What percentage of people rent in Vernon Township, IL?
26.3% (±2.1 points) of the occupied homes in Vernon Township, IL are rented (2020–2024 American Community Survey).
That is 6,932 renting households against 19,438 that own their home.
In Vernon Township, the share of households that rent went from 23.9% in 2015–2019 to 26.3% in 2020–2024 (+2.4 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 26.3% (±2.1 points)
- Renting households
- 6,932 (±621)
- Median renter income
- $85,047 (±$14,697)
Who rents and who owns in Vernon Township
| Vernon Township | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Renter-occupied share | 26.3% (±2.1 points) | 25.2% (±0.6 points) | 32.9% (±0.2 points) | 34.8% |
| Renting households | 6,932 (±621) | 65,052 (±1,537) | 1,657,539 (±10,322) | 45,017,354 |
| Owning households | 19,438 (±621) | 193,403 (±1,802) | 3,378,910 (±14,728) | 84,210,142 |
| Average renter household size | 2.3 (±0.1) | 2.3 (±0.1) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 2.8 (±0.1) | 2.8 (±0.0) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $85,047 (±$14,697) | $60,278 (±$2,115) | $50,420 (±$471) | $52,966 |
| Median owner household income | $180,395 (±$7,273) | $134,561 (±$2,098) | $103,505 (±$377) | $100,009 |
In Vernon Township, the renter share is not measurably different from Lake County (25.2%).
It is also lower than in Illinois (32.9%).
It is lower than the national figure (34.8%).
In Lake County, Vernon Township ranks 17 of 71 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 737 of 2,751.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Vernon Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 23.9% (±1.4 points) | 26.3% (±2.1 points) | +2.4 percentage points | Not a measurable change |
| Median gross rent | $1,748 (±$57) | $1,949 (±$88) | +11.5% | Down after inflation |
| Median household income | $124,360 (±$4,858) | $145,857 (±$6,945) | +17.3% | 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 Vernon Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Vernon Township | — | 26.3% (±2.1 points) | — |
| Lincolnshire | 1.4 mi | 21.8% (±5.2 points) | Not measurably different |
| Buffalo Grove | 2.4 mi | 20.2% (±2.4 points) | Lower |
| Indian Creek | 2.6 mi | 7.7% (±6.0 points) | Lower |
| Vernon Hills | 2.7 mi | 32.5% (±3.2 points) | Higher |
| Riverwoods | 3.1 mi | 6.7% (±5.8 points) | Lower |
| Long Grove | 3.4 mi | 3.7% (±2.3 points) | Lower |
| Mettawa | 3.4 mi | 4.8% (±3.8 points) | Lower |
| Bannockburn | 3.9 mi | 3.4% (±4.2 points) | Lower |
Nearby places with a measurably lower figure: Buffalo Grove, IL (20.2%), Indian Creek, IL (7.7%), Riverwoods, IL (6.7%).
Nearby places with a measurably higher figure: Vernon Hills, IL (32.5%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Lake County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 11 | Fox Lake | 32.1% (±6.1 points) |
| 12 | Mundelein | 28.8% (±2.8 points) |
| 13 | Green Oaks | 28.3% (±12.6 points) |
| 14 | Libertyville Township | 26.9% (±2.1 points) |
| 15 | Warren Township (Lake County) | 26.7% (±1.7 points) |
| 16 | Deer Park | 26.5% (±6.6 points) |
| 17 | Vernon Township | 26.3% (±2.1 points) |
| 18 | Antioch | 26.1% (±4.3 points) |
| 19 | Lake Villa | 25.7% (±6.0 points) |
| 20 | Grant Township (Lake County) | 24.6% (±4.5 points) |
| 21 | Wauconda | 24.0% (±4.6 points) |
| 22 | Gurnee | 23.9% (±2.5 points) |
| 23 | Round Lake Heights | 23.7% (±8.8 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.
What you can do on Seayora in Vernon Township
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Questions about Vernon Township
How many renters are there in Vernon Township?
Vernon Township has an estimated 6,932 (±621) renting households, 26.3% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Vernon Township?
In Vernon Township, the share of households that rent went from 23.9% in 2015–2019 to 26.3% in 2020–2024 (+2.4 percentage points), not a measurable change.
How big are renting households in Vernon Township?
A renting household in Vernon Township has 2.3 people on average, against 2.8 in an owned home.
How much do renters earn in Vernon Township?
The median renting household in Vernon Township, IL has an income of $85,047 (±$14,697) a year, against $180,395 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Vernon township, Lake County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Vernon township, Lake County, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Vernon township, Lake County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Vernon township, Lake County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Vernon township, Lake County, 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 Vernon township, Lake County, Illinois (county subdivision:77668, in state:17 county:097).
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 Vernon Township at a glance
- Median rent in Vernon Township
- Rent by bedrooms in Vernon Township
- Rent burden in Vernon Township
- Income and affordability in Vernon Township
- Home values in Vernon Township
- Homeowner costs in Vernon Township
- Property taxes in Vernon Township
- Types of homes in Vernon Township
- Bedrooms in Vernon Township
- Age of homes in Vernon Township
- Vacancy rate in Vernon Township
- Heating fuel in Vernon Township
- Commute and cars in Vernon Township
- Population growth in Vernon Township
- How long people stay in Vernon Township
- Crowding and facilities in Vernon Township
- Fair Market Rent in Vernon Township
- Illinois landlord and tenant rules
- Housing across Lake County
- Illinois places ranked by share of renters
- Housing data for every place in Illinois