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Will County, IL

RANK #221 / 996  ·  POP 696,774  ·  IL

PROJECTED GROWTH: +1.9%

Will County combines solid growth with real affordability — a rare combination.

[01] Why Will County?

Will County, Illinois, a "collar county" southwest of Chicago, is known for its blend of suburban and rural characteristics, offering residents access to city amenities alongside natural landscapes. The county seat, Joliet, is approximately 40 miles from Chicago. Commute options include Metra rail lines and Pace bus services, though many residents drive. The area features extensive outdoor recreation, with over 21,000 acres managed by the Forest Preserve District, including 116 miles of trails for various activities. Midewin National Tallgrass Prairie, the first national tallgrass prairie, is a notable landmark and home to a bison population.

Life in Will County often appeals to families, with many municipalities recognized as desirable places to live and own homes, supported by highly-rated public schools. The economy is experiencing growth, driven by investments in infrastructure, manufacturing, and energy sectors. The county has seen an increase in job creation and single-family home construction, and efforts are underway to modernize government services to meet the needs of a growing population. Will County also focuses on supporting local businesses and addressing economic impacts through various programs.

[02] Market Snapshot

Housing Ratio
5.2x

Above national median (4.7x)

GDP Growth
+2.2%

Below national median

Home Prices
+3.4%

Outpacing national median

Climate & Terrain
-2.4

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing is fairly valued at 5.2x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Will County U.S. National

The Numbers

DEMOGRAPHICS
Population
696,774
+0.05% YoY
Median Household Income
$103,678
Median Home Value
$283,600
+3.37% 12mo
Median Rent
$1,342
Average Annual Pay
$60,570
+3.8% YoY
Employment
263,673
+0.3% YoY
Income-to-Home-Value
0.3656
More affordable than average
Migration Inflow
3.37%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$353,450
Days on Market
78
Slower market
Months of Supply
4.0
Balanced market
Sale-to-List Ratio
98.7%
Near asking price
Sold Above List
24.4%
Listings w/ Price Drops
16.6%
Building Permits (2024)
2,002
Single-Family Permits
1,464

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,579M
TOTAL
PROJECT AMOUNT STATUS
Joliet Data Center Campus
HW Technology Park Development LLC (Hillwood)
$2,000M Planned
Will County Transportation Improvement Plan
Will County Division of Transportation (DOT)
$662M Planned
Hyundai Translead Manufacturing Operation
Hyundai Translead
$450M Operating
ACCIONA Energía Will County Solar Farm
ACCIONA Energía
$300M Planned
Rebuild Illinois - Will County Road and Bridge Projects (9 projects)
Illinois Department of Transportation (IDOT)
$117M Under Construction
Renewable Natural Gas (RNG) Plant at Prairie View Landfill
Will County (SCS Energy, Harbor Contractors)
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.2% 41 percentile
Population Growth +0.1% 32 percentile
Income Growth +8.3% 43 percentile
Vacancy Rate 0.8% 78 percentile
Home Price Change +3.4% 76 percentile
Rent Growth +3.3% 56 percentile
Price/Rent 11x 81 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Will County, IL a good place to move to?

Will County has a Boom Town Index score of 78/100, ranking #221 among 996 U.S. counties. With job growth at +0.3% and a median household income of $103,678, it's an above-average county on economic indicators.

Is Will County affordable?

The median home value in Will County is $283,600 with median rent at $1,342/month. The income-to-home-value ratio is 0.3656, which is more affordable than the national average.

Is Will County growing or shrinking?

Population growth: +0.1% year-over-year. Job growth: +0.3%. Home values changed +3.4% in the past 12 months.

Are people moving to Will County?

Yes — 3.37% of Will County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Wood County, WI 88 Lorain County, OH 88 Gloucester County, NJ 88 Rensselaer County, NY 88 Lucas County, OH 88 Montgomery County, OH 88 Wayne County, PA 88 Dutchess County, NY 88