Illinois · Census place 30900
Grandwood Park CDP, IL
Quick answer
Grandwood Park CDP has 5,311 residents, ranking #326 of 1462 places in Illinois. Median household income is $124,847, the median home is worth $313,000 and median gross rent runs $1,797 a month.
- Population
- 5,311Grandwood Park CDP residents
- Median household income
- $124,847Past 12 months, inflation adjusted
- Median home value
- $313,000Owner-occupied units
- Median gross rent
- $1,797Rent plus utilities, monthly
- Median age
- 42.2 yrsAll residents
- Homeownership rate
- 86.8%Owner-occupied households
What the numbers mean in Grandwood Park CDP
Housing cost measured against local earnings.
A household earning the Grandwood Park CDP median would spend about 17.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.1% of residents and 86.8% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Illinois.
- Lake Holiday CDP 5,402
- Lake Barrington village 5,400
- Posen village 5,331
- Pana city 5,277
- Highwood city 5,243
- Berkeley village 5,222
- Colona city 5,189
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