Bannockburn, Lake County, IL

Median Home Price Price

$1,169,416 $1.2M

Median Monthly Rent Rent

$1,888 $1.9K

52.0x

Market Snapshot

Bannockburn, Lake County, IL is a city market with a median home price of $1,169,416, a median monthly rent of $1,888, a GRM of 52.0x, and a price-to-rent ratio of 51.6.

Comparable Markets

Use related city markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

More markets to explore

01 Winthrop Harbor, Lake County, IL
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Rent $1.7K
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03 Lake Forest, Lake County, IL
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High confidence
Price $1.1M
Rent $2.3K
GRM 39.0x
Explore the data
Region Show
Lake Forest
$1.10M $2.3K 39.0x
Winthrop Harbor
$254K $1.7K 13.0x
Mettawa Explore deeper
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Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Glencoe, Cook County, IL Explore deeper
$1.42M $2.8K 42.0x
Montrose, Jasper County, IL
$162K $469 29.0x
Machesney Park, Winnebago County, IL
$182K $1.4K 11.0x

Home prices

Monthly rent

GRM = home price / annual rent

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Summit, Union County, NJ Explore deeper
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Haddon Township, Camden County, NJ Explore deeper
$432K $1.7K 21.0x
Larchmont, Westchester County, NY Explore deeper
$1.50M $2.8K 45.0x

Home prices

Monthly rent

GRM = home price / annual rent

Bannockburn

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Benchmark comparison

Rent in Bannockburn, IL is 18.5% lower than Lake Forest, IL.

Compare to Lake Forest, IL
Bannockburn, IL
Lake Forest, IL
Delta
Median rent
$1,888
$2,317
+$429
Median price
$1,169,416
$1,097,419
-$71,997
YoY change
+$190
+$223
+$33
Price-to-rent
51.6x
39.5x
-12.1x

Key takeaways

  • Bannockburn, Lake County, IL has a higher-grm screening profile: At 52.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $190 year over year.
  • Rent in Bannockburn, IL is 18.5% lower than Lake Forest, IL.