Bannockburn, Illinois.
Typical home $1,369,909 (+11.2% in a year). Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$4,294 (+148%) since Jan 2020.
- 1 year
- Up $137,936 +11%
- $1,231,973$1,369,909 since Sep 2025
- 5 years
- Up $455,514 +50%
- $914,395$1,369,909 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Bannockburn$7,190
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in Bannockburn, IL rose 11.2% over the past year — faster than the nation's +1.2%.
Living in Bannockburn, Lake County, Illinois
Bannockburn is a village of 1,013 people in Lake County. 97% of its homes are lived in by their owners and 3% are rented. Unemployment in Lake County was 3.8% in August 2026, and the county had 1.1% fewer jobs in 2025 than the year before. The most people in Lake County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Bannockburn is a small village in Lake County, Illinois, and almost every home in it is lived in by its owners. Homes are valued well above what is typical across much of the country, and very few residents live below the poverty line. Nearly all adults hold a four-year degree. Winters are cold, with January highs near freezing and lows below that, summers are warm, and the year brings a moderate amount of rain and melted snow.
Work. Residents work mostly in schools, hospitals and social care, with others in manufacturing, professional and business services, and shops. A good number work from home. Among the largest workplaces in the village are Takeda, a plasma manufacturer, Option Care Enterprise, a home health agency, and Heinen's, a grocery store. Across Lake County, unemployment is lower than a year ago, though the county has somewhat fewer jobs than the year before.
Things to do. The Chicago Botanic Garden is a short drive away and is the nearest of the well-known places on the list. A longer drive leads to the Art Institute of Chicago, a museum, and to Wrigley Field, a stadium for baseball. Millennium Park, a garden in the city, is also a longer drive away.
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- 268households
- 90%of adults have a degree
- 5%below the poverty line
- 28%work from home
What people in Lake County work in
Employed residents by industry, from the Census survey. Lake County had 325,826 jobs in 2025, 1.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 18°; warmest in July, with highs near 84° and lows near 66°. About 32 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Chicago Palwaukee Airport weather station, 5 miles away (NOAA).
Largest workplaces in Bannockburn
- Stericycle - Bannockburn,IL-REMOTESolid waste collection1,281
- Takeda: BannockburnPlasmas manufacturing252
- Champro SportsSporting goods and supplies merchant wholesalers230
- Option Care EnterpriseHome health agencies145
- Heinen'sGrocery stores93
- RXO, IncGeneral warehousing and storage44
- Bannockburn SD 106School district33FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 2,045 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingRelatively high
- Cold wavesRelatively high
- TornadoesRelatively high
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Bannockburn’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lake County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Bannockburn home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Bannockburn$1,369,909
- Illinois$295,943
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Bannockburn5
Zip codes with a Bannockburn address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Bannockburn — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.