HomeIllinoisLake CountyBannockburn
Bannockburn, Illinois: commercial real estate data.
Bannockburn is a Census village of 1,148 people across 2.03 square miles of land, in Lake County. Median household income is $214,000, 96.6 percent of occupied homes are owned, and the SBA record carries 7 7(a) approvals to borrowers here worth $3.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Bannockburn
What Bannockburn is
- Census place typevillage
- Land area2.03 sq mi
- Water area0.02 sq mi
- Population per square mile of land566
- County holding the largest share of its areaLake County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bannockburn
How many people live in Bannockburn
- Population1,148
- Median age31.4
- Population under 18186 plus or minus 51
- Share under 1816.2 percent plus or minus 3.9
- Population 65 and over255 plus or minus 71
- Share 65 and over22.2 percent plus or minus 5.5
- Households268 plus or minus 60
- Family households219 plus or minus 56
- Share of households that are families81.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bannockburn
Income and work in Bannockburn
- Median household income$214,000 plus or minus $93,694
- Per capita income$88,586 plus or minus $21,756
- Civilian labor force545
- Employed535
- Unemployed10 plus or minus 14
- Unemployment rate1.8 percent plus or minus 2.6
- Adults 25 and over653 plus or minus 140
- Adults 25 and over with a high school diploma or higher99.1 percent plus or minus 29.5
- Adults 25 and over with a bachelor degree or higher90.0 percent
- Adults 25 and over with a graduate degree46.2 percent plus or minus 11.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bannockburn
Housing in Bannockburn
- Housing units268 plus or minus 60
- Occupied units268 plus or minus 60
- Vacant units0
- Vacancy rate0.0 percent
- Owner occupied259 plus or minus 60
- Renter occupied9 plus or minus 11
- Ownership rate96.6 percent
- Median owner-occupied home value$1,037,200 plus or minus $207,983
- Single family units268 plus or minus 61
- Share single family100.0 percent
- Units in buildings of two or more0
- Share in buildings of two or more0.0 percent
- Mobile homes0
- Median year structure built1968
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bannockburn
How Bannockburn gets to work
- Workers 16 and over who commute384
- Commuting under 15 minutes191 plus or minus 72
- Share commuting under 15 minutes49.7 percent plus or minus 16.6
- Commuting 30 minutes or more103 plus or minus 51
- Share commuting 30 minutes or more26.8 percent plus or minus 12.5
- Drove alone40.1 percent plus or minus 8.4
- Carpooled2.1 percent plus or minus 1.7
- Public transport2.8 percent plus or minus 2.4
- Walked26.2 percent plus or minus 9.2
- Worked from home27.7 percent plus or minus 10.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bannockburn
SBA loans in Bannockburn (7(a))
- Approvals7
- Gross approval$3,692,000
- Average approval$527,429
- Median approval$325,000
- Largest approval$1,980,000
- Jobs supported44
- Jobs per approval6.3
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises71.4 percent
- Distinct lenders5
- Distinct industries by NAICS5
Counted by borrower city: approvals to borrowers whose address is in Bannockburn, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Bannockburn
Flood risk in Bannockburn
- NFIP communityVillage of Bannockburn
- NFIP community number170359
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/18/13
The Village of Bannockburn participates in the National Flood Insurance Program as community 170359 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Lake County, not Bannockburn
Lake County context, not Bannockburn figures
- Establishments in Lake County20,076
- Covered employment, Lake County329,354
- Average annual pay, Lake County$91,042
- Housing units permitted, Lake County1,042
Every figure in this section is published for Lake County as a whole and is not a measurement of Bannockburn.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Bannockburn questions, answered from the record.
How many people live in Bannockburn, Illinois?
1,148, in 268 households. Bannockburn village covers 2.03 square miles of land, which is 566 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Bannockburn in?
Lake County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Bannockburn?
$214,000. The median owner-occupied home is valued at $1,037,200. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Bannockburn businesses?
7 7(a) approvals totaling $3.7 m since FY2020, across 5 lenders, median approval $325,000. These count approvals to borrowers whose address is in Bannockburn, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Bannockburn borrowers get paid back?
No rate is published for Bannockburn. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Bannockburn in the National Flood Insurance Program?
Yes. Bannockburn appears in the FEMA Community Status Book as Bannockburn, village of, community 170359, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Bannockburn figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lake County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Bannockburn.
Is zoning published for Bannockburn?
No. Nothing on this page presents parcel level zoning.