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ZipNumbers

Illinois · Census place 75809

Tovey village, IL

Quick answer

Tovey village has 707 residents, ranking #823 of 1462 places in Illinois. Median household income is $81,250, the median home is worth $78,200 and median gross rent runs $541 a month.

Population
707Tovey village residents
Median household income
$81,250Past 12 months, inflation adjusted
Median home value
$78,200Owner-occupied units
Median gross rent
$541Rent plus utilities, monthly
Median age
26.6 yrsAll residents
Homeownership rate
90.5%Owner-occupied households

What the numbers mean in Tovey village

Housing cost measured against local earnings.

A household earning the Tovey village median would spend about 8% 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 1.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.4% of residents and 90.5% 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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