Cities / Illinois / Lake Villa

Lake Villa, IL

8,701 people

Right Now

Active Weather Alerts

Population & People

Population

8,701

Median age

40.4

Median household income

$118,750

Poverty rate

3.2%

Unemployment rate

4.8%

Bachelor's degree+

55.6%

Avg. commute

27 min

Hispanic or Latino

15.3%

Source: U.S. Census Bureau, American Community Survey.

Housing & Rent

Median home value

$351,700

Median gross rent

$1,533/mo

Homeownership rate

74.26%

HUD FMR — 2 bedroom

$1,063

HUD Fair Market Rent (Illinois statewide average across 102 areas — not specific to Lake Villa), 2026. Efficiency $774, 1BR $854, 2BR $1063, 3BR $1370, 4BR $1561. This is a different official figure from Census median gross rent above.

Energy

Illinois commercial electricity

13.07¢/kWh

Illinois industrial electricity

10.14¢/kWh

Illinois residential electricity

17.69¢/kWh

Economy

Gross Domestic Product: All Industry Total

1201996.1

Real Gross Domestic Product: All Industry Total

913681.4

All-Transactions House Price Index for Illinois

565.87

Unemployment Rate

4.9%

Source: FRED, Illinois-specific series.

Nearby Airports

Sources & Data: National Weather Service (weather, alerts), EPA AirNow (air quality), U.S. Census Bureau (population, housing), HUD (Fair Market Rent), U.S. Energy Information Administration (Illinois energy prices), Federal Reserve Bank of St. Louis (Illinois economic indicators), OurAirports (airport directory).