Housing data for Waterman, IL
Waterman, IL has an estimated 1,448 residents and 509 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a village in DeKalb County.
12.3% of households rent.
The median gross rent is $877 a month.
Figures last updated on .
- Residents
- 1,448 (±261)
- Housing units
- 509 (±84)
- Households that rent
- 12.3%
- Median gross rent
- $877
- Residents since 2015–2019
- +1.5%
What stands out in Waterman
Households that rent: 12.3% (±4.9 points) in Waterman, lower than in DeKalb County (38.6%).
Homes in buildings of 5 or more units: 3.4% (±1.8 points) in Waterman, lower than in DeKalb County (20.7%).
Median household income: $100,139 (±$9,737) in Waterman, higher than in DeKalb County ($70,724).
Average commute: 39.0 minutes (±5.7) in Waterman, higher than in DeKalb County (26.7 minutes).
- Renters and owners in Waterman
- Types of homes in Waterman
- Income and affordability in Waterman
- Commute and cars in Waterman
Housing in Waterman at a glance
- Median rent: $877 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $910 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 21.2% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 12.3% of households rent
- Income and affordability: $100,139 median household income
- Home values: $217,300 median home value
- Homeowner costs: $1,596 median monthly cost with a mortgage
- Property taxes: $4,598 median real estate taxes a year
- Types of homes: 3.4% of homes are in buildings of 5 or more units
- Bedrooms: 73.0% of homes have 3 or more bedrooms
- Age of homes: 61.0% of homes were built before 1980
- Vacancy rate: 15.5% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 90.9% heat with utility gas
- Commute and cars: 39.0 minutes average trip to work
- Crime reported to police: 0 violent crimes per 100,000 residents
- Growth: +1.5% residents since 2015–2019
- How long people stay: 17.1% moved in since 2020
- Crowding and facilities: 1.6% of homes have more than 1 person per room (Small sample: wide margin of error)
Waterman against DeKalb County, its state and the nation
| Waterman | DeKalb County | Illinois | United States | |
|---|---|---|---|---|
| Residents | 1,448 (±261) | 100,703 (exact) | 12,694,798 (exact) | 334,922,499 |
| Housing units | 509 (±84) | 41,678 (±77) | 5,457,452 (±471) | 143,775,355 |
| Households that rent | 12.3% (±4.9 points) | 38.6% (±1.5 points) | 32.9% (±0.2 points) | 34.8% |
| Median gross rent | $877 (±$109) | $1,049 (±$33) | $1,274 (±$5) | $1,413 |
| Median household income | $100,139 (±$9,737) | $70,724 (±$2,546) | $83,390 (±$362) | $80,734 |
| Median home value | $217,300 (±$23,035) | $243,600 (±$5,310) | $263,300 (±$797) | $332,700 |
| Median real estate taxes (a year) | $4,598 (±$315) | $5,974 (±$128) | $5,298 (±$22) | $3,119 |
| Built before 1980 | 61.0% (±11.4 points) | 52.7% (±2.8 points) | 63.4% (±0.2 points) | 49.7% |
| Average commute | 39.0 minutes (±5.7) | 26.7 minutes (±1.1) | 27.8 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 97.9% (±1.7 points) | 92.7% (±1.2 points) | 90.8% (±0.1 points) | 91.0% |
| Median age of residents | 31.0 years (±4.7) | 32.7 years (±0.4) | 39.0 years (±0.1) | 38.9 years |
Waterman covers 1.5 square miles of land, about 956 residents per square mile (Census Bureau Gazetteer).
How Waterman has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,426 (±188) | 1,448 (±261) | +1.5% | Not a measurable change |
| Housing units | 564 (±62) | 509 (±84) | −9.8% | Not a measurable change |
| Median gross rent | $772 (±$39) | $877 (±$109) | +13.6% | No measurable change after inflation |
| Median home value | $161,700 (±$6,068) | $217,300 (±$23,035) | +34.4% | No measurable change after inflation |
| Median household income | $71,429 (±$10,793) | $100,139 (±$9,737) | +40.2% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,541 (±$64) | $1,596 (±$112) | +3.6% | Down after inflation |
| Median real estate taxes | $3,728 (±$171) | $4,598 (±$315) | +23.3% | No measurable change after inflation |
| Households that rent | 26.0% (±6.1 points) | 12.3% (±4.9 points) | −13.7 percentage points | Measurable decrease |
| Rental vacancy rate | 0.0% (±19.7 points) | 15.5% (±19.3 points) | +15.5 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.
Crime reported to police in Waterman
In 2024, the Waterman Police Department reported 0 violent and 0 property crimes per 100,000 residents to the FBI.
Places near Waterman
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Clinton Township | 0.5 mi | $885 | $233,300 | 19.8% |
| Squaw Grove Township | 5.1 mi | $1,340 | $312,400 | 23.0% |
| Shabbona | 6.1 mi | $975 | $186,600 | 24.6% |
| Shabbona Township | 6.1 mi | $882 | $197,100 | 26.9% |
| Afton Township | 6.3 mi | — | $236,200 | 8.4% |
| Hinckley | 6.3 mi | $1,355 | $291,700 | 25.6% |
| Victor Township | 6.8 mi | $1,889 | $297,700 | 41.0% |
| Somonauk Township | 7.3 mi | $1,375 | $263,900 | 18.2% |
Places in Illinois most like Waterman
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Mission Township | $1,040 | $227,700 | $85,727 | 19.3% |
| Clinton Township | $885 | $233,300 | $100,505 | 19.8% |
| Round Grove Township | $957 | $165,600 | $96,667 | 15.3% |
| Crete | $1,309 | $228,500 | $97,147 | 10.0% |
| Monroe Township | $1,074 | $219,300 | $93,056 | 9.3% |
| Cordova Township | $963 | $212,700 | $110,179 | 14.4% |
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 Waterman, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,052 | $1,155 | $1,481 | $2,006 | $2,301 |
HUD income limits for Waterman, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $23,350 | $38,900 | $62,300 |
| 2 people | $26,700 | $44,450 | $71,200 |
| 3 people | $30,050 | $50,050 | $80,100 |
| 4 people | $33,350 | $55,600 | $88,950 |
| 5 people | $38,680 | $60,050 | $96,100 |
| 6 people | $44,360 | $64,500 | $103,200 |
| 7 people | $50,040 | $68,950 | $110,300 |
| 8 people | $55,720 | $73,400 | $117,450 |
These are the limits HUD sets for its housing programs in the DeKalb County, IL HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $112,500.
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 Waterman
How many renters are there in Waterman?
Waterman has an estimated 60 (±28) renting households, 12.3% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Waterman?
The median household income in Waterman is $100,139 (±$9,737) a year (2020–2024 American Community Survey).
What is the average home value in Waterman, IL?
The Census Bureau publishes the median: $217,300 (±$23,035) for owner-occupied homes in Waterman (2020–2024 American Community Survey).
What is the average mortgage payment in Waterman?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Waterman, IL is $1,596 (±$112) a month, including taxes, insurance and utilities.
How much are property taxes in Waterman?
The median real estate tax paid by homeowners in Waterman, IL is $4,598 (±$315) a year (2020–2024 American Community Survey).
How many homes are in Waterman?
Waterman, IL has an estimated 509 (±84) housing units, occupied and vacant (2020–2024 American Community Survey).
Is Waterman growing?
In Waterman, the number of residents went from 1,426 in 2015–2019 to 1,448 in 2020–2024 (+1.5%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Waterman village, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Waterman village, Illinois
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Waterman village, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Waterman village, Illinois
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Waterman village, Illinois
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Waterman village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Waterman village, Illinois
- HUD Fair Market Rents, fiscal year 2027: DeKalb County, IL HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: DeKalb County, IL HUD Metro FMR Area
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Waterman Police Department (ORI IL0190600)
- FBI: Uniform Crime Reporting statistics and their proper use
- 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 Waterman village, Illinois (place:79163, 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 .