Safe Rate Local
Learn about the people, housing, costs and businesses in Waukegan, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Waukegan.
True all-in cost — P&I, taxes, insurance & utilities for homes in Waukegan.
Find and compare lenders active near Waukegan.
FEMA flood zones and flood insurance estimates for Waukegan.
Seismic risk and earthquake insurance estimates for Waukegan.
Wildfire exposure and insurance estimates for Waukegan.
As of today, the 30-year fixed mortgage rate for Waukegan is approximately 6.975% (6.986% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for WaukeganThe median home value in Waukegan is $193k. The median monthly rent is $1,260. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Waukegan have increased 22.3% 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.
Based on a typical all-in ownership cost of $1,195/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Waukegan is $71k/year.
Calculate your buying powerThe largest employment sectors in Waukegan are retail (20%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.