Condos Homes in Gurnee, IL

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Gurnee, IL Foreclosures

How much do homes sell for in Gurnee, IL?
The average home price is currently $328,530.
In Gurnee, IL, how many homes are available?
There are currently 12,381 active home listings available in Gurnee.
What’s the average rental cost in Gurnee, IL?
The average rental price in Gurnee is $1,906.
What is the most expensive home in Gurnee, Illinois?
The most expensive home sold in Gurnee had a price of $2,612,400.
What is currently the cheapest priced home in Gurnee, IL?
The cheapest home for sale in Gurnee is priced at $15,626.

Home Value Estimator For Gurnee, IL

There are currently 12,381 real estate properties in Gurnee, IL, with a median automated valuation model (AVM) price of $319,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gurnee, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Gurnee, IL, is $328,530.00, with the most expensive house in Gurnee, IL, topping out at $2,612,400.00 and the cheapest home in Gurnee, IL, clocking in at $15,626.00. In other words, there’s something for every potential homebuyer or savvy investor in Gurnee, IL!

Rent Prices In Gurnee, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gurnee, IL, is on a rollercoaster ride. The average rent price in Gurnee, IL, is $1,906.00. Indeed, when looking to rent in Gurnee, IL, you can expect to pay as little as $850.00 or as much as $4,380.00, with the average rent median estimated to be $1,840.00. The good news is that finding an affordable and desirable property to rent in Gurnee, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Gurnee, IL In 2024

Gurnee is located in Lake, Illinois, with an estimated municipal population of 30,378 residents. All of the best foreclosed homes for sale in Gurnee are located in the following zip code areas on 60031. The estimated population per square kilometer (.62 miles) in Gurnee is 868.

Cost Of Living In Gurnee, IL

So, about how much do homes cost in Gurnee? The most recent median value of resident-owned homes in Gurnee is 260,138. An estimated 68.8 percent of households in Gurnee own their homes, with an average family size of 3.28. The median household income in Gurnee is 96,104, with47.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Gurnee, the median commute time of resident workers (in minutes) is 28.1. And last, but certainly not least, are you looking for homes to rent in Gurnee? If so, the average rent price paid by renters in Gurnee is 1,210, according to recent statistics.

Diversity And Demographics In Gurnee, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Gurnee, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Gurnee is 40.3, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Gurnee is 52.7, with an average family size of 3.28.

The percentage of residents who report their race in Gurnee is as follows:

White 72.7%
Black / African American 7.9%
Asian 11.6%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.9%
Other 3.2%

Looking for family-friendly neighborhoods in and/or near Gurnee? Or maybe you are searching for 55+ active adult communities in and/or near Gurnee?

The percentage of residents who report their age in Gurnee is as follows:

Under 10 10.7%
Aged 10-19 14.9%
20s 13.1%
30s 10.7%
40s 14.1%
50s 16.8%
60s 11.1%
70s 5.6%
80+ 2.8%

Best Schools In Gurnee, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Gurnee with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Gurnee.

Pros And Cons Of Living In Gurnee, Illinois

How do you know that living in -- or moving to -- Gurnee is right where you need to be? Perhaps you grew up in Gurnee or already live nearby; therefore, the decision to buy a home in Gurnee is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Gurnee for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Gurnee:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Gurnee.

Reasons To Move To Gurnee, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Gurnee can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Gurnee, meanwhile, can field multiple offers from more qualified buyers.

Gurnee, IL Condos Foreclosures


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