housinganalytics.org

Illinois · Place GEOID 1778227

Volo village

ACS 5-year 2024 estimates · population 6,706 · 2,263 housing units

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Median household income
$160,792
State $84,845
Median home value
$319,700
State $269,776
Median gross rent
$2,169
State $1,303
Homeownership rate
82.0%
State 67.1%
Renter cost-burden rate
23.3%
≥30% of income
Owner cost-burden rate
14.0%
≥30% of income
Homeowner vacancy
0.0%
Of owner-occupied + for-sale units
Rental vacancy
0.0%
Of renter-occupied + for-rent units
Overall vacancy
0.0%
All housing units
Price-to-income ratio
1.99
Affordable: 2.0–3.0

Section 1

Community Profile

Population, demographics, household composition, and income.

Community Data Summary

Volo villageIllinois
Population 6,706 12,694,798
Population density (per sq. mi.) 1,626.49 —
Median household income $160,792 $84,845
HUD Area Median Income (4-person, 100%) — —
Households 2,263 —
Average household size 2.96 people —
Owner-occupied 82.0% 67.1%
Renter-occupied 18.0% 32.9%
Race 73.9% White · 3.5% Black 0.0% White · 0.0% Black
Source: ACS 5-year 2024 (Tables DP05, S1101, DP04, S1901) and Census Gazetteer (land area); HUD FY2026 Income Limits.

Racial composition

Volo village compared with Illinois.
Source: ACS 5-year 2024, Table DP05.

Educational attainment (population 25+)

52.2% hold a bachelor's degree or higher (state: 37.8%).
Source: ACS 5-year 2024, Table S1501.

Median Household Income by Tenure

Owner-occupied vs. renter-occupied household income, county and state.
Source: ACS 5-year 2024, Table B25119.

Median Household Income by Age of Householder

Median household income by age group of householder.
Source: ACS 5-year 2024, Table B19049.

Median Household Income by Number of Earners

Median household income for families with each earner count.
Source: ACS 5-year 2024, Table S1903.

Household Size

Distribution of households by number of people.
Source: ACS 5-year 2024, Table S2501.

Income by Number of Earners

Earners Share Median income Attainable monthly housing cost Attainable home
0 earners 5.1% $65,577 $1,639 $213,080
1 earner 27.5% $104,748 $2,619 $358,888
2 earners 56.0% $186,250 $4,656 $662,266
3+ earners 11.4% $179,744 $4,494 $638,049
Attainable monthly housing cost = 30% of gross income ÷ 12. Attainable home price assumes 30% housing budget, 30-yr mortgage at 7%, 5% down.
Source: ACS 5-year 2024, Table S1903; affordability formula derived.

Households

2,263

Average size: 2.96 people

Households with children

1,204

53.2% of households

Per-capita income

$54,188

Poverty rate: 1.2%

Section 2

Residential Market Analysis

Housing stock characteristics — tenure, type, age, size, vacancy, rents.

Tenure

82.0% owner-occupied vs. state average 67.1%.
Source: ACS 5-year 2024, Table DP04.

Structure type

Single-family share 95.5% · Missing middle (2–19 units) 3.0%.
Source: ACS 5-year 2024, Table B25024.

Housing stock by decade

3.4% built before 1980 · Median structure age 2,010.00 yrs.
Source: ACS 5-year 2024, Table S2504.

Housing size mismatch

Compares the share of housing units by bedroom count against the share of households by size — a common diagnostic of housing supply/demand alignment.
Source: ACS 5-year 2024, Tables B25041 (bedrooms) and S2501 (household size).

Home value distribution

Owner-occupied homes by value bracket. Median: $319,700.
Source: ACS 5-year 2024, Table DP04.

Monthly Housing Costs

Distribution of monthly housing costs across all occupied units.
Source: ACS 5-year 2024, Table B25104.

Number of Bedrooms

Housing units by number of bedrooms.
Source: ACS 5-year 2024, Table B25041.

Median rent by bedroom

Overall median gross rent: $2,169.
Source: ACS 5-year 2024, Table B25031.

Renters by age

Number of renter householders by age bracket.
Source: ACS 5-year 2024, Table S2502.

Owners by age

Number of owner householders by age bracket.
Source: ACS 5-year 2024, Table S2502.

Section 3

Workforce Housing Needs Assessment

Affordability, cost burden, and the housing options for households in the workforce income range.

Workforce range — ACS median household income

80% MHI$128,634
100% MHI$160,792
120% MHI$192,950

Place-level median from ACS 5-year estimates. A household at 100% MHI in Volo village should be able to afford a home up to roughly — (30% housing budget, default mortgage terms).

Workforce range — HUD Area Median Income

HUD AMI data not available for this place's parent county.

Affordability calculator

Follows the standard 30%-of-gross-income affordability rule.

Affordable monthly—
Affordable home price—

Renter cost burden

23.3% of renter households spend ≥30% of income on rent (12.7% spend ≥50%).
Source: ACS 5-year 2024, Table B25070.

Owner cost burden by income

14.0% of homeowners spend ≥30% of income on housing. Bars show counts of cost-burdened owners by income bracket.
Source: ACS 5-year 2024, Table B25106.

Household income — owners vs renters

Distribution of household income for owner-occupied (navy) and renter-occupied (gold) households.
Source: ACS 5-year 2024, Table B25118.
Methodology & sources

All figures derive from the 2024 American Community Survey 5-year estimates pulled directly from the Census Data API at the place geography level. State and national comparisons are population-weighted aggregates of county-level estimates (an approximation; ACS publishes its own state and national medians which can differ slightly).

HUD Area Median Income figures are inherited from the parent county (HUD publishes Income Limits at county/MSA level). BLS industry (QCEW) and occupation wage (OEWS) sections from the county profiles are not shown on place pages because those datasets are not published at sub-county geography — see the parent county profile for that context.

The affordability calculator uses a 30% housing-budget rule with a 30-year mortgage. Defaults are 7% interest, 5% down, $2,500/year taxes and insurance, and 0.5% PMI — adjustable above.

Place GEOID: 1778227 · Parent county FIPS: —.