Lake Villa village
Illinois
Nestled in the heart of Illinois, Lake Villa offers a compelling blend of small-town charm and suburban convenience, making it a desirable locale for families and individuals alike. With a population of just over 8,700, the village exudes a close-knit atmosphere where neighbors know each other and community events thrive. One of the most attractive aspects of Lake Villa is its affordability. Median home values hover around $309,400, significantly below the national average, providing an excellent opportunity for first-time homebuyers or those seeking more space without breaking the bank. Combine this with a median household income of $126,711, and you have a community where residents enjoy a comfortable lifestyle, thriving economically, and finding a balance between work and leisure.
From an investment perspective, Lake Villa presents a stable and promising housing market. The strong median household income indicates a financially secure population, contributing to a robust local economy. While specific unemployment data isn't readily available, the overall economic health of the area suggests ample employment opportunities, particularly in the surrounding Chicago metropolitan area. Lake Villa is known for being family-friendly, with safe streets and well-regarded schools. This makes it an ideal destination for those seeking a tranquil, secure environment to raise a family, or anyone wanting a slice of the American dream.
Lake Villa village, Illinois at a Glance
Lake Villa village is a city in Illinois with a population of approximately 8,701. The median home value is $309,400 and the median household income is $126,711. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $1,163 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$309,400
Median Income
$126,711
Population
8,701
Walk Score
0
Air Quality
AQI 43
Good
Climate Risk
Relatively Moderate
Good
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- Population
- 8,701
- Median Age
- N/A
- Median Household Income
- $126,711
70% above nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 4.5%
64% below nat'l avg
- Median Home Value
- $309,400
10% above nat'l avg
- Median Rent
- $1,163
Near nat'l avg
- Homeownership Rate
- 90.0%
37% above nat'l avg
- Affordability Index
- 221
121% above nat'l avg
- Violent Crime Rate
- 1.2 per 1K
67% below nat'l avg
- Property Crime Rate
- 3.7 per 1K
81% below nat'l avg
- AQI
- 43
Near nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 73.10
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 15.0¢/kWh
10% below nat'l avg
- Est. Monthly Electric
- $135
Near nat'l avg
- Unemployment Rate
- 6.7%
81% above nat'l avg
- Poverty Rate
- 4.5%
64% below nat'l avg
Political Landscape
→ Politically stable
Based on McLean County county-level presidential election data
Culture & Things to Do in Lake Villa village
Lake Villa Summer Fest
Annual festival featuring live music, food vendors, and family activities.
Lake Villa Craft Fair
Annual craft fair showcasing local artisans and their creations.
Lake Villa Farmers Market
Weekly market offering fresh produce, baked goods, and local products.
Halloween Fest
Annual Halloween festival with trick or treating, costume contests, and haunted houses.
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