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The median home value in Waukegan, IL is $249,468 as of 2026-07-31, up 7.0% from a year earlier.
Median Home Value
$249,468
Year-over-Year
+7.0%
Population
87,155
Waukegan ranks #187 of 279 Illinois cities tracked here by median home value, and sits 21.8% below the state's city median of $319,026. It sits in Lake County, where the county-wide median is $401,229.
Median household income in Waukegan is $71,919, so the typical home value is about 3.5× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Waukegan police recorded a violent crime rate of 445 per 100,000 residents in 2024 — higher than most cities that report to the FBI. Property crime runs at 1,614 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Waukegan, that value is $249,468. That's up 7.0% from a year earlier. It is about 21.8% below the typical Illinois city tracked here.
Homes in Waukegan are cheaper than Lake County as a whole, where the median is $401,229 — a difference of about 37.8%.
Median household income here is $71,919, so the typical home value is about 3.5× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Waukegan police reported 445 violent crimes per 100,000 residents, covering a population of about 87,155. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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