Much like its nearby areas, it is somewhat more expensive compared to the country as a whole. However compared to the city of Chicago, it is somewhat less expensive.
Home prices
The median home cost in Gages Lake is $231,800. Compared to its surrounding areas it is is very similar.Compared to the US as a whole it is about $14,300 (6%) higher, and is approximately $26,200 (10%) lower in comparison to the city of Chicago.
Rents
Gages Lake's median monthly rent is $1,449. It is about $90 (6%) higher in comparison to nearby areas.It is roughly $387 (36%) higher in comparison to the United States as a whole, and in comparison to the city of Chicago is approximately $337 (30%) higher.
Nearby places
Third Lake
Third Lake is Gages Lake's neighbor to the northwest. The housing prices there are a little more expensive. The median home in Third Lake is valued at $267,400, which comes out to $35,600 (13%) higher than Gages Lake. Rent there is similar. Third Lake's median monthly rent is $1,469, which comes out to $20 (1%) higher than Gages Lake.
Gurnee
Gurnee is Gages Lake's neighbor to the northeast. Real estate prices there are somewhat more expensive. The median home in Gurnee costs $259,500, which comes out to $27,700 (10%) higher than Gages Lake. Its rents are somewhat less expensive. In Gurnee the median monthly rent is $1,210, which comes out to $239 (19%) lower than Gages Lake.
Grayslake
Grayslake is Gages Lake's neighbor to the west. Its real estate prices are similar. The median home price in Grayslake is $235,400, which works out to $3,600 (1%) higher than Gages Lake. Rent there is a little less expensive. The median rent in Grayslake is $1,160 per month, which comes out to $289 (24%) lower than Gages Lake.
Grandwood Park
Grandwood Park is roughly 2 miles north of Gages Lake. Real estate prices there are similar. The median home value in Grandwood Park is $228,500, which is $3,300 (1%) lower than Gages Lake. Rent there is pretty similar. The median rent in Grandwood Park is $1,504 a month, which is $55 (3%) higher than Gages Lake.
Hainesville
Hainesville is about 3 miles west of Gages Lake. Housing prices there are substantially less expensive. The median home in Hainesville is valued at $169,200, which works out to $62,600 (36%) lower than Gages Lake. Rents there are fairly similar. In Hainesville the median monthly rent is $1,454, which is very similar to Gages Lake.
