Highland Park, IL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

31 / 68

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$36,035

Middle-Earners Revenue

Occupancy

71%

Middle-Earners Occupancy

Home Value

$792,709

Median Home Sale Price

Top Earners

$68,376

Top-Earners Revenue

Highland Park

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Highland Park.

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B

Generally Investor friendly

Highland Park Regulations

Highland Park permits STRs with clear, structured regulations and a reasonable $30 annual registration fee per unit. The city provides comprehensive guidance, technical assistance, and no apparent caps on STR operations, though investors must complete registration and annual renewals with multiple forms.

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About Highland Park

Highland Park is a well-established residential city in Lake County, Illinois, situated along the western shore of Lake Michigan on Chicago's affluent North Shore. With a population of approximately 30,000, the city is known for its tree-lined streets, historic architecture, and lakefront setting, and it functions as a convenient gateway to both the cultural offerings of the Chicago metropolitan area and the natural beauty of the Lake Michigan shoreline. Highland Park sits about 25 miles north of downtown Chicago, typically reachable in roughly 35 to 45 minutes by car or via the Metra commuter rail line, which makes it an easy day-trip destination while retaining a distinctly suburban character of its own.

One of the city's most celebrated attractions is the Ravinia Festival, an outdoor music venue that has operated since 1904 and serves as the summer home of the Chicago Symphony Orchestra. The festival hosts a wide range of classical, jazz, and contemporary performances throughout the warmer months and draws visitors from across the region. Ravinia is located within Highland Park itself, just a few minutes' drive from most parts of the city, and is widely considered a marquee draw for anyone spending time on the North Shore.

A short drive south of Highland Park, in neighboring Glencoe, lies the Chicago Botanic Garden, a 385-acre living plant museum featuring 27 distinct gardens, walking trails, and seasonal exhibitions. The garden is roughly 10 minutes from downtown Highland Park and is open year-round, offering a particularly vivid experience in summer when the rose garden and perennials are in full bloom, as well as in autumn for its celebrated fall color displays.

The city's own Lake Michigan shoreline is another defining feature, with several public beaches and parks that allow residents and visitors to enjoy the lake without leaving town. Rosewood Beach, on the eastern edge of the city, is recognized for its restored natural areas and is a popular spot for swimming, picnicking, and watching the lake. Downtown Highland Park, centered along Central Avenue, adds a small-scale urban complement to these natural attractions, with a walkable cluster of independent shops, restaurants, and galleries that gives the city a lively local core.

Altogether, Highland Park offers a compelling base for short-term rentals because it combines lakefront scenery, a nationally recognized music venue, and proximity to one of the country's most respected public gardens, all within an easy commute of Chicago. Visitors can enjoy a quiet, well-serviced suburban environment while remaining connected to the cultural and recreational breadth of the wider North Shore and the city to the south.

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