Grandwood Park

Population: 5,311
Median household income: $124,847
Median home value: $313,000

Grandwood Park, a community in Lake County, Illinois, has 5,311 residents. The median household income of $124,847 is above the Lake County median ($108,917).

Between 2019 and 2023, Grandwood Park's population grew 2.7% from 5,170 to 5,311, while its median home value rose 37.0% from $228,500 to $313,000.

72.9% of workers drive to work alone. 86.4% of homes are single-family detached houses.

Demographics

ACS 2019–2023

Population: 5,311
Median age: 42.2 yrs
Median household income: $124,847
Median home value: $313,000
Median gross rent: $1,797
Housing units: 2,135
Homeownership rate: 86.8%
Bachelor's degree or higher: 59.1%
Unemployment rate: 2.0%

Trends

ACS 5-year · 2019–2023

Population

5,1705,311

Median household income

$117,989$124,847

Median home value

$228,500$313,000

Median gross rent

$1,504$1,797

Year	Population	Median household income	Median home value	Median gross rent
2019	5,170	$117,989	$228,500	$1,504
2020	5,114	$127,155	$254,800	$1,454
2021	5,506	$129,375	$269,600	$1,493
2022	5,391	$133,553	$306,600	$1,600
2023	5,311	$124,847	$313,000	$1,797

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.4%

5 to 1716.9%

18 to 2411.0%

25 to 3410.2%

35 to 4411.6%

45 to 5418.0%

55 to 6417.3%

65 to 746.2%

75 and over5.4%

	Count	Share
Under 5	181	3.4%
5 to 17	899	16.9%
18 to 24	582	11.0%
25 to 34	544	10.2%
35 to 44	615	11.6%
45 to 54	955	18.0%
55 to 64	918	17.3%
65 to 74	331	6.2%
75 and over	286	5.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	3,397	64.0%
Black or African American	307	5.8%
American Indian & Alaska Native	0	0.0%
Asian	702	13.2%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	17	0.3%
Two or more races	143	2.7%
Hispanic or Latino (any race)	745	14.0%

Educational attainment (age 25+)

No high school diploma3.5%

High school graduate14.2%

Some college or associate's23.2%

Bachelor's degree40.7%

Graduate or professional degree18.5%

	Count	Share
No high school diploma	126	3.5%
High school graduate	517	14.2%
Some college or associate's	848	23.2%
Bachelor's degree	1,484	40.7%
Graduate or professional degree	674	18.5%

Commute to work

Mean travel time to work: 27 min

Drove alone72.9%

Carpooled4.9%

Public transit0.6%

Walked1.2%

Bicycle0.3%

Worked from home18.8%

Other means1.4%

How workers get to work

	Count	Share
Drove alone	2,179	72.9%
Carpooled	146	4.9%
Public transit	19	0.6%
Walked	36	1.2%
Bicycle	8	0.3%
Worked from home	561	18.8%
Other means	42	1.4%

Travel time

	Count	Share
Under 15 min	466	19.2%
15 to 29 min	798	32.8%
30 to 44 min	826	34.0%
45 to 59 min	183	7.5%
60+ min	157	6.5%

Households

Average household size: 2.66
Poverty rate: 2.1% (113 of 5,298)

	Count	Share
Family households	1,400	70.1%
Nonfamily households	596	29.9%

Housing

Median year structure built: 1991

Occupancy

	Count	Share
Occupied	1,996	93.5%
Vacant	139	6.5%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,732	86.8%
Renter-occupied	264	13.2%

1-unit, detached86.4%

1-unit, attached7.8%

2 to 4 units1.7%

5 to 19 units1.7%

20 or more units2.4%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	1,844	86.4%
1-unit, attached	166	7.8%
2 to 4 units	37	1.7%
5 to 19 units	37	1.7%
20 or more units	51	2.4%
Mobile home & other	0	0.0%

Geography

Place GEOID: 1730900
Type (LSAD): 57
Land area: 1.44 sq mi
Water area: 0.02 sq mi
Center point: 42.3921, -87.9892