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ZipNumbers

Illinois · Census place 79163

Waterman village, IL

Quick answer

Waterman village has 1,419 residents, ranking #602 of 1462 places in Illinois. Median household income is $97,386, the median home is worth $212,900 and median gross rent runs $897 a month.

Population
1,419Waterman village residents
Median household income
$97,386Past 12 months, inflation adjusted
Median home value
$212,900Owner-occupied units
Median gross rent
$897Rent plus utilities, monthly
Median age
35.6 yrsAll residents
Homeownership rate
86.1%Owner-occupied households

What the numbers mean in Waterman village

Housing cost measured against local earnings.

A household earning the Waterman village median would spend about 11.1% 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 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.2% of residents and 86.1% 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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