House Prices

Downtown Waukegan Waukegan, IL House Prices & Home Values 2026


Average Data

average house price$139,103
average size per house1403 ft²
average price per ft²98 $ / ft²

04/05/2026 - The value range (VR) for house prices in Downtown Waukegan Waukegan, IL is $93.1/ sqft to $102.9/ sqft. An average home with 1403 sqft costs approximately $128,791 to $142,348. Waukegan, IL includes 1 ZIP codes and it is located in Lake county. The lowest prices are found in ZIP 60085, while the highest are in ZIP 60085. The average price per sqare feet is $98. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes Downtown Waukegan Waukegan

6008593 $ / ft²




Historical development of home values in Downtown Waukegan Waukegan

Year Estimated value (USD) Change vs. 2025
2010 $64,602 -53.6%
2011 $62,104 -55.4%
2012 $61,937 -55.5%
2013 $64,252 -53.8%
2014 $67,446 -51.5%
2015 $70,908 -49.0%
2016 $74,609 -46.4%
2017 $78,635 -43.5%
2018 $82,983 -40.3%
2019 $86,831 -37.6%
2020 $91,319 -34.4%
2021 $103,866 -25.3%
2022 $121,084 -13.0%
2023 $127,689 -8.2%
2024 $135,076 -2.9%
2025 $139,103 0.0%

Graph: estimated home values in Downtown Waukegan Waukegan over time (USD)



Example: 100% financing house in Downtown Waukegan Waukegan

Loan amount: $139,103

Interest rate: 5.92%

Fixed monthly payment: $826.50

Breakdown in the 1st month:
Interest portion: $685.78  –  Principal portion: $140.72

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $8,182.79 $1,735.16 $137,367.84
2 $8,077.30 $1,840.64 $135,527.20
3 $7,965.41 $1,952.53 $133,574.67
4 $7,846.71 $2,071.23 $131,503.44
5 $7,720.80 $2,197.14 $129,306.30
6 $7,587.24 $2,330.71 $126,975.59
7 $7,445.55 $2,472.39 $124,503.19
8 $7,295.25 $2,622.69 $121,880.50
9 $7,135.82 $2,782.13 $119,098.38
10 $6,966.69 $2,951.26 $116,147.12
11 $6,787.28 $3,130.66 $113,016.46
12 $6,596.96 $3,320.98 $109,695.48
13 $6,395.08 $3,522.86 $106,172.61
14 $6,180.92 $3,737.02 $102,435.59
15 $5,953.75 $3,964.20 $98,471.39
16 $5,712.76 $4,205.19 $94,266.20
17 $5,457.12 $4,460.82 $89,805.38
18 $5,185.95 $4,732.00 $85,073.38
19 $4,898.28 $5,019.66 $80,053.72
20 $4,593.13 $5,324.81 $74,728.91
21 $4,269.44 $5,648.51 $69,080.40
22 $3,926.06 $5,991.89 $63,088.52
23 $3,561.81 $6,356.14 $56,732.38
24 $3,175.41 $6,742.53 $49,989.85
25 $2,765.53 $7,152.42 $42,837.43
26 $2,330.73 $7,587.22 $35,250.21
27 $1,869.49 $8,048.45 $27,201.76
28 $1,380.22 $8,537.72 $18,664.04
29 $861.21 $9,056.74 $9,607.30
30 $310.64 $9,607.30 $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 Downtown Waukegan Waukegan, IL


1500 sqft3900 sqft
Ø selling price$175,380$373,081
Ø fast selling$159,437$335,773
Ø high price sale$191,324$410,389

In 2026, houses in Downtown Waukegan Waukegan, IL will be offered at an average price of $98 per square foot. A 1,500 sqft home priced at $175,380 is 22.68% more expensive per square foot than a 3,900 sqft home priced at $373,081. Home prices in Downtown Waukegan Waukegan, 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 $258,287. Sellers who can wait longer may achieve a higher price of up to $315,684.


Downtown Waukegan Neighborhood Guide

Overview

Downtown Waukegan in Waukegan, IL is a historic lakefront district blending culture, commerce, and community.
Centered around the iconic Genesee Theatre and an active arts corridor, the neighborhood showcases live performances, galleries, and public murals.
Its proximity to Waukegan Harbor & Marina and the Lake Michigan shoreline adds scenic views and year-round recreation.

Culture & Things to Do

The area features restored brick storefronts, independent restaurants, and cozy coffee houses that create a walkable, small-city vibe.
Monthly events like ArtWauk draw visitors for curated exhibits, street music, and a lively evening atmosphere.
Nearby parks, waterfront paths, and cultural venues offer plenty of things to do in Downtown Waukegan for residents and visitors alike.

Living & Access

Commuters appreciate the Metra UP-N Waukegan Station, providing direct rail service to Chicago and Lake County destinations.
New residential lofts and upper-floor apartments sit above shops, making it easy to live, work, and play in the same neighborhood.
Local businesses benefit from ongoing downtown revitalization and a supportive entrepreneurial ecosystem.
Whether you?re exploring historic architecture or planning a lakeside day, Downtown Waukegan delivers an authentic, conveniently located destination in Waukegan, Illinois.



FAQ – Home Values in Downtown Waukegan Waukegan

What is the median home value in Downtown Waukegan Waukegan in 2026?

In 2026, the typical home value in Downtown Waukegan Waukegan is about $139,103 for an average home size of 1403 square feet. This corresponds to an average price of roughly $98 per square foot.

What is the average cost per square foot in Downtown Waukegan Waukegan?

In 2026, homes in Downtown Waukegan Waukegan sell for an average of around $98 per square foot, with a typical range between $93.1 and $102.9 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Downtown Waukegan?

The average home size in Downtown Waukegan Waukegan is about 1403 square feet, with an estimated 2026 value around $139,103.



Neighborhoods close to Downtown Waukegan Waukegan, IL

Woodland Heights Streamwood, IL161 $ / ft²
Gilberts Town Center Gilberts, IL136 $ / ft²
North Wayne Wayne, IL167 $ / ft²
Terramere Arlington Heights, IL247 $ / ft²
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