What percentage of people rent in Lake Villa Township, IL?
15.0% (±2.0 points) of the occupied homes in Lake Villa Township, IL are rented (2020–2024 American Community Survey).
That is 2,048 renting households against 11,644 that own their home.
In Lake Villa Township, the share of households that rent went from 17.3% in 2015–2019 to 15.0% in 2020–2024 (−2.3 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 15.0% (±2.0 points)
- Renting households
- 2,048 (±303)
- Median renter income
- $84,457 (±$11,809)
Who rents and who owns in Lake Villa Township
| Lake Villa Township | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Renter-occupied share | 15.0% (±2.0 points) | 25.2% (±0.6 points) | 32.9% (±0.2 points) | 34.8% |
| Renting households | 2,048 (±303) | 65,052 (±1,537) | 1,657,539 (±10,322) | 45,017,354 |
| Owning households | 11,644 (±470) | 193,403 (±1,802) | 3,378,910 (±14,728) | 84,210,142 |
| Average renter household size | 2.5 (±0.3) | 2.3 (±0.1) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 3.0 (±0.1) | 2.8 (±0.0) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $84,457 (±$11,809) | $60,278 (±$2,115) | $50,420 (±$471) | $52,966 |
| Median owner household income | $125,783 (±$7,249) | $134,561 (±$2,098) | $103,505 (±$377) | $100,009 |
In Lake Villa Township, 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, Lake Villa Township ranks 44 of 71 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 1691 of 2,751.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Lake Villa Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 17.3% (±1.9 points) | 15.0% (±2.0 points) | −2.3 percentage points | Not a measurable change |
| Median gross rent | $1,302 (±$87) | $1,666 (±$93) | +28.0% | No measurable change after inflation |
| Median household income | $98,241 (±$3,403) | $119,947 (±$3,899) | +22.1% | No measurable change 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 Lake Villa Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Lake Villa Township | — | 15.0% (±2.0 points) | — |
| Venetian Village | 1.0 mi | 16.2% (±9.0 points) | Not measurably different |
| Lake Villa | 1.1 mi | 25.7% (±6.0 points) | Higher |
| Lindenhurst | 1.9 mi | 14.5% (±4.5 points) | Not measurably different |
| Round Lake Beach | 2.3 mi | 20.7% (±3.6 points) | Higher |
| Round Lake Heights | 2.9 mi | 23.7% (±8.8 points) | Not measurably different |
| Fox Lake Hills | 3.2 mi | 9.4% (±5.3 points) | Not measurably different |
| Avon Township | 3.8 mi | 22.4% (±2.3 points) | Higher |
| Grandwood Park | 4.0 mi | 12.6% (±4.7 points) | Not measurably different |
Nearby places with a measurably higher figure: Lake Villa, IL (25.7%), Round Lake Beach, IL (20.7%), Avon Township, IL (22.4%).
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 |
|---|---|---|
| 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) |
| 41 | Gages Lake | 17.0% (±3.8 points) |
| 42 (tie) | Highland Park | 16.2% (±2.4 points) |
| 42 (tie) | Venetian Village | 16.2% (±9.0 points) |
| 44 | Lake Villa Township | 15.0% (±2.0 points) |
| 45 | Lindenhurst | 14.5% (±4.5 points) |
| 46 | Ela Township | 13.5% (±2.2 points) |
| 47 | Beach Park | 13.2% (±3.8 points) |
| 48 | Winthrop Harbor | 12.7% (±4.1 points) |
| 49 (tie) | Grandwood Park | 12.6% (±4.7 points) |
| 49 (tie) | Round Lake Park | 12.6% (±4.9 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 Lake Villa Township
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Questions about Lake Villa Township
How many renters are there in Lake Villa Township?
Lake Villa Township has an estimated 2,048 (±303) renting households, 15.0% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Lake Villa Township?
In Lake Villa Township, the share of households that rent went from 17.3% in 2015–2019 to 15.0% in 2020–2024 (−2.3 percentage points), not a measurable change.
How big are renting households in Lake Villa Township?
A renting household in Lake Villa Township has 2.5 people on average, against 3.0 in an owned home.
How much do renters earn in Lake Villa Township?
The median renting household in Lake Villa Township, IL has an income of $84,457 (±$11,809) a year, against $125,783 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Villa township, Lake County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake Villa township, Lake County, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lake Villa township, Lake County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Villa township, Lake County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lake Villa township, Lake County, 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 Lake Villa township, Lake County, Illinois (county subdivision:41599, in state:17 county:097).
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
- Housing in Lake Villa Township at a glance
- Median rent in Lake Villa Township
- Rent by bedrooms in Lake Villa Township
- Rent burden in Lake Villa Township
- Income and affordability in Lake Villa Township
- Home values in Lake Villa Township
- Homeowner costs in Lake Villa Township
- Property taxes in Lake Villa Township
- Types of homes in Lake Villa Township
- Bedrooms in Lake Villa Township
- Age of homes in Lake Villa Township
- Vacancy rate in Lake Villa Township
- Heating fuel in Lake Villa Township
- Commute and cars in Lake Villa Township
- Population growth in Lake Villa Township
- How long people stay in Lake Villa Township
- Crowding and facilities in Lake Villa Township
- Fair Market Rent in Lake Villa Township
- Illinois landlord and tenant rules
- Housing across Lake County
- Illinois places ranked by share of renters
- Housing data for every place in Illinois