What percentage of people rent in Buffalo Grove, IL?
20.2% (±2.4 points) of the occupied homes in Buffalo Grove, IL are rented (2020–2024 American Community Survey).
That is 3,268 renting households against 12,945 that own their home.
In Buffalo Grove, the share of households that rent went from 20.2% in 2015–2019 to 20.2% in 2020–2024 (0.0 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 20.2% (±2.4 points)
- Renting households
- 3,268 (±420)
- Median renter income
- $90,320 (±$9,438)
Who rents and who owns in Buffalo Grove
| Buffalo Grove | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Renter-occupied share | 20.2% (±2.4 points) | 25.2% (±0.6 points) | 32.9% (±0.2 points) | 34.8% |
| Renting households | 3,268 (±420) | 65,052 (±1,537) | 1,657,539 (±10,322) | 45,017,354 |
| Owning households | 12,945 (±457) | 193,403 (±1,802) | 3,378,910 (±14,728) | 84,210,142 |
| Average renter household size | 2.4 (±0.1) | 2.3 (±0.1) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 2.7 (±0.1) | 2.8 (±0.0) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $90,320 (±$9,438) | $60,278 (±$2,115) | $50,420 (±$471) | $52,966 |
| Median owner household income | $141,438 (±$7,276) | $134,561 (±$2,098) | $103,505 (±$377) | $100,009 |
In Buffalo Grove, the renter share is lower than in Lake County (25.2%).
It is also lower than in Illinois (32.9%).
It is lower than the national figure (34.8%).
In Lake County, Buffalo Grove ranks 34 of 71 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 1221 of 2,751.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Buffalo Grove has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 20.2% (±1.7 points) | 20.2% (±2.4 points) | 0.0 percentage points | Not a measurable change |
| Median gross rent | $1,643 (±$71) | $2,037 (±$148) | +24.0% | No measurable change after inflation |
| Median household income | $115,951 (±$3,391) | $129,395 (±$8,479) | +11.6% | Down after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Buffalo Grove
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Buffalo Grove | — | 20.2% (±2.4 points) | — |
| Vernon Township | 2.4 mi | 26.3% (±2.1 points) | Higher |
| Lincolnshire | 3.1 mi | 21.8% (±5.2 points) | Not measurably different |
| Long Grove | 3.2 mi | 3.7% (±2.3 points) | Lower |
| Wheeling | 3.3 mi | 37.3% (±3.4 points) | Higher |
| Riverwoods | 3.5 mi | 6.7% (±5.8 points) | Lower |
| Wheeling Township | 4.0 mi | 23.8% (±1.5 points) | Higher |
| Indian Creek | 4.3 mi | 7.7% (±6.0 points) | Lower |
| Kildeer | 4.6 mi | 1.3% (±1.5 points) | Lower |
Nearby places with a measurably lower figure: Long Grove, IL (3.7%), Riverwoods, IL (6.7%), Indian Creek, IL (7.7%).
Nearby places with a measurably higher figure: Vernon Township, IL (26.3%), Wheeling, IL (37.3%), Wheeling Township, IL (23.8%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Lake County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 28 (tie) | Grayslake | 21.8% (±3.3 points) |
| 28 (tie) | Lincolnshire | 21.8% (±5.2 points) |
| 30 (tie) | Round Lake Beach | 20.7% (±3.6 points) |
| 30 (tie) | Moraine Township | 20.7% (±2.6 points) |
| 32 | Antioch Township | 20.4% (±3.0 points) |
| 33 | Wauconda Township | 20.3% (±3.3 points) |
| 34 | Buffalo Grove | 20.2% (±2.4 points) |
| 35 | Libertyville | 19.7% (±2.7 points) |
| 36 | Channel Lake | 18.8% (±9.2 points) |
| 37 | Volo | 18.0% (±10.1 points) |
| 38 (tie) | Deerfield | 17.5% (±3.3 points) |
| 38 (tie) | Long Lake | 17.5% (±8.4 points) |
| 40 | Benton Township (Lake County) | 17.3% (±4.4 points) |
Showing 13 of 71 places in Lake County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Buffalo Grove
How many renters are there in Buffalo Grove?
Buffalo Grove has an estimated 3,268 (±420) renting households, 20.2% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Buffalo Grove?
In Buffalo Grove, the share of households that rent went from 20.2% in 2015–2019 to 20.2% in 2020–2024 (0.0 percentage points), not a measurable change.
How big are renting households in Buffalo Grove?
A renting household in Buffalo Grove has 2.4 people on average, against 2.7 in an owned home.
How much do renters earn in Buffalo Grove?
The median renting household in Buffalo Grove, IL has an income of $90,320 (±$9,438) a year, against $141,438 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Buffalo Grove village, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Buffalo Grove village, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Buffalo Grove village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Buffalo Grove village, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Buffalo Grove village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Buffalo Grove village, Illinois (place:09447, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Fair Market Rent in Buffalo Grove
- Illinois landlord and tenant rules
- Housing across Lake County
- Illinois places ranked by share of renters
- Housing data for every place in Illinois