What percentage of people rent in Potomac, IL?
24.0% (±10.3 points) of the occupied homes in Potomac, IL are rented (2020–2024 American Community Survey).
That is 63 renting households against 199 that own their home.
In Potomac, the share of households that rent went from 22.8% in 2015–2019 to 24.0% in 2020–2024 (+1.2 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 24.0% (±10.3 points)
- Renting households
- 63 (±31)
- Median renter income
- $43,672 (±$2,496)
Who rents and who owns in Potomac
| Potomac | Vermilion County | Illinois | United States | |
|---|---|---|---|---|
| Renter-occupied share | 24.0% (±10.3 points) | 29.8% (±1.9 points) | 32.9% (±0.2 points) | 34.8% |
| Renting households | 63 (±31) | 8,955 (±586) | 1,657,539 (±10,322) | 45,017,354 |
| Owning households | 199 (±47) | 21,129 (±605) | 3,378,910 (±14,728) | 84,210,142 |
| Average renter household size | 2.2 (±0.8) | 2.2 (±0.1) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 2.4 (±0.3) | 2.4 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $43,672 (±$2,496) | $32,465 (±$3,456) | $50,420 (±$471) | $52,966 |
| Median owner household income | $57,250 (±$10,227) | $74,375 (±$3,099) | $103,505 (±$377) | $100,009 |
In Potomac, the renter share is not measurably different from Vermilion County (29.8%).
It is not measurably different from Illinois (32.9%).
It is lower than the national figure (34.8%).
In Vermilion County, Potomac ranks 17 of 40 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 905 of 2,751.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Potomac has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 22.8% (±7.8 points) | 24.0% (±10.3 points) | +1.2 percentage points | Not a measurable change |
| Median gross rent | $641 (±$90) | $780 (±$24) | +21.7% | No measurable change after inflation |
| Median household income | $50,341 (±$7,450) | $53,194 (±$5,576) | +5.7% | 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 Potomac
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Potomac | — | 24.0% (±10.3 points) | — |
| Middlefork Township | 2.3 mi | 17.6% (±6.7 points) | Not measurably different |
| Henning | 5.1 mi | 20.0% (±12.4 points) | Not measurably different |
| Pilot Township (Vermilion County) | 6.8 mi | 3.0% (±2.6 points) | Lower |
| South Ross Township | 7.7 mi | 26.4% (±11.2 points) | Not measurably different |
| Blount Township | 8.2 mi | 8.6% (±3.7 points) | Lower |
| Rossville | 8.5 mi | 30.6% (±9.4 points) | Not measurably different |
| Butler Township | 8.9 mi | 22.4% (±12.1 points) | Not measurably different |
| Ross Township (Vermilion County) | 9.4 mi | 28.9% (±9.1 points) | Not measurably different |
Nearby places with a measurably lower figure: Pilot Township (Vermilion County), IL (3.0%), Blount Township, IL (8.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Vermilion County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 11 (tie) | Westville | 26.4% (±8.8 points) |
| 11 (tie) | South Ross Township | 26.4% (±11.2 points) |
| 13 | Allerton | 26.3% (±12.4 points) |
| 14 | Georgetown | 25.7% (±9.1 points) |
| 15 | Georgetown Township | 25.2% (±6.2 points) |
| 16 | Tilton | 24.8% (±9.3 points) |
| 17 | Potomac | 24.0% (±10.3 points) |
| 18 | Elwood Township | 23.5% (±8.6 points) |
| 19 | Butler Township | 22.4% (±12.1 points) |
| 20 | Oakwood | 22.3% (±7.4 points) |
| 21 | Jamaica Township | 21.9% (±31.2 points) |
| 22 | Catlin | 21.2% (±7.2 points) |
| 23 | Fairmount | 20.6% (±9.9 points) |
Showing 13 of 40 places in Vermilion 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 Potomac
How many renters are there in Potomac?
Potomac has an estimated 63 (±31) renting households, 24.0% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Potomac?
In Potomac, the share of households that rent went from 22.8% in 2015–2019 to 24.0% in 2020–2024 (+1.2 percentage points), not a measurable change.
How big are renting households in Potomac?
A renting household in Potomac has 2.2 people on average, against 2.4 in an owned home.
How much do renters earn in Potomac?
The median renting household in Potomac, IL has an income of $43,672 (±$2,496) a year, against $57,250 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Potomac village, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Potomac village, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Potomac village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Potomac village, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Potomac 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 Potomac village, Illinois (place:61366, 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 Potomac at a glance
- Income and affordability in Potomac
- Home values in Potomac
- Homeowner costs in Potomac
- Property taxes in Potomac
- Types of homes in Potomac
- Bedrooms in Potomac
- Age of homes in Potomac
- Heating fuel in Potomac
- Commute and cars in Potomac
- How long people stay in Potomac
- Illinois landlord and tenant rules
- Housing across Vermilion County
- Illinois places ranked by share of renters
- Housing data for every place in Illinois