Will County
Illinois · Pop. 696,355
Ranked #31 of 200 counties
54Moderate
Median Home Price
🏠$320K
3.0% YoY
Median Rent
🔑$1,450
Median Income
💰$85K
Rent Burden
📊24.5%
% of income to rent
Housing Shortage
🏗️10,000
estimated unit deficit
Building Permits (2024)
📋3,800
Price-to-Income Ratio
⚖️3.8x
Homeownership Rate
🏡78.0%
How Will County Compares
| Metric | Will County | Illinois | National |
|---|---|---|---|
| Home Price | $320K | $263K | $410K |
| Rent | $1,450 | $1,238 | $1,500 |
| Income | $85K | $80K | $75K |
| Rent Burden | 24.5% | 32.5% | 30.0% |
| Homeownership | 78.0% | 67.0% | 65.0% |
Key Takeaways
- • Home prices are 22% below the national average.
- • Rent is 3% below the national average.
- • The county has an estimated housing shortage of 10,000 units.
- • 3,800 building permits were issued in 2024.
- • Year-over-year home prices changed by 3.0%.