Housing data for Lake of the Woods, IL
Lake of the Woods, IL has an estimated 2,091 residents and 803 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in Champaign County.
13.9% of households rent.
The median gross rent is $1,190 a month.
Figures last updated on .
- Residents
- 2,091 (±433)
- Housing units
- 803 (±164)
- Households that rent
- 13.9%
- Median gross rent
- $1,190
- Residents since 2015–2019
- −13.0%
What stands out in Lake of the Woods
Working from home: 0.0% (±4.6 points) in Lake of the Woods, lower than in Champaign County (15.5%).
Households that rent: 13.9% (±10.3 points) in Lake of the Woods, lower than in Champaign County (46.0%).
Homes in buildings of 5 or more units: 3.2% (±8.5 points) in Lake of the Woods, lower than in Champaign County (33.0%).
Households that moved in since 2020: 18.9% (±11.3 points) in Lake of the Woods, lower than in Champaign County (36.9%).
Housing in Lake of the Woods at a glance
- Median rent: $1,190 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 78.6% of renters pay 30% or more of income
- Renters and owners: 13.9% of households rent (Small sample: wide margin of error)
- Income and affordability: $61,625 median household income
- Home values: $193,500 median home value
- Homeowner costs: $1,647 median monthly cost with a mortgage
- Property taxes: $3,471 median real estate taxes a year (Small sample: wide margin of error)
- Types of homes: 3.2% of homes are in buildings of 5 or more units
- Bedrooms: 76.9% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 32.0% of homes were built before 1980 (Small sample: wide margin of error)
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 64.9% heat with utility gas
- Commute and cars: 18.1 minutes average trip to work
- Growth: −13.0% residents since 2015–2019
- How long people stay: 18.9% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Lake of the Woods against Champaign County, its state and the nation
| Lake of the Woods | Champaign County | Illinois | United States | |
|---|---|---|---|---|
| Residents | 2,091 (±433) | 208,741 (exact) | 12,694,798 (exact) | 334,922,499 |
| Housing units | 803 (±164) | 95,115 (±182) | 5,457,452 (±471) | 143,775,355 |
| Households that rent | 13.9% (±10.3 points) | 46.0% (±1.1 points) | 32.9% (±0.2 points) | 34.8% |
| Median gross rent | $1,190 (±$818) | $1,051 (±$21) | $1,274 (±$5) | $1,413 |
| Median household income | $61,625 (±$23,542) | $63,683 (±$1,675) | $83,390 (±$362) | $80,734 |
| Median home value | $193,500 (±$82,082) | $211,500 (±$4,486) | $263,300 (±$797) | $332,700 |
| Median real estate taxes (a year) | $3,471 (±$2,296) | $4,353 (±$108) | $5,298 (±$22) | $3,119 |
| Built before 1980 | 32.0% (±17.4 points) | 48.4% (±1.8 points) | 63.4% (±0.2 points) | 49.7% |
| Average commute | 18.1 minutes (±4.2) | 16.9 minutes (±0.4) | 27.8 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 95.4% (±4.5 points) | 90.5% (±0.7 points) | 90.8% (±0.1 points) | 91.0% |
| Median age of residents | 37.9 years (±8.2) | 30.7 years (±0.1) | 39.0 years (±0.1) | 38.9 years |
Lake of the Woods covers 1.7 square miles of land, about 1,243 residents per square mile (Census Bureau Gazetteer).
How Lake of the Woods has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 2,404 (±389) | 2,091 (±433) | −13.0% | Not a measurable change |
| Housing units | 1,046 (±186) | 803 (±164) | −23.2% | Not a measurable change |
| Median gross rent | $926 (±$414) | $1,190 (±$818) | +28.5% | No measurable change after inflation |
| Median home value | $114,600 (±$41,928) | $193,500 (±$82,082) | +68.8% | No measurable change after inflation |
| Median household income | $58,034 (±$11,467) | $61,625 (±$23,542) | +6.2% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,307 (±$152) | $1,647 (±$288) | +26.0% | No measurable change after inflation |
| Median real estate taxes | $2,658 (±$703) | $3,471 (±$2,296) | +30.6% | No measurable change after inflation |
| Households that rent | 14.0% (±8.7 points) | 13.9% (±10.3 points) | −0.1 percentage points | Not a measurable change |
| Rental vacancy rate | 31.4% (±40.0 points) | 0.0% (±27.8 points) | −31.4 percentage points | Not a measurable change |
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.
Crime reported to police in Champaign County
Lake of the Woods has no police department of its own in the FBI’s figures, so this is the figure for Champaign County as a whole.
In 2025, the police departments that report for Champaign County recorded 330 violent and 1,640 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
Places near Lake of the Woods
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Mahomet | 1.3 mi | $1,396 | $299,100 | 20.5% |
| Mahomet Township | 2.2 mi | $1,368 | $278,100 | 17.3% |
| Hensley Township | 4.3 mi | $1,181 | $149,200 | 22.9% |
| Newcomb Township | 4.3 mi | — | $374,800 | 4.4% |
| Condit Township | 6.1 mi | — | $212,500 | 2.3% |
| Bondville | 6.5 mi | $1,292 | $168,200 | 29.2% |
| Mansfield | 7.1 mi | $1,021 | $142,200 | 19.0% |
| Fisher | 7.7 mi | $917 | $190,100 | 12.8% |
Places in Illinois most like Lake of the Woods
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Woodlawn | $1,009 | $132,700 | $72,500 | 16.9% |
| Versailles Township | $1,255 | $159,400 | $73,333 | 19.2% |
| Casner Township | $977 | $136,000 | $65,313 | 11.5% |
| Harlem Township (Winnebago County) | $1,150 | $181,900 | $77,883 | 23.4% |
| Hillcrest | $1,295 | $164,200 | $80,568 | 17.7% |
| Raccoon Township | $994 | $112,900 | $78,487 | 19.6% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Illinois.
HUD Fair Market Rent for Lake of the Woods, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $983 | $996 | $1,173 | $1,474 | $1,542 |
HUD income limits for Lake of the Woods, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $23,300 | $38,850 | $62,100 |
| 2 people | $26,600 | $44,400 | $71,000 |
| 3 people | $29,950 | $49,950 | $79,850 |
| 4 people | $33,250 | $55,450 | $88,700 |
| 5 people | $38,680 | $59,900 | $95,800 |
| 6 people | $44,360 | $64,350 | $102,900 |
| 7 people | $50,040 | $68,800 | $110,000 |
| 8 people | $55,720 | $73,200 | $117,100 |
These are the limits HUD sets for its housing programs in the Champaign-Urbana, IL HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $114,300.
A program can use its own limits; tax-credit and local programs often do.
Lake of the Woods is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
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 Lake of the Woods
Are renters in Lake of the Woods rent-burdened?
78.6% of renting households in Lake of the Woods pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What is the median household income in Lake of the Woods?
The median household income in Lake of the Woods is $61,625 (±$23,542) a year (2020–2024 American Community Survey).
What is the average home value in Lake of the Woods, IL?
The Census Bureau publishes the median: $193,500 (±$82,082) for owner-occupied homes in Lake of the Woods (2020–2024 American Community Survey).
What is the average mortgage payment in Lake of the Woods?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lake of the Woods, IL is $1,647 (±$288) a month, including taxes, insurance and utilities.
How many homes are in Lake of the Woods?
Lake of the Woods, IL has an estimated 803 (±164) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common way to heat a home in Lake of the Woods?
Utility gas is the most common heating fuel in Lake of the Woods, used by 64.9% of occupied homes (2020–2024 American Community Survey).
Is Lake of the Woods growing?
In Lake of the Woods, the number of residents went from 2,404 in 2015–2019 to 2,091 in 2020–2024 (−13.0%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lake of the Woods CDP, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake of the Woods CDP, Illinois
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake of the Woods CDP, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lake of the Woods CDP, Illinois
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Lake of the Woods CDP, Illinois
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lake of the Woods CDP, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake of the Woods CDP, Illinois
- HUD Fair Market Rents, fiscal year 2027: Champaign-Urbana, IL HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Champaign-Urbana, IL HUD Metro FMR Area
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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) for Lake of the Woods CDP, Illinois (place:41346, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .