What percentage of people rent in Reed Township, IL?

13.0% (±3.8 points) of the occupied homes in Reed Township, IL are rented (2020–2024 American Community Survey).

That is 378 renting households against 2,521 that own their home.

In Reed Township, the share of households that rent went from 23.7% in 2015–2019 to 13.0% in 2020–2024 (−10.7 percentage points), a measurable decrease.

Figures last updated on .

Households that rent
13.0% (±3.8 points)
Renting households
378 (±120)
Median renter income
$35,521 (±$16,877)

Who rents and who owns in Reed Township

Tenure, estimate (90% margin of error)
Reed TownshipWill CountyIllinoisUnited States
Renter-occupied share13.0% (±3.8 points)17.2% (±0.6 points)32.9% (±0.2 points)34.8%
Renting households378 (±120)42,123 (±1,561)1,657,539 (±10,322)45,017,354
Owning households2,521 (±147)202,150 (±1,705)3,378,910 (±14,728)84,210,142
Average renter household size1.8 (±0.4)2.4 (±0.1)2.2 (±0.0)2.3
Average owner household size2.5 (±0.1)2.9 (±0.0)2.6 (±0.0)2.6
Median renter household income$35,521 (±$16,877)$53,701 (±$2,319)$50,420 (±$471)$52,966
Median owner household income$96,250 (±$21,277)$123,406 (±$1,822)$103,505 (±$377)$100,009

In Reed Township, the renter share is lower than in Will County (17.2%).

It is also lower than in Illinois (32.9%).

It is lower than the national figure (34.8%).

In Will County, Reed Township ranks 31 of 57 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 1875 of 2,751.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Reed Township has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent23.7% (±4.8 points)13.0% (±3.8 points)−10.7 percentage pointsMeasurable decrease
Median gross rent$975 (±$40)$1,057 (±$92)+8.4%Down after inflation
Median household income$62,849 (±$2,992)$82,398 (±$15,749)+31.1%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 Reed Township

Nearest places with a published estimate, compared with Reed Township
PlaceDistanceHouseholds that rentCompared with this place
Reed Township—13.0% (±3.8 points)—
Godley1.5 mi15.3% (±9.0 points)Not measurably different
Braidwood1.9 mi13.2% (±4.1 points)Not measurably different
Braceville3.0 mi11.9% (±8.8 points)Not measurably different
Braceville Township3.3 mi21.5% (±6.4 points)Higher
Diamond3.5 mi20.0% (±6.9 points)Not measurably different
Coal City4.2 mi23.1% (±7.4 points)Higher
Essex4.3 mi10.5% (±7.9 points)Not measurably different
Custer Township4.4 mi20.7% (±16.5 points)Not measurably different

Nearby places with a measurably higher figure: Braceville Township, IL (21.5%), Coal City, IL (23.1%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Will County, place by place

RankPlaceHouseholds that rent
25Lockport15.4% (±2.7 points)
26Godley15.3% (±9.0 points)
27Sunnyland14.2% (±15.2 points)
28Jackson Township (Will County)13.9% (±5.1 points)
29Will Township13.4% (±5.4 points)
30Braidwood13.2% (±4.1 points)
31Reed Township13.0% (±3.8 points)
32Troy Township12.9% (±2.2 points)
33Plainfield12.0% (±2.1 points)
34Manhattan11.7% (±4.9 points)
35Plainfield Township10.8% (±1.4 points)
36Manhattan Township10.2% (±4.2 points)
37Crete10.0% (±3.7 points)

Showing 13 of 57 places in Will 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 Reed Township

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Questions about Reed Township

How many renters are there in Reed Township?

Reed Township has an estimated 378 (±120) renting households, 13.0% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Reed Township?

In Reed Township, the share of households that rent went from 23.7% in 2015–2019 to 13.0% in 2020–2024 (−10.7 percentage points), a measurable decrease.

How big are renting households in Reed Township?

A renting household in Reed Township has 1.8 people on average, against 2.5 in an owned home.

How much do renters earn in Reed Township?

The median renting household in Reed Township, IL has an income of $35,521 (±$16,877) a year, against $96,250 for households that own their home.

Sources

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 Reed township, Will County, Illinois (county subdivision:63108, in state:17 county:197).

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.

Request a Census API 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 .

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