House Prices

Grayland Chicago, IL House Prices & Home Values 2026


Average Data

average house price$372,359
average size per house1572 ft²
average price per ft²254 $ / ft²

04/15/2026 - The value range (VR) for house prices in Grayland Chicago, IL is $241.3/ sqft to $266.7/ sqft. An average home with 1572 sqft costs approximately $405,118 to $447,762. Chicago, IL includes 1 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60641, while the highest are in ZIP 60641. The average price per sqare feet is $254. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Grayland Chicago

60641261 $ / ft²




Historical development of home values in Grayland Chicago

Year Estimated value (USD) Change vs. 2025
2010 $172,930 -53.6%
2011 $166,243 -55.4%
2012 $165,795 -55.5%
2013 $171,992 -53.8%
2014 $180,545 -51.5%
2015 $189,811 -49.0%
2016 $199,716 -46.4%
2017 $210,496 -43.5%
2018 $222,133 -40.3%
2019 $232,433 -37.6%
2020 $244,449 -34.4%
2021 $278,034 -25.3%
2022 $324,126 -13.0%
2023 $341,806 -8.2%
2024 $361,579 -2.9%
2025 $372,359 0.0%

Graph: estimated home values in Grayland Chicago over time (USD)



Example: 100% financing house in Grayland Chicago

Loan amount: $372,359

Interest rate: 6.41%

Fixed monthly payment: $2,331.08

Breakdown in the 1st month:
Interest portion: $1,988.40  –  Principal portion: $342.68

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $23,737.81 $4,235.13 $368,123.87
2 $23,458.31 $4,514.63 $363,609.25
3 $23,160.37 $4,812.57 $358,796.67
4 $22,842.76 $5,130.18 $353,666.49
5 $22,504.18 $5,468.76 $348,197.73
6 $22,143.27 $5,829.67 $342,368.06
7 $21,758.53 $6,214.41 $336,153.65
8 $21,348.41 $6,624.53 $329,529.12
9 $20,911.22 $7,061.72 $322,467.40
10 $20,445.17 $7,527.77 $314,939.63
11 $19,948.37 $8,024.57 $306,915.06
12 $19,418.78 $8,554.16 $298,360.90
13 $18,854.24 $9,118.70 $289,242.20
14 $18,252.44 $9,720.50 $279,521.70
15 $17,610.93 $10,362.01 $269,159.69
16 $16,927.08 $11,045.86 $258,113.83
17 $16,198.10 $11,774.84 $246,338.99
18 $15,421.01 $12,551.93 $233,787.05
19 $14,592.63 $13,380.31 $220,406.74
20 $13,709.58 $14,263.36 $206,143.38
21 $12,768.26 $15,204.68 $190,938.70
22 $11,764.81 $16,208.13 $174,730.57
23 $10,695.14 $17,277.80 $157,452.78
24 $9,554.88 $18,418.06 $139,034.71
25 $8,339.36 $19,633.58 $119,401.13
26 $7,043.62 $20,929.32 $98,471.81
27 $5,662.37 $22,310.57 $76,161.25
28 $4,189.97 $23,782.97 $52,378.27
29 $2,620.39 $25,352.55 $27,025.72
30 $947.22 $27,025.72 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Grayland Chicago, IL


1500 sqft3900 sqft
Ø selling price$492,359$1,047,382
Ø fast selling$447,599$942,644
Ø high price sale$537,119$1,152,120

In 2026, houses in Grayland Chicago, IL will be offered at an average price of $254 per square foot. A 1,500 sqft home priced at $492,359 is 24.56% more expensive per square foot than a 3,900 sqft home priced at $1,047,382. Home prices in Grayland Chicago, IL vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $725,111. Sellers who can wait longer may achieve a higher price of up to $886,246.


Grayland, Chicago IL Neighborhood Guide

Overview

The Grayland area is a historic enclave within Chicago?s Northwest Side, often identified with Old Irving Park and centered around the Metra Grayland Station.
Known for tree-lined streets and a calm, residential vibe, Grayland appeals to commuters and families seeking city convenience with neighborhood charm.

Location & Transit

Located near Milwaukee Avenue and Irving Park Road, the area offers quick access to I-90/94 and CTA bus lines.
The Metra Grayland Station on the Milwaukee District North Line provides fast service to downtown Chicago?s Ogilvie Transportation Center and northern suburbs.

Housing & Architecture

Housing in Grayland spans classic Chicago bungalows, vintage two-flats, and thoughtfully renovated single-family homes, with some newer condo options.

Buyers appreciate its strong value within the Northwest Side real estate market and the neighborhood?s cohesive historic character.

Parks & Recreation

Residents enjoy nearby parks like Kilbourn Park and Independence Park, offering athletic fields, play areas, and community programs.

Dining & Shopping

Dining and shopping flourish along Milwaukee Avenue, Irving Park Road, and the nearby Six Corners district, with cafes, global eateries, and local restaurants and retailers.

Community & Lifestyle

Community groups and seasonal events foster a friendly, engaged atmosphere, while respected public and private schools add to the area?s appeal.

Whether you?re commuting by train or exploring local businesses, Grayland delivers a well-connected, livable slice of Chicago?s Northwest Side.



FAQ – Home Values in Grayland Chicago

What is the median home value in Grayland Chicago in 2026?

In 2026, the typical home value in Grayland Chicago is about $372,359 for an average home size of 1572 square feet. This corresponds to an average price of roughly $254 per square foot.

What is the average cost per square foot in Grayland Chicago?

In 2026, homes in Grayland Chicago sell for an average of around $254 per square foot, with a typical range between $241.3 and $266.7 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Grayland?

The average home size in Grayland Chicago is about 1572 square feet, with an estimated 2026 value around $372,359.



Neighborhoods close to Grayland Chicago, IL

Logan Square Chicago, IL279 $ / ft²
St. Clair Gardens East Saint Louis, IL43 $ / ft²
Chicago Lawn Chicago, IL187 $ / ft²
Tanner Trails North Aurora, IL183 $ / ft²
Downtown Oak Lawn Oak Lawn, IL130 $ / ft²




  imprint  Privacy