Waukegan Homes Very Affordable When Compared To Lake County, IL

A recent Movoto survey showed that the median price of homes for sale in Waukegan for the month of February, 2011 was $99,000.  This is down from a year ago when it was $119,900.

Compared to the median price of homes in the rest of Lake Country (approximately $270,000) this statistic shows how affordable homeownership is in Waukegan. See chart below.

Waukegan, IL statistics and real estate market trends on Movoto (www.movoto.com/statistics/il/waukegan.htm)

Homeownership still remains the primary goal of the residents of Waukegan with over 56% of all residents owning their home.  With near all-time low interest rates and programs that allow you to purchase a home with as little as 3.5% down payment, the cost of owning a home is comparable to renting one.

After consulting a real estate professional, considering a property in Waukegan may be a wise decision whether you are purchasing your first home or looking for a great deal.

Salvatore “Tory” Campanella (NMLS #199911) is a fifty year banking veteran with the past twenty years spent specializing in residential mortgage lending.  Tory is a Senior Loan Officer with Supreme Lending and can be reached at 224-425-4414 or via email at Tory.Campanella@SupremeLending.com.  Tory makes his home in Antioch, IL