HomeIllinoisLake CountyGrayslake
Grayslake, Illinois: commercial real estate data.
Grayslake 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in Grayslake (7(a))
- Approvals49
- Gross approval$30,634,400
- Average approval$625,192
- Median approval$243,800
- Ninetieth percentile approval$1,851,380
- Largest approval$4,250,000
- Jobs supported495
- Jobs per approval10.1
- Loans with a final outcome11
- Paid in full11
- Charged off0
- 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
Counted by borrower city: approvals to borrowers whose address is in Grayslake, in any county, FY2020 to FY2026. Only 11 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Grayslake
SBA loans in Grayslake (504)
- Approvals10
- Gross approval$4,101,000
- Average approval$410,100
- Median approval$284,000
- Largest approval$774,000
- Jobs supported37
- Loans with a final outcome3
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Grayslake, in any county, FY2010 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Grayslake
Flood risk in Grayslake
- NFIP communityVillage of Grayslake
- NFIP community number170363
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date10/05/23
The Village of Grayslake participates in the National Flood Insurance Program as community 170363 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Lake County, not Grayslake
Lake County context, not Grayslake figures
- Establishments in Lake County20,076
- Covered employment, Lake County329,354
- Average annual pay, Lake County$91,042
- Housing units permitted, Lake County1,042
Every figure in this section is published for Lake County as a whole and is not a measurement of Grayslake.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $30.6 m since FY2020, across 24 lenders, median approval $243,800, plus 10 504 approvals worth $4.1 m since FY2010. 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?
No rate is published for Grayslake. Only 11 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Grayslake in the National Flood Insurance Program?
Yes. Grayslake appears in the FEMA Community Status Book as Grayslake, village of, 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 labeled 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?
No. Nothing on this page presents parcel level zoning.