Libertyville, IL

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Libertyville short-term rental market based on reliable data.

Listings

64 / 173

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$42,463

Middle-Earners Revenue

Occupancy

63%

Middle-Earners Occupancy

Home Value

$626,322

Median Home Sale Price

Top Earners

$67,738

Top-Earners Revenue

Libertyville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Libertyville.

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C

Challenging to Investors

Libertyville Regulations

Operates in a regulatory gray area due to the lack of a dedicated STR ordinance, so enforcement relies on general zoning and housing codes with significant local discretion. The absence of caps and permits makes it broadly permissive, but the risk of abrupt regulatory changes and inconsistent enforcement increases investor uncertainty and compliance burden.

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About Libertyville

Libertyville is a well-established village in Lake County, Illinois, set in the gently rolling country of the Chicago North Shore about 40 miles northwest of downtown Chicago. With a population of roughly 20,000 residents, it has the feel of a polished small town rather than a typical commuter suburb: a leafy, walkable historic core, mature oak-lined residential streets, and a steady calendar of community events that give it a year-round sense of place. The village is best known for its charming downtown, its strong school system, and its role as a comfortable base for visitors exploring Lake County's forest preserves, the Lake Michigan shoreline, and the chain of family attractions that line the Interstate 94 corridor between Chicago and the Wisconsin border.

One of the village's signature destinations is Lambs Farm, a working farm and nonprofit community located right within Libertyville. Visitors come for the petting zoo, pony rides, miniature golf, thrift shops, and homestyle restaurants, all of which support the organization's mission of serving adults with developmental disabilities. It sits just a few minutes' drive from the village center and offers a relaxed, family-friendly outing that draws guests from across the North Shore.

Just a short drive west of downtown, Independence Grove Forest Preserve spans more than 1,100 acres around a 115-acre lake, with paved and natural-surface trails, a swimming beach, picnic shelters, and a popular concert series in the warmer months. The preserve gives Libertyville a built-in outdoor escape and is one of the most-visited spots in the Lake County Forest Preserves system.

A short hop to the north in Gurnee, Six Flags Great America anchors the region's amusement-park scene with a large lineup of roller coasters, a separate Hurricane Harbor water park, and seasonal events that run from spring through Halloween. From Libertyville it is roughly a 10-to-15-minute drive, making it easy for a rental's guests to add a thrill-filled day without committing to a long excursion.

To the east, Naval Station Great Lakes, the U.S. Navy's only enlisted basic training command, occupies a stretch of Lake Michigan shoreline shared with the adjacent town of North Chicago. The base hosts regular graduation ceremonies that bring families into the area, and its museum, the Great Lakes Naval Memorial, is open to the public. A little farther northeast along the lakefront, Illinois Beach State Park preserves nearly seven miles of undeveloped shoreline, dunes, and inland trails for hiking, swimming, and bird-watching.

Libertyville works well as a short-term-rental base because it offers the quiet, polished atmosphere of a North Shore village while keeping Chicago, the lakefront, and the major family attractions all within an easy drive. Guests get tree-shaded streets, a real downtown to wander in the evenings, and a wide circle of day-trip options, a combination that makes a stay feel both restorative and full of things to do.

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