HomeIllinoisLake CountyLake Villa village
Lake Villa village, Illinois: commercial real estate data.
Lake Villa village is a Census village of 8,683 people across 6.53 square miles of land, in Lake County. Median household income is $118,750, 74.3 percent of occupied homes are owned, and the SBA record carries 25 7(a) approvals to borrowers here worth $7.5 m.
80 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lake Villa
What Lake Villa is
- Census place typevillage
- Land area6.53 sq mi
- Water area0.78 sq mi
- Population per square mile of land1,329
- County holding the largest share of its areaLake County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Villa
How many people live in Lake Villa
- Population8,683
- Median age40.4
- Population under 182,333
- Share under 1826.9 percent
- Population 65 and over1,102
- Share 65 and over12.7 percent
- Households3,116
- Family households2,428
- Share of households that are families77.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Villa
Income and work in Lake Villa
- Median household income$118,750
- Per capita income$52,971
- Civilian labor force4,687
- Employed4,459
- Unemployed228 plus or minus 133
- Unemployment rate4.9 percent plus or minus 2.8
- Adults 25 and over5,781
- Adults 25 and over with a high school diploma or higher95.9 percent
- Adults 25 and over with a bachelor degree or higher55.6 percent
- Adults 25 and over with a graduate degree20.3 percent plus or minus 4.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Villa
Housing in Lake Villa
- Housing units3,141
- Occupied units3,116
- Vacant units25 plus or minus 43
- Vacancy rate0.8 percent plus or minus 1.4
- Owner occupied2,314
- Renter occupied802 plus or minus 205
- Ownership rate74.3 percent
- Median owner-occupied home value$351,700
- Median gross rent, monthly$1,533
- Annual rent as a share of median income15.5 percent
- Single family units2,406
- Share single family76.6 percent
- Units in buildings of two or more698 plus or minus 207
- Share in buildings of two or more22.2 percent plus or minus 6.4
- Mobile homes37 plus or minus 44
- Median year structure built1996
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Villa
How Lake Villa gets to work
- Workers 16 and over who commute3,561
- Commuting under 15 minutes514 plus or minus 180
- Share commuting under 15 minutes14.4 percent plus or minus 4.8
- Commuting 30 minutes or more2,169
- Share commuting 30 minutes or more60.9 percent
- Drove alone72.7 percent
- Carpooled4.8 percent plus or minus 2.8
- Public transport1.1 percent plus or minus 1.1
- Walked0.2 percent plus or minus 0.3
- Worked from home19.7 percent plus or minus 5.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Villa
SBA loans in Lake Villa (7(a))
- Approvals25
- Gross approval$7,544,000
- Average approval$301,760
- Median approval$67,000
- Ninetieth percentile approval$380,000
- Largest approval$4,100,000
- Jobs supported190
- Jobs per approval7.6
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more16.0 percent
- Share to franchises12.0 percent
- Distinct lenders8
- Distinct industries by NAICS21
A charge-off rate is not published here. only 3 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lake Villa
SBA loans in Lake Villa (504)
- Approvals7
- Gross approval$4,460,000
- Average approval$637,143
- Median approval$309,000
- Largest approval$1,543,000
- Jobs supported55
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs4
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Lake Villa
Flood risk in Lake Villa
- Listed NFIP communities1
- Of those, participating1
- NFIP community number170375
- Currently effective map date10/05/23
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Lake County, not Lake Villa
Lake County context, not Lake Villa figures
These are Lake County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lake Villa measurements.
- Establishments in Lake County20,076
- Employment at those establishments, Lake County337,069
- Covered employment, Lake County329,354
- Average annual pay, Lake County$91,042
- Average weekly wage, Lake County$1,751
- Housing units permitted, Lake County1,042
- Of those, single family, Lake County531
- County product, 2024, Lake County$82,868,798,000
- County product change over the prior year, Lake County3.7 percent
- Average income of an arriving household, Lake County$132,863
Every figure in this section is published for Lake County as a whole and is not a measurement of Lake Villa. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Lake Villa questions, answered from the record.
How many people live in Lake Villa, Illinois?
8,683, in 3,116 households. Lake Villa village covers 6.53 square miles of land, which is 1,329 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lake Villa in?
Lake County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lake Villa?
$118,750. The median owner-occupied home is valued at $351,700. Median gross rent is $1,533 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lake Villa businesses?
25 7(a) approvals totalling $7.5 m, across 8 lenders, median approval $67,000, plus 7 504 approvals worth $4.5 m. These count approvals to borrowers whose address is in Lake Villa, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lake Villa borrowers get paid back?
No rate is published for Lake Villa. only 3 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Lake Villa in the National Flood Insurance Program?
Yes. Lake Villa appears in the FEMA Community Status Book as community 170375, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Lake Villa figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lake County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lake Villa.
Is zoning published for Lake Villa?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.