Lake Villa, IL population, income and ZIP codes

Lake Villa village is a mid-size town in Illinois, with 8,707 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #250 of 1,462 ranked by population — larger than 82% of them. The median age here is 40.3 years against 39.1 nationally, a slightly older profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Lake Villa village earn a median of $111,110 a year, 41.5% above the national figure of $78,538 and 50% above the $74,244 median for the 698 Illinois cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 3.3% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Lake Villa village is valued at $325,900, 7.4% above the national figure and 82% above the $179,100 peer median, while median gross rent runs $1,430 a month, 1.7% above the national figure, or roughly $17,160 across a full year. A household on the local median income would put about 15.4% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.9×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 70% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.