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ZipNumbers

Illinois · Census place 44719

Loraine village, IL

Quick answer

Loraine village has 407 residents, ranking #997 of 1462 places in Illinois. Median household income is $56,855, the median home is worth $88,100 and median gross rent runs $629 a month.

Population
407Loraine village residents
Median household income
$56,855Past 12 months, inflation adjusted
Median home value
$88,100Owner-occupied units
Median gross rent
$629Rent plus utilities, monthly
Median age
48.6 yrsAll residents
Homeownership rate
84.5%Owner-occupied households

What the numbers mean in Loraine village

Housing cost measured against local earnings.

A household earning the Loraine village median would spend about 13.3% 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 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.1% of residents and 84.5% 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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