Grand Estates, Gurnee, IL
Grand Estates — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Grand Estates, Gurnee, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Grand Estates Neighborhood Overview
Grand Estates is a residential neighborhood located in Gurnee, Illinois, within ZIP code 60031. Positioned near the coordinates 42.3669, -87.9452, it offers a suburban living experience within Lake County. The community is characterized by its family-friendly atmosphere and well-maintained homes.
Lifestyle & Amenities
Residents enjoy a quiet, suburban lifestyle with convenient access to local parks and shopping. The neighborhood's proximity to major attractions like Gurnee Mills Mall and Six Flags Great America provides ample options for entertainment and recreation. Daily needs are easily met with various retailers and dining establishments located a short drive away.
Real Estate Market
The real estate market in Grand Estates features primarily single-family homes. According to Census data, the median home value is $308,300, while current market metrics show an asking price per square foot of approximately $209.73. This indicates a stable and desirable housing market within the Gurnee area.
Schools & Education
Families in Grand Estates are served by the highly regarded Gurnee School District 56 and Woodland Community Consolidated School District 50. These districts are known for their strong academic programs and extracurricular activities. The area provides access to quality public education from elementary through high school.
Transportation & Connectivity
The neighborhood offers excellent connectivity via major roadways like Interstate 94 and Route 132. This provides residents with straightforward commutes to employment centers in Lake County, northern Illinois, and southeastern Wisconsin. While primarily car-dependent, the area's layout facilitates easy travel throughout the region.
Why Choose Grand Estates
Grand Estates is an ideal choice for families and professionals seeking a peaceful suburban community with a high median household income of $108,424. It balances residential tranquility with convenient access to shopping, major employers, and world-class entertainment. The combination of quality schools, stable housing, and a prime location makes it a compelling place to call home.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Grand Estates Market Data
| Metric | Value |
|---|---|
| Median Home Price | $308K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $108K |
| Homeownership Rate | 75.3% |
| Renter-Occupied | 24.7% |
| Rental Vacancy Rate | 4.4% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 60031 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Grand Estates, Gurnee
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Grand Estates, Gurnee, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-14