Third Lake, Lake County, IL

Median Home Price Price

$391,236 $391.2K

Median Monthly Rent Rent

$1,845 $1.8K

18.0x

Market Snapshot

Third Lake, Lake County, IL is a city market with a median home price of $391,236, a median monthly rent of $1,845, a GRM of 18.0x, and a price-to-rent ratio of 17.7.

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

03 Wauconda, Lake County, IL
Nearby alternative Lower GRM Lower price Rent momentum
High confidence
Price $315.4K
Rent $1.7K
GRM 15.0x
Explore the data
Region Show
Lake Villa
$350K $2.1K 14.0x
Lake Barrington
$499K $1.9K 22.0x
Grayslake
$342K $1.9K 15.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Big Rock, Kane County, IL
$384K $2.0K 16.0x
Wonder Lake, McHenry County, IL
$271K $1.8K 13.0x
West Chicago, DuPage County, IL
$363K $1.8K 17.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
North Canton, Stark County, OH
$271K $1.3K 18.0x
Auburn, De Kalb County, IN Explore deeper
$259K $1.1K 20.0x
Mason, Warren County, OH
$491K $2.2K 18.0x

Home prices

Monthly rent

GRM = home price / annual rent

Third Lake

Map loads when visible.

Benchmark comparison

Rent in Third Lake, IL is 10.2% lower than Lake Villa, IL.

Compare to Lake Villa, IL
Third Lake, IL
Lake Villa, IL
Delta
Median rent
$1,845
$2,054
+$209
Median price
$391,236
$350,225
-$41,011
YoY change
+$163
+$190
+$27
Price-to-rent
17.7x
14.2x
-3.5x

Key takeaways

  • Third Lake, Lake County, IL has a middle-grm screening profile: At 18.0x GRM, price and rent sit in a less extreme screening range.
  • The investment thesis may depend more on trend quality and local context than on GRM alone.
  • Rent momentum is positive, with median rent up about $163 year over year.
  • Rent in Third Lake, IL is 10.2% lower than Lake Villa, IL.