Foreclosures in Waukegan, IL

Current Market Conditions in Waukegan, IL

Waukegan's real estate market is experiencing a steady increase in both home prices and sales volume as demand continues to rise. The area remains attractive to first-time homebuyers due to the competitively priced homes, contributing to a vibrant market atmosphere with a variety of options for potential investors.

Recent trends indicate a growing interest in Waukegan due to its proximity to Chicago and affordability relative to neighboring areas. The city's commitment to community development, alongside improvements in local amenities and infrastructure, has further enhanced its appeal in recent months.

Rent Prices In Waukegan, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Waukegan, IL, is on a rollercoaster ride. The average rent price in Waukegan, IL, is $1,267.00. Indeed, when looking to rent in Waukegan, IL, you can expect to pay as little as $580.00 or as much as $4,320.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Waukegan, 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.