same as the county and 31% above Illinois. With the typical household income in Gurnee ($119,628 a year), a typical home costs 2.9 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Gurnee2.9 years
Lake3.1 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Lake County
According to FHFA’s house price index, home prices in Lake County rose 66% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Lake County.
Yearly change in FHFA’s price index in Lake County, 2016 to 2025
2016: +2.3% +2.3% 2016
2017: +1.8% +1.8% 2017
2018: +1.3% +1.3% 2018
2019: +1.9% +1.9% 2019
2020: +0.5% +0.5% 2020
2021: +8.3% +8.3% 2021
2022: +13.8% +13.8% 2022
2023: +9.0% +9.0% 2023
2024: +7.6% +7.6% 2024
2025: +6.7% +6.7% 2025
Change in FHFA’s price index in Lake County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+6.7%
+5.7%
+2.9%
5 years (2020–2025)
+54%
+47%
+47%
10 years (2015–2025)
+66%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Gurnee next to Lake County, Illinois and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Gurnee$344,300
Lake$345,700
Illinois$263,300
United States$332,700
Typical monthly rent
Gurnee$1,655
Lake$1,477
Illinois$1,274
United States$1,413
Typical yearly household income
Gurnee$119,628
Lake$110,416
Illinois$83,390
United States$80,734
See the full table
Gurnee next to Lake County and Illinois
Measure
Gurnee
Lake County
Illinois
U.S.
Typical home value
$344,300
$345,700
$263,300
$332,700
Typical monthly rent
$1,655 ▲12% above the county
$1,477
$1,274
$1,413
Typical yearly household income
$119,628 ▲8% above the county
$110,416
$83,390
$80,734
Households that own their home
76% ▲1 points above the county
75%
67%
65%
Typical yearly property tax
$8,491 ▼5% below the county
$8,923
$5,298
$3,119
Effective property tax rate
2.47% ▼0.11 points below the county
2.58%
2.01%
0.94%
Renters with high rent for their income
54% ▲4 points above the county
49%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lake County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Gurnee
For a typical $344,300 home in Gurnee, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Gurnee's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,295a month
Least cash to close
Down payment
$12,051
Cash to close
$22,380
Rate
7.18%
Mortgage insurance
FHA MIP · $152
Conventional, 5% down$3,231a month
Down payment
$17,215
Cash to close
$27,544
Rate
7.18%
Mortgage insurance
PMI · $164
Conventional, 20% down, no PMI$2,718a month
Down payment
$68,860
Cash to close
$79,189
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,036a month
Down payment
$51,645
Cash to close
$61,974
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Gurnee
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,295
$12,051
$338,064
7.18%
FHA MIP · $152
$22,380
580
Conventional, 5% down
$3,231
$17,215
$327,085
7.18%
PMI · $164
$27,544
620*
Conventional, 20% down, no PMI
$2,718
$68,860
$275,440
7.18%
None
$79,189
620*
ITIN, 15% down (example)
$3,036
$51,645
$292,655
8.18%
None
$61,974
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Gurnee is $1,655 a month: 12% above the county. In Gurnee, 54% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Lake County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Lake County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,678
$32.27
$67,120
1 bedroom
$1,780
$34.23
$71,200
2 bedrooms
$2,011
$38.67
$80,440
3 bedrooms
$2,586
$49.73
$103,440
4 bedrooms
$2,954
$56.81
$118,160
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Gurnee
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Gurnee is in ZIP code 60031.
For 2 bedrooms it is $2,310: $299 more than the fair market rent for Lake County ($2,011).
Fair market rent by ZIP code and size in Gurnee, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
60031
$1,930
$2,040
$2,310
$2,970
$3,390
ZIP code2 bd3 bd
60031 $2,310$2,970
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Gurnee when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Lake County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Gurnee or Lake County. The ones below are statewide in Illinois: they work in Gurnee the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for Gurnee or Lake County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Gurnee and all of Lake County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Gurnee?
The typical home value in Gurnee is $344,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lake County it is $345,700.
How much does it cost to rent in Gurnee?
Typical rent in Gurnee is $1,655 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lake County is $2,011.
What is the FHA loan limit in Gurnee?
Gurnee uses the FHA limit for all of Lake County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Gurnee?
The typical homeowner in Gurnee pays $8,491 a year, according to the U.S. Census Bureau. That is 2.47% of the home’s value; in Lake County, the rate is 2.58%.
Where can I find free help to buy or rent in Gurnee?
There are 2 HUD-approved counseling agencies with an office in Lake County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
