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Wauconda

Learn about the people, housing, costs and businesses in Wauconda, Illinois

Median Home$284,057
Median Rent$1,514/month
Population13,968
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality3% education
Home Value Growth⬆⬆⬆+21.3% over 2 years
Young Adults25% of residents
Homeowners80% of occupied units
NotableHigh Incomes$114k/year · top 11% nationally
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
Wauconda
IL

Frequently Asked Questions

What are today's mortgage rates in Wauconda?

As of today, the 30-year fixed mortgage rate for Wauconda is approximately 6.891% (6.897% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Wauconda?

The median home value in Wauconda is $284k. The median monthly rent is $1,514. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wauconda?

Home values in Wauconda have increased 21.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Wauconda?

Based on a typical all-in ownership cost of $1,840/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $79k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wauconda is $114k/year.

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What industries drive the economy in Wauconda?

The largest employment sectors in Wauconda are public administration (20%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.