HomeIllinoisLake CountyGrayslake village
Grayslake village, Illinois: commercial real estate data.
Grayslake village is a Census village of 20,929 people across 10.93 square miles of land, in Lake County. Median household income is $113,972, 78.2 percent of occupied homes are owned, and the SBA record carries 49 7(a) approvals to borrowers here worth $30.6 m.
81 sourced place values · tier FULL · 9 sections
Grayslake
What Grayslake is
- Census place typevillage
- Land area10.93 sq mi
- Water area0.22 sq mi
- Population per square mile of land1,915
- County holding the largest share of its areaLake County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Grayslake
How many people live in Grayslake
- Population20,929
- Median age37.2
- Population under 184,916
- Share under 1823.5 percent
- Population 65 and over2,950
- Share 65 and over14.1 percent
- Households8,165
- Family households5,661
- Share of households that are families69.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Grayslake
Income and work in Grayslake
- Median household income$113,972
- Per capita income$55,937
- Civilian labor force11,949
- Employed11,300
- Unemployed649 plus or minus 331
- Unemployment rate5.4 percent plus or minus 2.8
- Adults 25 and over14,041
- Adults 25 and over with a high school diploma or higher97.0 percent
- Adults 25 and over with a bachelor degree or higher58.5 percent
- Adults 25 and over with a graduate degree23.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Grayslake
Housing in Grayslake
- Housing units8,485
- Occupied units8,165
- Vacant units320 plus or minus 168
- Vacancy rate3.8 percent plus or minus 2.0
- Owner occupied6,383
- Renter occupied1,782
- Ownership rate78.2 percent
- Median owner-occupied home value$309,500
- Median gross rent, monthly$1,485
- Annual rent as a share of median income15.6 percent
- Single family units6,630
- Share single family78.1 percent
- Units in buildings of two or more1,822
- Share in buildings of two or more21.5 percent
- Mobile homes0
- Median year structure built1994
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Grayslake
How Grayslake gets to work
- Workers 16 and over who commute9,132
- Commuting under 15 minutes1,898
- Share commuting under 15 minutes20.8 percent
- Commuting 30 minutes or more3,625
- Share commuting 30 minutes or more39.7 percent
- Drove alone68.8 percent
- Carpooled7.4 percent plus or minus 2.6
- Public transport2.0 percent plus or minus 1.0
- Walked0.9 percent plus or minus 0.7
- Worked from home19.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Grayslake
SBA 7(a) lending to Grayslake borrowers
- Approvals49
- Gross approval$30,634,400
- Average approval$625,192
- Median approval$243,800
- Ninetieth percentile approval$2,059,300
- Largest approval$4,250,000
- Jobs supported495
- Jobs per approval10.1
- Loans with a final outcome11
- Paid in full11
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term120 months
- Share on real estate terms of 20 years or more20.4 percent
- Share to franchises18.4 percent
- Distinct lenders24
- Distinct industries by NAICS36
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Grayslake
SBA 504 lending to Grayslake borrowers
- Approvals10
- Gross approval$4,101,000
- Average approval$410,100
- Median approval$312,000
- Largest approval$774,000
- Jobs supported37
- Loans with a final outcome3
- Charged off0
- Median term240 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Grayslake
Flood programme status in Grayslake
- Listed NFIP communities1
- Of those, participating1
- NFIP community number170363
- Currently effective map date10/05/23
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Lake County, not Grayslake
Lake County context, not Grayslake figures
These are Lake County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Grayslake measurements.
- Establishments in Lake County20,076
- Employment at those establishments, Lake County337,069
- Covered employment, Lake County329,354
- Average annual pay, Lake County$91,042
- Average weekly wage, Lake County$1,751
- Housing units permitted, Lake County1,042
- Of those, single family, Lake County531
- County product, 2024, Lake County$82,868,798,000
- County product change over the prior year, Lake County3.7 percent
- Average income of an arriving household, Lake County$132,863
Every figure in this section is published for Lake County as a whole and is not a measurement of Grayslake. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Grayslake questions, answered from the record.
How many people live in Grayslake, Illinois?
20,929, in 8,165 households. Grayslake village covers 10.93 square miles of land, which is 1,915 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Grayslake in?
Lake County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Grayslake?
$113,972. The median owner-occupied home is valued at $309,500. Median gross rent is $1,485 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Grayslake businesses?
49 7(a) approvals totalling $30.6 m, across 24 lenders, median approval $243,800, plus 10 504 approvals worth $4.1 m. These count approvals to borrowers whose address is in Grayslake, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Grayslake borrowers get paid back?
Of the 11 loans that have reached a final outcome, 11 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Grayslake in the National Flood Insurance Program?
Yes. Grayslake appears in the FEMA Community Status Book as community 170363, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Grayslake figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lake County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Grayslake.
Is zoning published for Grayslake?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.