The Town FilesGrandwood Park, Illinois
Community in Lake County · population 5,297 (2020 Census)
- Median home
- $330,500
- Household income
- $126,736
- Jan low / Jul high
- 15° / 82°
- Snow a year
- 43 in
- Tornadoes ≤10 mi since 1950
- 18
- Median age
- 42.2
Grandwood Park is a community of 5,297 people in Lake County, Illinois. The median home is worth $330,500, above the typical Illinois town ($156,600). It ranks better for young professionals than 98% of Illinois towns, more upscale than 96% of Illinois towns, more vibrant than 87% of Illinois towns.
How Grandwood Park ranks
Percentile among Illinois towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Illinois towns.
Homes and cost of living
The median home in Grandwood Park is worth $330,500, above the typical Illinois town ($156,600). Homes cost about 2.6 times the median household income of $126,736, which is more affordable than 35% of Illinois towns. Median rent is $1,836 a month. 87.4% of households own their home.
| Housing | Grandwood Park | Typical Illinois town |
|---|---|---|
| Median home value | $330,500 | $156,600 |
| Median rent | $1,836 | $960 |
| Median household income | $126,736 | $72,500 |
| Home value ÷ income | 2.6× | 2.2× |
| Homeownership | 87.4% | 76.6% |
| Median year built | 1991 | 1967 |
| Seasonal / vacation homes | 0.0% | — |
Who lives in Grandwood Park
| People | Grandwood Park | Typical Illinois town |
|---|---|---|
| Median age | 42.2 | 40.4 |
| Age 65 and over | 12.3% | 18.7% |
| Under 18 | 20.4% | — |
| Bachelor's degree or higher | 59.2% | 21.8% |
| Below the poverty line | 2.8% | 9.9% |
| Veterans | 3.8% | — |
| Born outside the U.S. | 14.6% | — |
| Work from home | 21.0% | 8.9% |
| Average commute | 25.6 min | 26.1 min |
| Homes with broadband | 97.7% | 90.4% |
Weather in Grandwood Park
July highs average 82.3°F and January lows 14.6°F. About 37.8 inches of rain and melted snow fall a year, with 43.4 inches of snow (typical Illinois town: 24.2 in). Expect about 10 days a year at 90°F or hotter and 132 nights at or below freezing.
Tornadoes, storms and disasters
18 tornadoes have passed within 10 miles of Grandwood Park since 1950, compared with 27 for the typical Illinois town. 6 rated (E)F2 or stronger. The strongest, an F4, struck on September 28, 1972 about 8.2 miles from the town center. The most recent was on June 17, 2026.
Hail of 1 inch or larger has been reported within 10 miles 62 times; the largest was 2.25 inches on May 2, 2018.
Severe weather in Lake County since 1996
Lake County has been included in 17 federal disaster or emergency declarations since 1953, most often for flood, tornado, hurricane.
| Declared | Incident | Declaration |
|---|---|---|
| March 26, 2020 | Biological | DR-4489: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3435: Covid-19 |
| May 10, 2013 | Flood | DR-4116: Severe Storms, Straight-Line Winds, And Flooding |
| March 17, 2011 | Snowstorm | DR-1960: Severe Winter Storm And Snowstorm |
| June 24, 2008 | Severe Storm | DR-1771: Severe Storms And Flooding |
Jobs and pay in Lake County
Lake County had 329,354 jobs in 2024, paying an average of $91,042 a year. Unemployment was 5% in 2023; in Grandwood Park itself the ACS puts it at 2%.
Towns near Grandwood Park
- Lindenhurst, IL2.6 mi · 14,406 people · home $294,100
- Gages Lake, IL2.8 mi · 10,637 people · home $310,500
- Venetian Village, IL3.0 mi · 2,761 people · home $231,100
- Gurnee, IL3.1 mi · 30,706 people · home $344,300
- Grayslake, IL4.2 mi · 21,248 people · home $309,500
- Round Lake Beach, IL4.7 mi · 27,252 people · home $199,200
- Lake Villa, IL5.1 mi · 8,741 people · home $351,700
- Wadsworth, IL5.2 mi · 3,517 people · home $378,900
Grandwood Park questions
Is Grandwood Park, Illinois a good place to retire?
On The Town Files lifestyle rankings, Grandwood Park scores better for retirees than 32% of Illinois towns and quieter than 38%. 12.3% of residents are 65 or older (median age 42.2).
How much does a house cost in Grandwood Park?
The median owner-occupied home in Grandwood Park is valued at $330,500 (Census ACS 2020–2024), against a median household income of $126,736, so homes cost about 2.6 times income. Median rent is $1,836 a month.
What is the weather like in Grandwood Park?
July highs average 82.3°F and January lows 14.6°F (NOAA 1991–2020 normals). It gets about 37.8 inches of precipitation a year and 43.4 inches of snow.
Does Grandwood Park get tornadoes?
18 tornadoes have passed within 10 miles of Grandwood Park since 1950 (NOAA Storm Events); the strongest was a F4 on September 28, 1972. The typical Illinois town has had 27.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)