What percentage of people rent in Oakwood Hills, IL?
8.5% (±3.5 points) of the occupied homes in Oakwood Hills, IL are rented (2020–2024 American Community Survey).
That is 80 renting households against 856 that own their home.
In Oakwood Hills, the share of households that rent went from 13.1% in 2015–2019 to 8.5% in 2020–2024 (−4.6 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 8.5% (±3.5 points)
- Renting households
- 80 (±36)
- Median renter income
- $67,250 (±$60,878)
Who rents and who owns in Oakwood Hills
| Oakwood Hills | McHenry County | Illinois | United States | |
|---|---|---|---|---|
| Renter-occupied share | 8.5% (±3.5 points) | 17.3% (±1.0 points) | 32.9% (±0.2 points) | 34.8% |
| Renting households | 80 (±36) | 20,335 (±1,135) | 1,657,539 (±10,322) | 45,017,354 |
| Owning households | 856 (±148) | 97,259 (±1,207) | 3,378,910 (±14,728) | 84,210,142 |
| Average renter household size | 2.6 (±0.7) | 2.3 (±0.1) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.3) | 2.7 (±0.0) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $67,250 (±$60,878) | $56,791 (±$4,428) | $50,420 (±$471) | $52,966 |
| Median owner household income | $115,500 (±$19,565) | $118,391 (±$2,446) | $103,505 (±$377) | $100,009 |
In Oakwood Hills, the renter share is lower than in McHenry County (17.3%).
It is also lower than in Illinois (32.9%).
It is lower than the national figure (34.8%).
In McHenry County, Oakwood Hills ranks 32 of 46 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 2206 of 2,751.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Oakwood Hills has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 13.1% (±5.9 points) | 8.5% (±3.5 points) | −4.6 percentage points | Not a measurable change |
| Median gross rent | $1,255 (±$187) | $1,886 (±$210) | +50.3% | Up after inflation |
| Median household income | $96,719 (±$4,236) | $109,907 (±$16,963) | +13.6% | 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 Oakwood Hills
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Oakwood Hills | — | 8.5% (±3.5 points) | — |
| Port Barrington | 2.3 mi | 3.0% (±2.7 points) | Lower |
| Prairie Grove | 2.3 mi | 3.8% (±2.4 points) | Lower |
| Cary | 2.5 mi | 15.2% (±4.0 points) | Higher |
| Island Lake | 2.9 mi | 17.3% (±5.7 points) | Higher |
| Nunda Township | 3.1 mi | 17.7% (±2.3 points) | Higher |
| Holiday Hills | 3.4 mi | 8.8% (±5.8 points) | Not measurably different |
| Trout Valley | 3.7 mi | 1.7% (±2.3 points) | Lower |
| Fox River Grove | 3.9 mi | 12.6% (±8.3 points) | Not measurably different |
Nearby places with a measurably lower figure: Port Barrington, IL (3.0%), Prairie Grove, IL (3.8%), Trout Valley, IL (1.7%).
Nearby places with a measurably higher figure: Cary, IL (15.2%), Island Lake, IL (17.3%), Nunda Township, IL (17.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across McHenry County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 26 | Coral Township | 12.2% (±10.7 points) |
| 27 | Algonquin | 11.8% (±2.3 points) |
| 28 | Huntley | 11.1% (±3.7 points) |
| 29 | Alden Township | 11.0% (±8.1 points) |
| 30 | Pistakee Highlands | 10.4% (±5.3 points) |
| 31 | Holiday Hills | 8.8% (±5.8 points) |
| 32 | Oakwood Hills | 8.5% (±3.5 points) |
| 33 | Burton Township (McHenry County) | 8.3% (±5.5 points) |
| 34 | Grafton Township | 8.2% (±2.1 points) |
| 35 (tie) | Johnsburg | 6.9% (±4.5 points) |
| 35 (tie) | Ringwood | 6.9% (±6.0 points) |
| 37 | Seneca Township | 5.8% (±6.7 points) |
| 38 | Riley Township | 4.0% (±4.6 points) |
Showing 13 of 46 places in McHenry 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 Oakwood Hills
How many renters are there in Oakwood Hills?
Oakwood Hills has an estimated 80 (±36) renting households, 8.5% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Oakwood Hills?
In Oakwood Hills, the share of households that rent went from 13.1% in 2015–2019 to 8.5% in 2020–2024 (−4.6 percentage points), not a measurable change.
How big are renting households in Oakwood Hills?
A renting household in Oakwood Hills has 2.6 people on average, against 2.6 in an owned home.
How much do renters earn in Oakwood Hills?
The median renting household in Oakwood Hills, IL has an income of $67,250 (±$60,878) a year, against $115,500 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Oakwood Hills village, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Oakwood Hills village, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Oakwood Hills village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Oakwood Hills village, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Oakwood Hills 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 Oakwood Hills village, Illinois (place:55041, 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
- Housing in Oakwood Hills at a glance
- Income and affordability in Oakwood Hills
- Home values in Oakwood Hills
- Homeowner costs in Oakwood Hills
- Property taxes in Oakwood Hills
- Types of homes in Oakwood Hills
- Bedrooms in Oakwood Hills
- Age of homes in Oakwood Hills
- Heating fuel in Oakwood Hills
- Commute and cars in Oakwood Hills
- Crime reported to police in Oakwood Hills
- Population growth in Oakwood Hills
- How long people stay in Oakwood Hills
- Illinois landlord and tenant rules
- Housing across McHenry County
- Illinois places ranked by share of renters
- Housing data for every place in Illinois