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

Tenure, estimate (90% margin of error)
Buffalo GroveLake CountyIllinoisUnited States
Renter-occupied share20.2% (±2.4 points)25.2% (±0.6 points)32.9% (±0.2 points)34.8%
Renting households3,268 (±420)65,052 (±1,537)1,657,539 (±10,322)45,017,354
Owning households12,945 (±457)193,403 (±1,802)3,378,910 (±14,728)84,210,142
Average renter household size2.4 (±0.1)2.3 (±0.1)2.2 (±0.0)2.3
Average owner household size2.7 (±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 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent20.2% (±1.7 points)20.2% (±2.4 points)0.0 percentage pointsNot 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

Nearest places with a published estimate, compared with Buffalo Grove
PlaceDistanceHouseholds that rentCompared with this place
Buffalo Grove—20.2% (±2.4 points)—
Vernon Township2.4 mi26.3% (±2.1 points)Higher
Lincolnshire3.1 mi21.8% (±5.2 points)Not measurably different
Long Grove3.2 mi3.7% (±2.3 points)Lower
Wheeling3.3 mi37.3% (±3.4 points)Higher
Riverwoods3.5 mi6.7% (±5.8 points)Lower
Wheeling Township4.0 mi23.8% (±1.5 points)Higher
Indian Creek4.3 mi7.7% (±6.0 points)Lower
Kildeer4.6 mi1.3% (±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

RankPlaceHouseholds that rent
28 (tie)Grayslake21.8% (±3.3 points)
28 (tie)Lincolnshire21.8% (±5.2 points)
30 (tie)Round Lake Beach20.7% (±3.6 points)
30 (tie)Moraine Township20.7% (±2.6 points)
32Antioch Township20.4% (±3.0 points)
33Wauconda Township20.3% (±3.3 points)
34Buffalo Grove20.2% (±2.4 points)
35Libertyville19.7% (±2.7 points)
36Channel Lake18.8% (±9.2 points)
37Volo18.0% (±10.1 points)
38 (tie)Deerfield17.5% (±3.3 points)
38 (tie)Long Lake17.5% (±8.4 points)
40Benton 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.

What you can do on Seayora in Buffalo Grove

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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

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.

Request a Census API 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 .

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