Latest available · Census ACS 5-Year (2023)
What Is the Average Rent in Inverness village, Illinois?
City · Census ACS 5-Year estimates
The median gross rent in Inverness village, Illinois is $3,501/month, based on Census ACS 5-Year estimates (2023). The median home value is $704,100 (±$42,600), and the median household income is $215,810/year. Source: U.S. Census Bureau, American Community Survey, 2023 5-Year Estimates.
Housing Metrics for Inverness village, Illinois
| Metric | Value |
|---|---|
| Median Gross Rent | $3,501 |
| Median Home Value | $704,100 |
| Median Household Income | $215,810 |
| Total Housing Units | 2,698 |
| Renter-Occupied Units | 58 |
| Renter-Occupied Share | 2% |
| Households Paying 50%+ Income | 0 households |
How does Inverness village, Illinois compare?
Median gross rent ranked against all cities in Illinois.
Higher rent than 100% of cities in Illinois · 1st of 1165
| # | City | Value |
|---|---|---|
| 1 | Kenilworth village | $3,501 |
| 1 | Inverness village(you are here) | $3,501 |
| 1 | Olympia Fields village | $3,501 |
| … 1159 more … | ||
| 1163 | Ste. Marie village | $263 |
| 1164 | Elizabethtown village | $232 |
| 1165 | Colp village | $99 |
More data for Inverness village, Illinois
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Frequently asked questions
What is the average rent in Inverness village, Illinois?
The median gross rent in Inverness village, Illinois is $3,501/month, based on Census ACS 5-Year estimates (2023). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2023.
What is the average rent for a 2-bedroom in Inverness village, Illinois?
The median rent for a 2-bedroom in Inverness village, Illinois is not available based on Census ACS 5-Year estimates (2023). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2023.
What is the median home value in Inverness village, Illinois?
The median home value in Inverness village, Illinois is $704,100 according to Census ACS 5-Year estimates (2023).
What percentage of renters in Inverness village are rent-burdened?
In Inverness village, Illinois, 0 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Inverness village, Illinois?
The median household income in Inverness village, Illinois is $215,810/year according to Census ACS 5-Year estimates (2023).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example. In very small areas, MOEs can be large relative to the estimate.
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