Explore US City Waukegan, IL - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Waukegan, IL real estate snapshot: Pulse Score 47.97575391142537, cap rate 3%, median price $209,000. Below: live market insights, demographics, crime overview, investment hotspots, and nearby areas.
Pulse Score
C+
Cap Rate
3%
Investor Friendly Score
58%
Median Price
$209,000
Market Insights
The housing market in Waukegan continues to see strong price appreciation, with values up 132.2% compared to last year. The median home price of $209,000 represents a substantial 132.2% increase from this time last year. With 2 active listings, inventory is 100% higher than seasonal norms. Transaction volume is up 100% compared to what's typically expected this time of year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Waukegan market with the affordability index at 26.3. Based on current market indicators, home prices in Waukegan are projected to increase by approximately 35.2% over the next month.
Demographics market for - Waukegan, IL
Total Population -
103,746
White Race
35%
African American Race
17%
Crime for City - Waukegan, IL
Real Estate Market Prediction for - Waukegan, IL
City Hotspots Map
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FAQ about Waukegan, IL
The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate Waukegan, IL for buy-and-hold, fix-and-flip, or short-term rental strategies.
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for Waukegan, IL.
Data sources & further reading
PulseReal’s analysis is built on top of these public, authoritative datasets.
Official UCR crime statistics by state and agency from the FBI.
Population, demographics, housing, and income data from the US Census Bureau.
Encyclopedic overview of the city, history, and notable landmarks.
Housing affordability, fair-market rents, and market reports from HUD.
Local unemployment and employment data from the Bureau of Labor Statistics.
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Does a rental pencil out in Waukegan, IL?
A median-priced home ($209,000) at the average rent ($976/mo), with 25% down at 7.25%, after property tax, insurance, vacancy, repairs, reserves and management.
-$947/mo
Cash flow on a median home
-19.4%
Cash-on-cash return
0.11
DSCR
$2,629/mo
Rent needed for a 1.25 DSCR
$2,657/yr
Landlord insurance, hazard-adjusted