In Long Grove, a typical home is worth $804,600 and typical rent is $3,501 a month. Compared with all of Lake County, typical rent is 137% higher, the typical home value is 133% higher, and the share of households that own their home is 21 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $674,963 to $957,890.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Long Grove 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
Long Grove has the highest typical rent of the 331 cities in Illinois with more than 5,000 people: $3,501.
2
Long Grove has the highest typical household income of the 337 cities in Illinois with more than 5,000 people: $250,001.
3
The typical home in Long Grove is worth $804,600,133% more than in Lake County as a whole ($345,700).
4
Long Grove has the 7th highest homeownership rate of the 337 cities in Illinois with more than 5,000 people (96%).
5
Nearby, in Buffalo Grove, the typical home value is $412,300: 49% less than in Long Grove ($804,600).
6
Nearby, in Vernon Hills, the typical rent is $1,903: 46% less than in Long Grove ($3,501).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Long Grove
What homes there are in Long Grove, 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
Long Grove
Lake County
Illinois
United States
Kind of home: Long Grove and its comparisons
Measure
Long Grove
Lake County
Illinois
United States
Detached house
99%
67%
58%
61%
Attached house
Unreliable estimate
10%
6%
6%
Building of 2 to 4
Unreliable estimate
6%
12%
8%
Apartments (5 or more)
Unreliable estimate
16%
22%
19%
Mobile home
Unreliable estimate
2%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Long Grove, 10 in 10 homes are single-family detached houses; in Lake County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Long Grove
Lake County
Illinois
United States
Year built: Long Grove and its comparisons
Measure
Long Grove
Lake County
Illinois
United States
Before 1960
Unreliable estimate
21%
38%
26%
1960–1979
18%
25%
26%
24%
1980–1999
56%
33%
20%
25%
2000–2009
19%
15%
11%
14%
2010 or later
Unreliable estimate
6%
6%
11%
Here half of the homes date from 1988 or later; in Lake County, from 1983 or later.
In Long Grove, 95% of homes have 3 bedrooms or more, more than in Lake County (68%).
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500KUnreliable
$500K–$750K30%
$750K–$1M30%
$1M or more27%
Value of owner-occupied homes: Long Grove and its comparisons
Measure
Long Grove
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
Unreliable estimate
$500K–$750K
30%
$750K–$1M
30%
$1M or more
27%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Long Grove and its comparisons
Measure
Long Grove
Under $500
Unreliable
$500–$999
Unreliable
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
Owners with a mortgage
60%
Lake County: 64%
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Long Grove+24%
Lake County+30%
Illinois+35%
United States+53%
Change since 2015–2019: Long Grove and its comparisons
Measure
Long Grove
Lake County
Illinois
United States
Typical home value
+24%
+30%
+35%
+53%
Typical rent
No data
+23%
+26%
+33%
Typical household income
No data
+24%
+27%
+29%
Homes in Long Grove gained value more slowly than in Lake County: 24% since 2015–2019, against 30%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Long Grove and its comparisons
Measure
Long Grove
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
2.91
2.69
2.46
2.53
Drive alone
58%
66%
66%
69%
Carpool
Unreliable estimate
9%
8%
9%
Public transit
Unreliable estimate
3%
6%
3%
Walk or bike
Unreliable estimate
2%
3%
3%
Work from home
35%
20%
16%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Long Grove has 2.91 people, more than in Lake County (2.69).
In Long Grove, 35% of workers work from home, more than in Lake County (20%).
Do the math
What would you pay each month for a home in Long Grove?
A typical home is tight for the typical income
We start with a typical home in Long Grove, worth $804,600, 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 Long Grove, which is $250,001 a year. For that payment to be 28% of income, a household would need to earn about $294,619 a year. Note: at that price the loan is above the FHA limit for Lake County ($541,287), so FHA would not insure it; the payment is only a reference.
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 Long Grove. 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 $28,161 (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
$6,874
at 7.18% · 30 years
Loan amount
$790,027
Total interest
$1,136,663
Paid off in
November 2056
Includes $13,588 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $5,833 a month
Tight
$5,833 to $7,500 a month
Your payment · 33%
Hard
more than $7,500 a month
Compared with the typical household income in Long Grove ($250,001 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$5,352
Property tax
$831
Home insurance
$335
FHA mortgage insurance (MIP)
$356
This loan is over the FHA limit
You'd borrow $776,439, but the FHA limit for a one-unit home in Long Grove is $541,287. You'd need a bigger down payment or a different loan.
You need at least $28,161 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 $6,874; principal and interest $5,352.
The city and its county
Long Grove and Lake County
Long Grove 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).
Long Grove
Map of Lake County, Illinois, with Long Grove marked. Around it, the neighboring counties.
Long Grove
Lake County
Other cities with a page
Long Grove's own numbers
Typical home value
$804,600
Typical monthly rent
$3,501
Typical yearly household income
$250,001
Households that own their home
96%
Effective property tax rate
1.24%
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 Long Grove is worth $804,600: 133% above the county and 206% above Illinois. With the typical household income in Long Grove ($250,001 a year), a typical home costs 3.2 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.
Long Grove3.2 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
Long Grove 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
Long Grove$804,600
Lake$345,700
Illinois$263,300
United States$332,700
Typical monthly rent
Long Grove$3,501
Lake$1,477
Illinois$1,274
United States$1,413
Typical yearly household income
Long Grove$250,001
Lake$110,416
Illinois$83,390
United States$80,734
See the full table
Long Grove next to Lake County and Illinois
Measure
Long Grove
Lake County
Illinois
U.S.
Typical home value
$804,600 ▲133% above the county
$345,700
$263,300
$332,700
Typical monthly rent
$3,501 ▲137% above the county
$1,477
$1,274
$1,413
Typical yearly household income
$250,001 ▲126% above the county
$110,416
$83,390
$80,734
Households that own their home
96% ▲21 points above the county
75%
67%
65%
Typical yearly property tax
$10,001 ▲12% above the county
$8,923
$5,298
$3,119
Effective property tax rate
1.24% ▼1.34 points below the county
2.58%
2.01%
0.94%
“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 Long Grove
For a typical $804,600 home in Long Grove, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Long Grove's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$6,874a month
Above the FHA limit for Lake County ($541,287)
Down payment
$28,161
Cash to close
$52,299
Rate
7.18%
Mortgage insurance
FHA MIP · $356
Conventional, 5% down$6,727a month
Least cash to close
Down payment
$40,230
Cash to close
$64,368
Rate
7.18%
Mortgage insurance
PMI · $382
Conventional, 20% down, no PMI$5,527a month
Down payment
$160,920
Cash to close
$185,058
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$6,271a month
Down payment
$120,690
Cash to close
$144,828
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Long Grove
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Above the FHA limit for Lake County ($541,287)
$6,874
$28,161
$790,027
7.18%
FHA MIP · $356
$52,299
580
Conventional, 5% down Least cash to close
$6,727
$40,230
$764,370
7.18%
PMI · $382
$64,368
620*
Conventional, 20% down, no PMI
$5,527
$160,920
$643,680
7.18%
None
$185,058
620*
ITIN, 15% down (example)
$6,271
$120,690
$683,910
8.18%
None
$144,828
Set by the lender
The option that asks for the least cash to close is Conventional, 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 Long Grove is $3,501 a month: 137% above the county.
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 Long Grove
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Long Grove is in ZIP code 60047.
For 2 bedrooms it is $2,640: $629 more than the fair market rent for Lake County ($2,011).
Fair market rent by ZIP code and size in Long Grove, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
60047
$2,200
$2,340
$2,640
$3,400
$3,880
ZIP code2 bd3 bd
60047 $2,640$3,400
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Long Grove 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 Long Grove or Lake County. The ones below are statewide in Illinois: they work in Long Grove 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 Long Grove 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 Long Grove 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 Long Grove?
The typical home value in Long Grove is $804,600, 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 Long Grove?
Typical rent in Long Grove is $3,501 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 Long Grove?
Long Grove 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 Long Grove?
The typical homeowner in Long Grove pays $10,001 a year, according to the U.S. Census Bureau. That is 1.24% of the home’s value; in Lake County, the rate is 2.58%.
Where can I find free help to buy or rent in Long Grove?
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.
