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ZipNumbers

Illinois · Census place 78227

Volo village, IL

Quick answer

Volo village has 6,398 residents, ranking #295 of 1462 places in Illinois. Median household income is $145,906, the median home is worth $293,800 and median gross rent runs $2,229 a month.

Population
6,398Volo village residents
Median household income
$145,906Past 12 months, inflation adjusted
Median home value
$293,800Owner-occupied units
Median gross rent
$2,229Rent plus utilities, monthly
Median age
34.3 yrsAll residents
Homeownership rate
81.3%Owner-occupied households

What the numbers mean in Volo village

Housing cost measured against local earnings.

A household earning the Volo village median would spend about 18.3% 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 2.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 1.9% of residents and 81.3% 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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