What is the rental vacancy rate in Vernon Hills, IL?
The rental vacancy rate in Vernon Hills, IL is 4.2% (±3.7 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.8% (±1.2 points).
475 (±199) homes, 4.1% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Vernon Hills, the rental vacancy rate went from 8.5% in 2015–2019 to 4.2% in 2020–2024 (−4.3 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 4.2% (±3.7 points)
- Homeowner vacancy rate
- 0.8% (±1.2 points)
- Vacant homes
- 475 (±199)
Vacancy in Vernon Hills against Lake County, its state and the nation
| Vernon Hills | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 4.2% (±3.7 points) | 3.7% (±0.7 points) | 5.0% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.8% (±1.2 points) | 0.9% (±0.2 points) | 1.0% (±0.1 points) | 0.9% |
| Vacant housing units | 475 (±199) | 12,163 (±960) | 421,003 (±7,877) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Vernon Hills, the rental vacancy rate is not measurably different from Lake County (3.7%).
It is not measurably different from Illinois (5.0%).
It is not measurably different from the national figure (5.5%).
Rental vacancy rate in places near Vernon Hills
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Vernon Hills | — | 4.2% (±3.7 points) | — |
| Indian Creek | 1.0 mi | 0.0% (±71.2 points) | Not measurably different |
| Mettawa | 2.1 mi | 0.0% (±96.0 points) | Not measurably different |
| Vernon Township | 2.7 mi | 6.4% (±3.1 points) | Not measurably different |
| Lincolnshire | 3.4 mi | 15.2% (±11.0 points) | Not measurably different |
| Libertyville | 3.5 mi | 5.2% (±5.1 points) | Not measurably different |
| Libertyville Township | 3.5 mi | 5.1% (±2.5 points) | Not measurably different |
| Long Grove | 3.7 mi | 28.6% (±30.0 points) | Not measurably different |
| Mundelein | 3.9 mi | 5.8% (±3.4 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Lake County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 21 (tie) | Libertyville | 5.2% (±5.1 points) |
| 21 (tie) | North Chicago | 5.2% (±2.4 points) |
| 23 (tie) | Fox Lake | 5.1% (±4.3 points) |
| 23 (tie) | Libertyville Township | 5.1% (±2.5 points) |
| 25 | Buffalo Grove | 5.0% (±3.5 points) |
| 26 | Moraine Township | 4.7% (±4.2 points) |
| 27 | Vernon Hills | 4.2% (±3.7 points) |
| 28 | Fremont Township | 4.0% (±6.3 points) |
| 29 | Ela Township | 3.9% (±2.7 points) |
| 30 | Avon Township | 3.6% (±2.8 points) |
| 31 (tie) | Zion | 3.4% (±2.5 points) |
| 31 (tie) | Zion Township | 3.4% (±2.5 points) |
| 33 | Grant Township (Lake County) | 3.3% (±2.8 points) |
Showing 13 of 71 places in Lake 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 Vernon Hills
Is it hard to find a rental in Vernon Hills?
The rental vacancy rate in Vernon Hills, IL is 4.2% (±3.7 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Vernon Hills tighter than it was?
In Vernon Hills, the rental vacancy rate went from 8.5% in 2015–2019 to 4.2% in 2020–2024 (−4.3 percentage points), not a measurable change.
How many homes are vacant in Vernon Hills?
An estimated 475 (±199) housing units, 4.1% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Vernon Hills village, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Vernon Hills village, Illinois
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 Vernon Hills village, Illinois (place:77694, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
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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