Performance indicators for the Lake Forest short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Lake Forest.
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Very Investor friendly
STRs are permitted citywide under Illinois HB 2919; Lake Forest has no local STR licensing, caps, or restrictive operational rules, so compliance is minimal and centered on state-level tax registration (SB 2564) and standard building/safety codes, with platforms typically handling tax remittance.
Local STR Agent
STR specialist · Lake Forest, IL
Lake Forest is a city located in Lake County, Illinois, United States. Per the 2020 census, the population was 19,367. The city is along the shore of Lake Michigan, and is a part of the Chicago metropolitan area and the North Shore. Lake Forest was founded with Lake Forest College and was laid out as a town in 1857, a stop for travelers making their way south to Chicago. The Lake Forest City Hall, designed by Charles Sumner Frost, was completed in 1898. It originally housed the fire department, the Lake Forest Library, and city offices.