HomeIllinoisLake CountyLake Villa
Lake Villa, Illinois: commercial real estate data.
Lake Villa 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 since FY2020.
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$370,600
- 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
Counted by borrower city: approvals to borrowers whose address is in Lake Villa, in any county, FY2020 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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
Counted by borrower city: approvals to borrowers whose address is in Lake Villa, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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
- NFIP communityVillage of Lake Villa
- NFIP community number170375
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date10/05/23
The Village of Lake Villa participates in the National Flood Insurance Program as community 170375 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Lake County, not Lake Villa
Lake County context, not Lake Villa figures
- Establishments in Lake County20,076
- Covered employment, Lake County329,354
- Average annual pay, Lake County$91,042
- Housing units permitted, Lake County1,042
Every figure in this section is published for Lake County as a whole and is not a measurement of Lake Villa.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $7.5 m since FY2020, across 8 lenders, median approval $67,000, plus 7 504 approvals worth $4.5 m since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. 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 Lake Villa, village of, 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 labeled 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?
No. Nothing on this page presents parcel level zoning.