What percentage of people rent in Spring Bay, IL?
34.0% (±11.3 points) of the occupied homes in Spring Bay, IL are rented (2020–2024 American Community Survey).
That is 72 renting households against 140 that own their home.
In Spring Bay, the share of households that rent went from 28.4% in 2015–2019 to 34.0% in 2020–2024 (+5.6 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 34.0% (±11.3 points)
- Renting households
- 72 (±33)
- Median renter income
- $43,125 (±$33,763)
Who rents and who owns in Spring Bay
| Spring Bay | Woodford County | Illinois | United States | |
|---|---|---|---|---|
| Renter-occupied share | 34.0% (±11.3 points) | 14.3% (±1.8 points) | 32.9% (±0.2 points) | 34.8% |
| Renting households | 72 (±33) | 2,106 (±277) | 1,657,539 (±10,322) | 45,017,354 |
| Owning households | 140 (±46) | 12,579 (±301) | 3,378,910 (±14,728) | 84,210,142 |
| Average renter household size | 2.1 (±0.5) | 2.0 (±0.2) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.6) | 2.6 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $43,125 (±$33,763) | $36,875 (±$17,054) | $50,420 (±$471) | $52,966 |
| Median owner household income | $81,429 (±$16,838) | $101,320 (±$3,912) | $103,505 (±$377) | $100,009 |
In Spring Bay, the renter share is higher than in Woodford County (14.3%).
It is not measurably different from Illinois (32.9%).
It is not measurably different from the national figure (34.8%).
In Woodford County, Spring Bay ranks 1 of 32 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 334 of 2,751.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Spring Bay has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 28.4% (±7.6 points) | 34.0% (±11.3 points) | +5.6 percentage points | Not a measurable change |
| Median gross rent | $900 (±$103) | $1,071 (±$127) | +19.0% | No measurable change after inflation |
| Median household income | $37,143 (±$14,269) | $61,389 (±$14,058) | +65.3% | 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 Spring Bay
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Spring Bay | — | 34.0% (±11.3 points) | — |
| Bay View Gardens | 0.5 mi | 28.6% (±13.1 points) | Not measurably different |
| Spring Bay Township | 2.0 mi | 14.7% (±4.4 points) | Lower |
| Medina Township | 3.3 mi | 17.8% (±4.2 points) | Lower |
| Rome | 4.0 mi | 10.7% (±8.5 points) | Lower |
| Partridge Township | 4.8 mi | 4.3% (±5.0 points) | Lower |
| Worth Township (Woodford County) | 4.9 mi | 7.9% (±3.8 points) | Lower |
| Germantown Hills | 5.1 mi | 9.0% (±7.0 points) | Lower |
| Richwoods Township | 5.2 mi | 33.6% (±6.0 points) | Not measurably different |
Nearby places with a measurably lower figure: Spring Bay Township, IL (14.7%), Medina Township, IL (17.8%), Rome, IL (10.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Woodford County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Spring Bay | 34.0% (±11.3 points) |
| 2 | Bay View Gardens | 28.6% (±13.1 points) |
| 3 | Eureka | 28.4% (±7.8 points) |
| 4 (tie) | Minonk Township | 27.9% (±8.3 points) |
| 4 (tie) | Olio Township | 27.9% (±8.1 points) |
| 6 | Minonk | 27.0% (±8.4 points) |
| 7 | El Paso | 24.3% (±6.9 points) |
Showing 7 of 32 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.
What you can do on Seayora in Spring Bay
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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).
Is renting growing in Spring Bay?
In Spring Bay, the share of households that rent went from 28.4% in 2015–2019 to 34.0% in 2020–2024 (+5.6 percentage points), not a measurable change.
How big are renting households in Spring Bay?
A renting household in Spring Bay has 2.1 people on average, against 2.6 in an owned home.
How much do renters earn in Spring Bay?
The median renting household in Spring Bay, IL has an income of $43,125 (±$33,763) a year, against $81,429 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Spring Bay village, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Spring Bay village, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Spring Bay village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Spring Bay village, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Spring Bay 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 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 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 Spring Bay at a glance
- Income and affordability in Spring Bay
- Home values in Spring Bay
- Homeowner costs in Spring Bay
- Property taxes in Spring Bay
- Types of homes in Spring Bay
- Bedrooms in Spring Bay
- Age of homes in Spring Bay
- Heating fuel in Spring Bay
- Commute and cars in Spring Bay
- How long people stay in Spring Bay
- Illinois landlord and tenant rules
- Housing across Woodford County
- Illinois places ranked by share of renters
- Housing data for every place in Illinois