What is the median rent in Olio Township, IL?
The median gross rent in Olio Township, IL is $715 (±$73) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 561 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Olio Township, the median gross rent went from $607 in 2015–2019 to $715 in 2020–2024 (+17.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $715 (±$73)
- Rented homes
- 561 (±183)
- $2,000 or more
- 4.3%
- Since 2015–2019
- +17.8%
How much rent costs in Olio Township
| Monthly gross rent | Olio Township | Woodford County | Illinois | United States |
|---|---|---|---|---|
| Less than $500 | 17.6% (±13.9 points) | 8.9% | 7.0% | 6.3% |
| $500 to $999 | 67.6% (±21.4 points) | 49.0% | 23.5% | 20.2% |
| $1,000 to $1,499 | 7.8% (±8.1 points) | 33.8% | 32.6% | 28.1% |
| $1,500 to $1,999 | 2.7% (±4.6 points) | 6.2% | 18.7% | 21.1% |
| $2,000 to $2,499 | 4.3% (±6.4 points) | 1.5% | 9.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±6.5 points) | 0.6% | 4.1% | 5.5% |
| $3,000 or more | 0.0% (±6.5 points) | 0.0% | 4.4% | 6.8% |
The most common range is $500 to $999, paid by 67.6% of renting households.
4.3% of rented homes in Olio Township cost $2,000 or more a month.
Olio Township against Woodford County, its state and the nation
| Olio Township | Woodford County | Illinois | United States | |
|---|---|---|---|---|
| Median gross rent | $715 (±$73) | $912 (±$86) | $1,274 (±$5) | $1,413 |
| Rented homes paying rent | 561 (±183) | 1,924 (±256) | 1,587,238 (±10,609) | 42,849,984 |
In Olio Township, median gross rent is lower than in Woodford County ($912).
It is also lower than in Illinois ($1,274).
It is lower than the national figure ($1,413).
In Woodford County, Olio Township ranks 23 of 24 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 1736 of 2,063.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Olio Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $607 (±$127) | $715 (±$73) | +17.8% | No measurable change after inflation |
| Households that rent | 37.7% (±8.4 points) | 27.9% (±8.1 points) | −9.8 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±4.2 points) | 0.0% (±6.3 points) | 0.0 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.
Median gross rent in places near Olio Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Olio Township | — | $715 (±$73) | — |
| Eureka | 2.9 mi | $692 (±$98) | Not measurably different |
| Montgomery Township (Woodford County) | 4.6 mi | $1,084 (±$99) | Higher |
| Secor | 5.0 mi | $782 (±$17) | Not measurably different |
| Roanoke Township | 5.6 mi | $1,101 (±$94) | Higher |
| Palestine Township | 5.9 mi | $1,078 (±$291) | Higher |
| Goodfield | 6.0 mi | $1,156 (±$250) | Higher |
| Roanoke | 6.0 mi | $1,101 (±$94) | Higher |
| Congerville | 6.7 mi | $1,054 (±$182) | Higher |
Nearby places with a measurably higher figure: Montgomery Township (Woodford County), IL ($1,084), Roanoke Township, IL ($1,101), Palestine Township, IL ($1,078).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Woodford County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 17 | El Paso Township | $888 (±$135) |
| 18 | El Paso | $881 (±$149) |
| 19 | Metamora Township | $860 (±$483) |
| 20 | Washburn | $856 (±$164) |
| 21 | Bay View Gardens | $787 (±$55) |
| 22 | Secor | $782 (±$17) |
| 23 | Olio Township | $715 (±$73) |
| 24 | Eureka | $692 (±$98) |
Showing 8 of 24 places in Woodford 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 Olio Township
What is the average rent in Olio Township, IL?
The Census Bureau publishes the median rather than the average: the median gross rent in Olio Township is $715 (±$73) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Olio Township?
In Olio Township, the median gross rent went from $607 in 2015–2019 to $715 in 2020–2024 (+17.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Olio Township cost more than $2,000 a month?
4.3% of rented homes in Olio Township have a gross rent of $2,000 or more a month, and 17.6% cost less than $500.
Is rent in Olio Township higher than in Woodford County?
In Olio Township, median gross rent is lower than in Woodford County ($912).
It is also lower than in Illinois ($1,274).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Olio township, Woodford County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Olio township, Woodford County, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Olio township, Woodford 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) for Olio township, Woodford County, Illinois (county subdivision:55821, in state:17 county:203).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
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 Olio Township at a glance
- Rent by bedrooms in Olio Township
- Rent burden in Olio Township
- Renters and owners in Olio Township
- Income and affordability in Olio Township
- Home values in Olio Township
- Homeowner costs in Olio Township
- Property taxes in Olio Township
- Types of homes in Olio Township
- Bedrooms in Olio Township
- Age of homes in Olio Township
- Heating fuel in Olio Township
- Commute and cars in Olio Township
- Population growth in Olio Township
- How long people stay in Olio Township
- Illinois landlord and tenant rules
- Housing across Woodford County
- Illinois places ranked by median rent
- Housing data for every place in Illinois