Housing data for Lake Township, IL
Lake Township, IL has an estimated 804 residents and 310 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Clinton County.
10.9% of households rent.
The median gross rent is $675 a month.
Figures last updated on .
- Residents
- 804 (±224)
- Housing units
- 310 (±65)
- Households that rent
- 10.9%
- Median gross rent
- $675
- Residents since 2015–2019
- +13.9%
What stands out in Lake Township
Working from home: 1.0% (±1.4 points) in Lake Township, lower than in Clinton County (12.6%).
Households that rent: 10.9% (±6.2 points) in Lake Township, lower than in Clinton County (19.7%).
Median real estate taxes: $2,131 (±$268) in Lake Township, lower than in Clinton County ($3,524).
Median home value: $126,800 (±$18,384) in Lake Township, lower than in Clinton County ($192,400).
Housing in Lake Township at a glance
- Median rent: $675 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 5.6% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 10.9% of households rent (Small sample: wide margin of error)
- Income and affordability: $73,448 median household income
- Home values: $126,800 median home value
- Homeowner costs: $1,333 median monthly cost with a mortgage
- Property taxes: $2,131 median real estate taxes a year
- Types of homes: 2.6% of homes are in buildings of 5 or more units
- Bedrooms: 74.2% of homes have 3 or more bedrooms
- Age of homes: 77.1% of homes were built before 1980
- Vacancy rate: 15.8% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 58.2% heat with utility gas
- Commute and cars: 24.1 minutes average trip to work
- Growth: +13.9% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 18.4% 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)
- Fair Market Rent: $960 Small Area FMR, 2 bedrooms (ZIP 62250)
Lake Township against Clinton County, its state and the nation
| Lake Township | Clinton County | Illinois | United States | |
|---|---|---|---|---|
| Residents | 804 (±224) | 36,954 (exact) | 12,694,798 (exact) | 334,922,499 |
| Housing units | 310 (±65) | 15,765 (±92) | 5,457,452 (±471) | 143,775,355 |
| Households that rent | 10.9% (±6.2 points) | 19.7% (±1.8 points) | 32.9% (±0.2 points) | 34.8% |
| Median gross rent | $675 (±$95) | $912 (±$52) | $1,274 (±$5) | $1,413 |
| Median household income | $73,448 (±$7,331) | $86,588 (±$4,464) | $83,390 (±$362) | $80,734 |
| Median home value | $126,800 (±$18,384) | $192,400 (±$6,257) | $263,300 (±$797) | $332,700 |
| Median real estate taxes (a year) | $2,131 (±$268) | $3,524 (±$131) | $5,298 (±$22) | $3,119 |
| Built before 1980 | 77.1% (±19.3 points) | 54.6% (±3.2 points) | 63.4% (±0.2 points) | 49.7% |
| Average commute | 24.1 minutes (±5.0) | 25.9 minutes (±1.3) | 27.8 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 91.2% (±5.2 points) | 90.8% (±1.3 points) | 90.8% (±0.1 points) | 91.0% |
| Median age of residents | 33.6 years (±6.6) | 41.5 years (±0.7) | 39.0 years (±0.1) | 38.9 years |
Lake Township covers 29.8 square miles of land, about 27 residents per square mile (Census Bureau Gazetteer).
How Lake Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 706 (±185) | 804 (±224) | +13.9% | Not a measurable change |
| Housing units | 293 (±55) | 310 (±65) | +5.8% | Not a measurable change |
| Median gross rent | $783 (±$225) | $675 (±$95) | −13.8% | No measurable change after inflation |
| Median home value | $110,300 (±$17,089) | $126,800 (±$18,384) | +15.0% | No measurable change after inflation |
| Median household income | $77,344 (±$29,765) | $73,448 (±$7,331) | −5.0% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,403 (±$324) | $1,333 (±$72) | −5.0% | No measurable change after inflation |
| Median real estate taxes | $1,971 (±$443) | $2,131 (±$268) | +8.1% | No measurable change after inflation |
| Households that rent | 7.0% (±5.1 points) | 10.9% (±6.2 points) | +3.9 percentage points | Not a measurable change |
| Rental vacancy rate | 28.6% (±39.8 points) | 15.8% (±24.7 points) | −12.8 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.
ZIP codes in Lake Township
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 62250 | 100% | 607 | $675 | $106,700 | $66,667 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Lake Township
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Hoffman | 3.4 mi | $675 | $106,700 | 14.3% |
| Hoyleton Township | 4.8 mi | $1,063 | $127,500 | 29.6% |
| Brookside Township | 5.5 mi | $630 | $94,600 | 29.6% |
| Hoyleton | 5.9 mi | $1,063 | $100,000 | 14.6% |
| Huey | 6.1 mi | — | $83,000 | 14.6% |
| Santa Fe Township | 6.1 mi | $593 | $205,500 | 7.1% |
| New Minden | 6.3 mi | — | $95,000 | 8.5% |
| Carlyle Township | 6.5 mi | $991 | $168,000 | 19.2% |
Places in Illinois most like Lake Township
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Laenna Township | $679 | $135,200 | $74,531 | 13.9% |
| Timber Township | $676 | $158,400 | $73,730 | 11.1% |
| Mendon Township | $667 | $133,400 | $76,048 | 14.4% |
| Hoffman | $675 | $106,700 | $66,667 | 14.3% |
| Truro Township | $630 | $128,300 | $86,417 | 9.1% |
| Windsor Township | $732 | $136,000 | $69,722 | 15.9% |
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 Township, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,064 | $1,104 | $1,349 | $1,731 | $1,997 |
HUD also publishes a Small Area Fair Market Rent for each ZIP code in the area; the Fair Market Rent page for this place lists its ZIP codes.
HUD income limits for Lake Township, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $23,850 | $39,750 | $63,600 |
| 2 people | $27,250 | $45,400 | $72,650 |
| 3 people | $30,650 | $51,100 | $81,750 |
| 4 people | $34,050 | $56,750 | $90,800 |
| 5 people | $38,680 | $61,300 | $98,100 |
| 6 people | $44,360 | $65,850 | $105,350 |
| 7 people | $50,040 | $70,400 | $112,600 |
| 8 people | $55,720 | $74,950 | $119,900 |
These are the limits HUD sets for its housing programs in the St. Louis, MO-IL HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $113,500.
A program can use its own limits; tax-credit and local programs often do.
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 Township
What is the median household income in Lake Township?
The median household income in Lake Township is $73,448 (±$7,331) a year (2020–2024 American Community Survey).
What is the average home value in Lake Township, IL?
The Census Bureau publishes the median: $126,800 (±$18,384) for owner-occupied homes in Lake Township (2020–2024 American Community Survey).
What is the average mortgage payment in Lake Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lake Township, IL is $1,333 (±$72) a month, including taxes, insurance and utilities.
How much are property taxes in Lake Township?
The median real estate tax paid by homeowners in Lake Township, IL is $2,131 (±$268) a year (2020–2024 American Community Survey).
How many homes are in Lake Township?
Lake Township, IL has an estimated 310 (±65) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Lake Township?
The most common size is 3 bedrooms, 51.0% of homes in Lake Township, IL.
Is Lake Township growing?
In Lake Township, the number of residents went from 706 in 2015–2019 to 804 in 2020–2024 (+13.9%), not a measurable change.
What ZIP codes are in Lake Township?
The ZIP code that covers Lake Township is 62250.
What is the median rent in ZIP code 62250?
The median gross rent in ZIP Code Tabulation Area 62250 is $675 (±$95) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lake township, Clinton County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake township, Clinton County, Illinois
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake township, Clinton County, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lake township, Clinton County, Illinois
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Lake township, Clinton County, Illinois
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lake township, Clinton County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake township, Clinton County, Illinois
- HUD Fair Market Rents, fiscal year 2027: St. Louis, MO-IL HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: St. Louis, MO-IL HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- 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 township, Clinton County, Illinois (county subdivision:40871, in state:17 county:027).
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 .