Volo, Illinois: commercial real estate data.
Volo is a Census village of 6,706 people across 4.12 square miles of land, in Lake County. Median household income is $160,792, 82.0 percent of occupied homes are owned, and the SBA record carries 16 7(a) approvals to borrowers here worth $16.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Volo
What Volo is
- Census place typevillage
- Land area4.12 sq mi
- Water area0.08 sq mi
- Population per square mile of land1,626
- 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.
Volo
How many people live in Volo
- Population6,706
- Median age33.5
- Population under 182,058
- Share under 1830.7 percent
- Population 65 and over795 plus or minus 220
- Share 65 and over11.9 percent plus or minus 3.3
- Households2,263
- Family households1,881
- Share of households that are families83.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Volo
Income and work in Volo
- Median household income$160,792
- Per capita income$54,188
- Civilian labor force3,655
- Employed3,560
- Unemployed95 plus or minus 80
- Unemployment rate2.6 percent plus or minus 2.2
- Adults 25 and over4,233
- Adults 25 and over with a high school diploma or higher95.6 percent
- Adults 25 and over with a bachelor degree or higher52.2 percent
- Adults 25 and over with a graduate degree13.3 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Volo
Housing in Volo
- Housing units2,263
- Occupied units2,263
- Vacant units0
- Vacancy rate0.0 percent
- Owner occupied1,855
- Renter occupied408 plus or minus 252
- Ownership rate82.0 percent
- Median owner-occupied home value$319,700
- Median gross rent, monthly$2,169
- Annual rent as a share of median income16.2 percent
- Single family units2,161
- Share single family95.5 percent
- Units in buildings of two or more102 plus or minus 78
- Share in buildings of two or more4.5 percent plus or minus 3.4
- Mobile homes0
- Median year structure built2010
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Volo
How Volo gets to work
- Workers 16 and over who commute2,881
- Commuting under 15 minutes244 plus or minus 116
- Share commuting under 15 minutes8.5 percent plus or minus 3.8
- Commuting 30 minutes or more1,389 plus or minus 354
- Share commuting 30 minutes or more48.2 percent plus or minus 10.2
- Drove alone74.2 percent
- Carpooled3.4 percent plus or minus 3.3
- Public transport1.2 percent plus or minus 1.3
- Walked0.4 percent plus or minus 0.6
- Worked from home20.1 percent plus or minus 4.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Volo
SBA loans in Volo (7(a))
- Approvals16
- Gross approval$16,257,000
- Average approval$1,016,063
- Median approval$413,600
- Largest approval$5,000,000
- Jobs supported286
- Jobs per approval17.9
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more18.8 percent
- Share to franchises6.3 percent
- Distinct lenders13
- Distinct industries by NAICS11
Counted by borrower city: approvals to borrowers whose address is in Volo, in any county, FY2020 to FY2026. Only 2 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.
Volo
SBA loans in Volo (504)
- Approvals8
- Gross approval$6,863,000
- Average approval$857,875
- Median approval$689,500
- Largest approval$2,838,000
- Jobs supported37
- Loans with a final outcome4
- Charged off0
- Median term300 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Volo, in any county, FY2010 to FY2026. Only 4 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.
Volo
Flood risk in Volo
- NFIP communityVillage of Volo
- NFIP community number171042
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date02/17/16
The Village of Volo participates in the National Flood Insurance Program as community 171042 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 Volo
Lake County context, not Volo 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 Volo.
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
Volo questions, answered from the record.
How many people live in Volo, Illinois?
6,706, in 2,263 households. Volo village covers 4.12 square miles of land, which is 1,626 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Volo 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 Volo?
$160,792. The median owner-occupied home is valued at $319,700. Median gross rent is $2,169 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Volo businesses?
16 7(a) approvals totaling $16.3 m since FY2020, across 13 lenders, median approval $413,600, plus 8 504 approvals worth $6.9 m since FY2010. These count approvals to borrowers whose address is in Volo, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Volo borrowers get paid back?
No rate is published for Volo. Only 2 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 Volo in the National Flood Insurance Program?
Yes. Volo appears in the FEMA Community Status Book as Volo, village of, community 171042, 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 Volo 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 Volo.
Is zoning published for Volo?
No. Nothing on this page presents parcel level zoning.