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ZipNumbers

Illinois · Census place 41586

Lake Villa village, IL

Quick answer

Lake Villa village has 8,707 residents, ranking #250 of 1462 places in Illinois. Median household income is $111,110, the median home is worth $325,900 and median gross rent runs $1,430 a month.

Population
8,707Lake Villa village residents
Median household income
$111,110Past 12 months, inflation adjusted
Median home value
$325,900Owner-occupied units
Median gross rent
$1,430Rent plus utilities, monthly
Median age
40.3 yrsAll residents
Homeownership rate
70%Owner-occupied households

What the numbers mean in Lake Villa village

Housing cost measured against local earnings.

A household earning the Lake Villa village median would spend about 15.4% 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 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.3% of residents and 70% 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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