Housing data for Spring Bay, IL
Spring Bay, IL has an estimated 520 residents and 231 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a village in Woodford County.
34.0% of households rent.
The median gross rent is $1,071 a month.
Figures last updated on .
- Residents
- 520 (±155)
- Housing units
- 231 (±63)
- Households that rent
- 34.0%
- Median gross rent
- $1,071
- Residents since 2015–2019
- +27.8%
What stands out in Spring Bay
Households that rent: 34.0% (±11.3 points) in Spring Bay, higher than in Woodford County (14.3%).
Median real estate taxes: $2,391 (±$381) in Spring Bay, lower than in Woodford County ($4,215).
Median home value: $130,200 (±$19,936) in Spring Bay, lower than in Woodford County ($197,600).
Working from home: 5.8% (±4.4 points) in Spring Bay, lower than in Woodford County (11.5%).
- Renters and owners in Spring Bay
- Property taxes in Spring Bay
- Home values in Spring Bay
- Commute and cars in Spring Bay
Housing in Spring Bay at a glance
- Median rent: $1,071 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $950 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 54.2% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 34.0% of households rent
- Income and affordability: $61,389 median household income
- Home values: $130,200 median home value
- Homeowner costs: $1,109 median monthly cost with a mortgage
- Property taxes: $2,391 median real estate taxes a year
- Types of homes: 1.3% of homes are in buildings of 5 or more units
- Bedrooms: 46.7% of homes have 3 or more bedrooms
- Age of homes: 78.5% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 83.0% heat with utility gas
- Commute and cars: 24.2 minutes average trip to work
- Growth: +27.8% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 28.8% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Spring Bay against Woodford County, its state and the nation
| Spring Bay | Woodford County | Illinois | United States | |
|---|---|---|---|---|
| Residents | 520 (±155) | 38,312 (exact) | 12,694,798 (exact) | 334,922,499 |
| Housing units | 231 (±63) | 15,758 (±49) | 5,457,452 (±471) | 143,775,355 |
| Households that rent | 34.0% (±11.3 points) | 14.3% (±1.8 points) | 32.9% (±0.2 points) | 34.8% |
| Median gross rent | $1,071 (±$127) | $912 (±$86) | $1,274 (±$5) | $1,413 |
| Median household income | $61,389 (±$14,058) | $91,483 (±$4,526) | $83,390 (±$362) | $80,734 |
| Median home value | $130,200 (±$19,936) | $197,600 (±$8,696) | $263,300 (±$797) | $332,700 |
| Median real estate taxes (a year) | $2,391 (±$381) | $4,215 (±$174) | $5,298 (±$22) | $3,119 |
| Built before 1980 | 78.5% (±18.7 points) | 62.1% (±3.9 points) | 63.4% (±0.2 points) | 49.7% |
| Average commute | 24.2 minutes (±4.3) | 25.0 minutes (±1.4) | 27.8 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 90.1% (±6.6 points) | 87.7% (±1.9 points) | 90.8% (±0.1 points) | 91.0% |
| Median age of residents | 41.7 years (±7.7) | 40.4 years (±0.5) | 39.0 years (±0.1) | 38.9 years |
Spring Bay covers 0.7 square miles of land, about 756 residents per square mile (Census Bureau Gazetteer).
How Spring Bay has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 407 (±105) | 520 (±155) | +27.8% | Not a measurable change |
| Housing units | 211 (±53) | 231 (±63) | +9.5% | Not a measurable change |
| Median gross rent | $900 (±$103) | $1,071 (±$127) | +19.0% | No measurable change after inflation |
| Median home value | $129,800 (±$15,491) | $130,200 (±$19,936) | +0.3% | Down after inflation |
| Median household income | $37,143 (±$14,269) | $61,389 (±$14,058) | +65.3% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,105 (±$178) | $1,109 (±$401) | +0.4% | No measurable change after inflation |
| Median real estate taxes | $2,330 (±$366) | $2,391 (±$381) | +2.6% | No measurable change after inflation |
| Households that rent | 28.4% (±7.6 points) | 34.0% (±11.3 points) | +5.6 percentage points | Not a measurable change |
| Rental vacancy rate | 11.3% (±17.4 points) | 0.0% (±37.5 points) | −11.3 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.
Places near Spring Bay
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Bay View Gardens | 0.5 mi | $787 | $122,800 | 28.6% |
| Spring Bay Township | 2.0 mi | $923 | $169,100 | 14.7% |
| Medina Township | 3.3 mi | $1,282 | $292,600 | 17.8% |
| Rome | 4.0 mi | $1,094 | $159,800 | 10.7% |
| Partridge Township | 4.8 mi | — | $233,600 | 4.3% |
| Worth Township (Woodford County) | 4.9 mi | $1,203 | $262,900 | 7.9% |
| Germantown Hills | 5.1 mi | — | $264,900 | 9.0% |
| Richwoods Township | 5.2 mi | $913 | $117,700 | 33.6% |
Places in Illinois most like Spring Bay
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Hamilton | $941 | $114,100 | $56,895 | 32.8% |
| Franklin | $940 | $116,400 | $75,714 | 34.2% |
| Otego Township | $958 | $130,900 | $54,286 | 32.0% |
| Montebello Township | $938 | $131,600 | $59,966 | 27.9% |
| Buffalo Township | $851 | $116,800 | $63,080 | 37.4% |
| Emden | $889 | $113,400 | $69,167 | 29.1% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Illinois.
HUD Fair Market Rent for Spring Bay, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $915 | $961 | $1,212 | $1,557 | $1,710 |
HUD income limits for Spring Bay, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $22,300 | $37,150 | $59,450 |
| 2 people | $25,500 | $42,450 | $67,950 |
| 3 people | $28,700 | $47,750 | $76,450 |
| 4 people | $33,000 | $53,050 | $84,900 |
| 5 people | $38,680 | $57,300 | $91,700 |
| 6 people | $44,360 | $61,550 | $98,500 |
| 7 people | $50,040 | $65,800 | $105,300 |
| 8 people | $55,720 | $70,050 | $112,100 |
These are the limits HUD sets for its housing programs in the Peoria, IL MSA, where HUD’s median family income for fiscal year 2026 is $106,100.
A program can use its own limits; tax-credit and local programs often do.
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 Spring Bay
How many renters are there in Spring Bay?
Spring Bay has an estimated 72 (±33) renting households, 34.0% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Spring Bay?
The median household income in Spring Bay is $61,389 (±$14,058) a year (2020–2024 American Community Survey).
What is the average home value in Spring Bay, IL?
The Census Bureau publishes the median: $130,200 (±$19,936) for owner-occupied homes in Spring Bay (2020–2024 American Community Survey).
What is the average mortgage payment in Spring Bay?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Spring Bay, IL is $1,109 (±$401) a month, including taxes, insurance and utilities.
How much are property taxes in Spring Bay?
The median real estate tax paid by homeowners in Spring Bay, IL is $2,391 (±$381) a year (2020–2024 American Community Survey).
How many homes are in Spring Bay?
Spring Bay, IL has an estimated 231 (±63) housing units, occupied and vacant (2020–2024 American Community Survey).
Is Spring Bay growing?
In Spring Bay, the number of residents went from 407 in 2015–2019 to 520 in 2020–2024 (+27.8%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Spring Bay village, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Spring Bay village, Illinois
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Spring Bay village, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Spring Bay village, Illinois
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Spring Bay village, Illinois
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Spring Bay village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Spring Bay village, Illinois
- HUD Fair Market Rents, fiscal year 2027: Peoria, IL MSA
- HUD Income Limits, fiscal year 2026: Peoria, IL MSA
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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 Spring Bay village, Illinois (place:71604, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .