Last updated: 2024 BLS data · Page refreshed:
Lake Villa has a population of 8,683 with a median age of 40.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 8,683 |
| Median Age | 40.4 |
| White | 70.2% |
| Black or African American | 3.9% |
| Asian | 8.0% |
| Hispanic or Latino | 15.3% |
| Other / Two or More Races | 2.6% |
The median household income in Lake Villa is $118,750, which is 47.3% above the national median of $80,610. The per capita income is $52,971. The poverty rate is 3.2%.
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In Lake Villa, 95.9% of residents age 25+ have a high school diploma or higher, and 55.6% hold a bachelor's degree or higher (20.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.9% |
| Bachelor's Degree or Higher | 55.6% |
| Graduate or Professional Degree | 20.3% |
The median home value in Lake Villa is $351,700, above the national median of $303,400. The median monthly rent is $1,533. The homeownership rate is 74.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $351,700 |
| Median Monthly Rent | $1,533 |
| Homeownership Rate | 74.3% |
| Vacancy Rate | 0.8% |
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