Grundy County, IL

Comprehensive housing, income, and cost of living data for Grundy County, Illinois. Population: 52.6K.

Median Home Price
$263.7K

Based on 7 cities

Median Household Income
$93.1K

Annual household income

Price-to-Income Ratio
2.8x

Highly affordable

Salary Needed to Buy
$80.6K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$5,260

Average annual amount

Effective Tax Rate
1.99%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,333
Property Tax$438
Insurance$110
Total Monthly$1,882
Historical Home Prices
2015
$183.1K
2016
$193.3K
+5.6%%
2017
$201.7K
+4.3%%
2018
$210.0K
+4.1%%
2019
$219.4K
+4.5%%
2020
$229.3K
+4.5%%
2021
$247.7K
+8.0%%
2022
$261.9K
+5.7%%
2023
$278.6K
+6.4%%
2024
$295.1K
+5.9%%
2025
$305.6K
+3.5%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
4.7%%

Near national average

Population Density
126

People per square mile

Homicide Rate
7.4

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
83.3%
Black
2.1%
Hispanic
11.5%
Asian
0.4%
Two or More Races
2.5%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
51°F

Annual average

Sunny Days
206

Days per year

Annual Rainfall
37.7"

Inches per year

Natural Disaster Risk
High Risk

Score: 67/100

Frequently Asked Questions

What is the median home price in Grundy County, IL?

The median home price in Grundy County, Illinois is $263.7K. The price-to-income ratio is 2.8x, meaning the median home costs 2.8 times the median household income.

What salary do you need to buy a home in Grundy County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $80.6K per year to buy the median home in Grundy County, IL. Monthly housing costs break down to $1,333 for mortgage, $438 for property tax, and $110 for insurance.

What is the property tax rate in Grundy County?

The effective property tax rate in Grundy County is 1.99%, which comes to approximately $5,260 per year on the median home.

What is the median household income in Grundy County?

The median household income in Grundy County, Illinois is $93.1K per year, based on Census Bureau American Community Survey data. The unemployment rate is 4.7%%.

Is Grundy County a good place to live?

Grundy County, Illinois has a population of 52.6K. Housing affordability is strong with a price-to-income ratio of 2.8x. The climate averages 51 degrees F with 206 sunny days per year. Compare Grundy County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.