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ZipNumbers

Illinois · Census place 37647

Ipava village, IL

Quick answer

Ipava village has 510 residents, ranking #939 of 1462 places in Illinois. Median household income is $42,500, the median home is worth $58,200 and median gross rent runs $956 a month.

Population
510Ipava village residents
Median household income
$42,500Past 12 months, inflation adjusted
Median home value
$58,200Owner-occupied units
Median gross rent
$956Rent plus utilities, monthly
Median age
33.9 yrsAll residents
Homeownership rate
71.6%Owner-occupied households

What the numbers mean in Ipava village

Housing cost measured against local earnings.

A household earning the Ipava village median would spend about 27% 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 1.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 26.6% of residents and 71.6% 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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