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Latest available · Census ACS 5-Year (2024)

What Is the Average Rent in Royal Lakes village, Illinois?

$280/month 1.1%vs 2023 ($283)

City · Census ACS 5-Year estimates

The median gross rent in Royal Lakes village, Illinois is $280/month (±$37), based on Census ACS 5-Year estimates (2024). The median home value is $54,300 (±$25,941), and the median household income is /year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.

Housing Metrics for Royal Lakes village, Illinois

MetricValue
Median Gross Rent$280
Median Home Value$54,300
Median Household Income
Total Housing Units91
Renter-Occupied Units38
Renter-Occupied Share42%
Households Paying 50%+ Income3 households

How does Royal Lakes village, Illinois compare?

Median gross rent ranked against all cities in Illinois.

Higher rent than 0% of cities in Illinois · 1134th of 1136

Cheapest: Royal Lakes village($280)
Priciest: Burr Ridge village($3,501)
#CityValue
1Burr Ridge village$3,501
1Bull Valley village$3,501
1Indian Creek village$3,501
… 1130 more …
1134Royal Lakes village(you are here)$280
1135Elizabethtown village$241
1136Colp village$99

More data for Royal Lakes village, Illinois

Frequently asked questions

What is the average rent in Royal Lakes village, Illinois?

The median gross rent in Royal Lakes village, Illinois is $280/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.

What is the average rent for a 2-bedroom in Royal Lakes village, Illinois?

The median rent for a 2-bedroom in Royal Lakes village, Illinois is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.

What is the median home value in Royal Lakes village, Illinois?

The median home value in Royal Lakes village, Illinois is $54,300 according to Census ACS 5-Year estimates (2024).

What percentage of renters in Royal Lakes village are rent-burdened?

In Royal Lakes village, Illinois, 3 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 Royal Lakes village, Illinois?

The median household income in Royal Lakes village, Illinois is not available according to Census ACS 5-Year estimates (2024).

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, the median rent of $280 has a margin of error of ±$37. In very small areas, MOEs can be large relative to the estimate.

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This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau. Data from the American Community Survey (ACS) 5-Year Estimates, public domain.