Gurnee, Illinois.
Typical home $381,151 (+5.3% in a year), asking rent $1,944 (+3.8%). Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$1,100 (+122%) since Jan 2020.
- 1 year
- Up $19,269 +5%
- $361,882$381,151 since Sep 2025
- 5 years
- Up $94,085 +33%
- $287,065$381,151 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Gurnee$2,001
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Gurnee, IL rose 5.3% over the past year — faster than the nation's +1.2%.
Asking rents in Gurnee, IL rose 3.8% over the past year — faster than the nation's +2.7%.
Owning the typical home in Gurnee runs $1,284/mo more than renting one — the widest that gap has been in this data.
That is $3,228 a month against $1,944 rent: a $2,001 mortgage payment, plus $820 property tax and $408 insurance & upkeep.
Owning vs renting — Gurnee
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,228
- Renting$1,944
- Mortgage only$2,001
Property tax · $820/mo 2.58% of value a year — the ACS 2020-2024 median bill over the median home value for Lake County, IL
Insurance & upkeep · $408/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Gurnee, Lake County, Illinois
Gurnee is a village of 30,706 people in Lake County. Half its households earn more than $119,628 a year and half less, against $110,416 across Lake County; 5% of its people live below the poverty line. 76% of its homes are lived in by their owners and 24% are rented. Unemployment in Gurnee was 3.8% in August 2026, and Lake County had 1.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Gurnee is a village in Lake County, Illinois, home to a sizeable population. Residents tend to be somewhat older than the typical American, and most households own the home they live in. Incomes run above the county's, fewer people live below the poverty line than in many places, and a good share of adults hold a four-year degree. Winters are cold, with January highs staying near freezing, and summers are warm, with July the warmest month.
Work. Many residents work in schools, hospitals and social care, with manufacturing, shops and professional and business services also employing a lot of people. Among the largest workplaces in Gurnee are Woodland CCSD 50 Schools, Great Wolf Lodge Illinois and Gurnee SD 56. Unemployment is a little lower than it was a year ago, though across Lake County there are slightly fewer jobs than the year before. The commute is a fairly long one, and a noticeable share of people work from home.
Things to do. Six Flags Great America, an amusement park, sits in or beside town, along with several of its well-known rides such as Raging Bull and Goliath. For a quieter outing, the Chicago Botanic Garden is a botanical garden a longer drive away.
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- 11,779households
- 57%of adults have a degree
- 5%below the poverty line
- 27 mintypical commute
- 19%work from home
What residents work in
Employed residents by industry, from the Census survey. Lake County had 325,826 jobs in 2025, 1.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 30° and lows near 16°; warmest in July, with highs near 82° and lows near 63°.
Average daily high and low, 1991–2020, at the Waukegan weather station, 3 miles away (NOAA).
Largest workplaces in Gurnee
- Woodland CCSD 50School district789FTE
- Great Wolf Lodge IllinoisHotels524
- Gurnee SD 56School district326FTE
- WalmartWarehouse clubs and supercenters325
- CC Intermediate HoldingsDetergents manufacturing320
- Domino AmjetDigital printing presses manufacturing290
- Gurnee Park DistrictCommunity recreation programs, government281
- Jewel Food StoresSupermarkets and other grocery stores220
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 41 workplaces with 20 or more staff, 4,403 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- TornadoesRelatively high
- Strong windrelatively high in parts of GurneeRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Gurnee’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lake County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Gurnee home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Gurnee$381,151
- Illinois$295,943
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Gurnee listings, and the typical home goes pending in 14 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Gurnee24.49%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Gurnee14
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Gurnee99
New listings per month
Sellers arriving at the market.
- Gurnee48
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Gurnee$348,871
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Gurnee101.05%
Zip codes with a Gurnee address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Gurnee — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.