What percentage of people rent in Lake Zurich, IL?
22.2% (±4.4 points) of the occupied homes in Lake Zurich, IL are rented (2020–2024 American Community Survey).
That is 1,640 renting households against 5,752 that own their home.
In Lake Zurich, the share of households that rent went from 16.4% in 2015–2019 to 22.2% in 2020–2024 (+5.8 percentage points), a measurable increase.
Figures last updated on .
- Households that rent
- 22.2% (±4.4 points)
- Renting households
- 1,640 (±354)
- Median renter income
- $64,167 (±$37,212)
Who rents and who owns in Lake Zurich
| Lake Zurich | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Renter-occupied share | 22.2% (±4.4 points) | 25.2% (±0.6 points) | 32.9% (±0.2 points) | 34.8% |
| Renting households | 1,640 (±354) | 65,052 (±1,537) | 1,657,539 (±10,322) | 45,017,354 |
| Owning households | 5,752 (±329) | 193,403 (±1,802) | 3,378,910 (±14,728) | 84,210,142 |
| Average renter household size | 1.8 (±0.3) | 2.3 (±0.1) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 2.9 (±0.1) | 2.8 (±0.0) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $64,167 (±$37,212) | $60,278 (±$2,115) | $50,420 (±$471) | $52,966 |
| Median owner household income | $150,000 (±$15,096) | $134,561 (±$2,098) | $103,505 (±$377) | $100,009 |
In Lake Zurich, the renter share is not measurably different from 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 Zurich ranks 27 of 71 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 1048 of 2,751.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Lake Zurich has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 16.4% (±2.8 points) | 22.2% (±4.4 points) | +5.8 percentage points | Measurable increase |
| Median gross rent | $1,562 (±$138) | $1,909 (±$167) | +22.2% | No measurable change after inflation |
| Median household income | $119,349 (±$7,920) | $135,968 (±$12,238) | +13.9% | 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 Zurich
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Lake Zurich | — | 22.2% (±4.4 points) | — |
| Ela Township | 1.3 mi | 13.5% (±2.2 points) | Lower |
| Deer Park | 2.0 mi | 26.5% (±6.6 points) | Not measurably different |
| Forest Lake | 2.1 mi | 4.5% (±6.0 points) | Lower |
| Kildeer | 2.2 mi | 1.3% (±1.5 points) | Lower |
| North Barrington | 2.3 mi | 1.9% (±1.6 points) | Lower |
| Hawthorn Woods | 3.0 mi | 2.8% (±2.6 points) | Lower |
| Barrington | 3.7 mi | 21.6% (±4.4 points) | Not measurably different |
| Cuba Township | 3.9 mi | 11.5% (±2.3 points) | Lower |
Nearby places with a measurably lower figure: Ela Township, IL (13.5%), Forest Lake, IL (4.5%), Kildeer, IL (1.3%).
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 |
|---|---|---|
| 21 | Wauconda | 24.0% (±4.6 points) |
| 22 | Gurnee | 23.9% (±2.5 points) |
| 23 | Round Lake Heights | 23.7% (±8.8 points) |
| 24 | Round Lake | 22.8% (±6.5 points) |
| 25 | Avon Township | 22.4% (±2.3 points) |
| 26 (tie) | Knollwood | 22.2% (±14.3 points) |
| 26 (tie) | Lake Zurich | 22.2% (±4.4 points) |
| 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) |
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 Lake Zurich
How many renters are there in Lake Zurich?
Lake Zurich has an estimated 1,640 (±354) renting households, 22.2% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Lake Zurich?
In Lake Zurich, the share of households that rent went from 16.4% in 2015–2019 to 22.2% in 2020–2024 (+5.8 percentage points), a measurable increase.
How big are renting households in Lake Zurich?
A renting household in Lake Zurich has 1.8 people on average, against 2.9 in an owned home.
How much do renters earn in Lake Zurich?
The median renting household in Lake Zurich, IL has an income of $64,167 (±$37,212) a year, against $150,000 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Zurich village, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake Zurich village, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lake Zurich village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Zurich village, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lake Zurich 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 Lake Zurich village, Illinois (place:41742, 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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- Bedrooms in Lake Zurich
- Age of homes in Lake Zurich
- Vacancy rate in Lake Zurich
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- Crime reported to police in Lake Zurich
- Population growth in Lake Zurich
- How long people stay in Lake Zurich
- Crowding and facilities in Lake Zurich
- Illinois landlord and tenant rules
- Housing across Lake County
- Illinois places ranked by share of renters
- Housing data for every place in Illinois