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ZipNumbers

Illinois · Census place 00516

Albany village, IL

Quick answer

Albany village has 783 residents, ranking #772 of 1462 places in Illinois. Median household income is $68,750, the median home is worth $147,800 and median gross rent runs $721 a month.

Population
783Albany village residents
Median household income
$68,750Past 12 months, inflation adjusted
Median home value
$147,800Owner-occupied units
Median gross rent
$721Rent plus utilities, monthly
Median age
37.9 yrsAll residents
Homeownership rate
90.9%Owner-occupied households

What the numbers mean in Albany village

Housing cost measured against local earnings.

A household earning the Albany village median would spend about 12.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.5% of residents and 90.9% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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