Winthrop Harbor, Lake County, IL

Median Home Price Price

$254,186 $254.2K

Median Monthly Rent Rent

$1,679 $1.7K

13.0x

Market Snapshot

Winthrop Harbor, Lake County, IL is a city market with a median home price of $254,186, a median monthly rent of $1,679, a GRM of 13.0x, and a price-to-rent ratio of 12.6.

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Price $1.2M
Rent $1.9K
GRM 52.0x
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Home prices

Monthly rent

GRM = home price / annual rent

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Home prices

Monthly rent

GRM = home price / annual rent

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Home prices

Monthly rent

GRM = home price / annual rent

Winthrop Harbor

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Benchmark comparison

Rent in Winthrop Harbor, IL is 11.1% lower than Bannockburn, IL.

Compare to Bannockburn, IL
Winthrop Harbor, IL
Bannockburn, IL
Delta
Median rent
$1,679
$1,888
+$209
Median price
$254,186
$1,169,416
+$915,230
YoY change
+$166
+$190
+$24
Price-to-rent
12.6x
51.6x
+39.0x

Key takeaways

  • Winthrop Harbor, Lake County, IL has a lower-grm screening profile: At 13.0x GRM, current rent may provide stronger support relative to price.
  • Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
  • Rent momentum is positive, with median rent up about $166 year over year.
  • Rent in Winthrop Harbor, IL is 11.1% lower than Bannockburn, IL.