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Will County, IL

Wheatland

RANK #398 / 996 NAT  ·  #25 / 28 IL  ·  POP 696,774

1YR FORECAST: +1.8%

5YR OUTLOOK: +26%

Will County's housing market is projected to grow +1.8% over the next year, tracking near the national average.

[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] Top Employers

  1. 1
    Amazon Logistics
    10,000+
  2. 2
    Plainfield School District #202 Education
    2,500+
  3. 3
    Silver Cross Hospital Healthcare
  4. 4
    Ascension Saint Joseph - Joliet Healthcare
  5. 5
    Valley View School District #365 Education
    1,000+
  6. 6
    Will County Government Government
  7. 7
    Ulta Beauty Retail
  8. 8
    RJW Logistics
  9. 9
    Joliet Junior College Education
  10. 10
    Joliet Public School District #86 Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
36.1%
of residents (national avg: 33%)

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] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.1
per 100K · nat avg 6.3
Firearm Fatalities
8.4
per 100K · nat avg 14.8
Injury Deaths
57.6
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C+
AIR QUALITY
GRADE
Median AQI (3yr)
51.3
Moderate
Good Air Days
46%
505 of 1,095 days
Unhealthy+ Days (3yr)
23
Includes 2 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
52
2022
49
2023
53
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 60/100, Will County sits in the upper half of all 996 ranked counties. and median household income stands at $103,678 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in IL.

Is Will County affordable?

By national standards, Will County is quite affordable. Homes here have a median value of $283,600, and the income-to-home-value ratio of 0.37 is well above the U.S. average — especially with median rent at just $1,342/month. Residents can generally buy a home without being cost-burdened.

Is Will County growing or shrinking?

Population and employment in Will County are both close to flat — population +0.1% YoY and jobs +0.3%. Home values shifted +3.4% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Will County?

There's a moderate stream of newcomers. About 3.37% of residents moved from another state, which is above average and suggests Will County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Kendall County, IL 60 Boone County, IL 58 DuPage County, IL 64 St. Clair County, IL 65 Lake County, IL 69 Jackson County, IL 44 Butler County, OH 59 Douglas County, NE 58